GCash Fuse Lending and Lazada Philippines Collaborate to Offer Cash Loans for Sellers

#GCash, a top financial application, has joined forces with #Lazada Philippines, a leading e-commerce platform, via its lending subsidiary, Fuse Lending, Inc. This collaboration aims to empower Filipino entrepreneurs by providing cash loans to qualified sellers on the platform, thereby stimulating the expansion of their digital businesses. #LazadaPH

The alliance was formalized by Anthony Isidro, President and CEO of Fuse Lending, Baby Aquino, Fuse’s Chief Strategy and Product Officer, Kevin Yu, GLoan’s Product Head, and Benjamin Ng, Lazada’s Head of Seller Financing. The inauguration ceremony took place recently at Bonifacio Global City.

Fuse Lending is the inaugural partner to fully incorporate a seller loan product within the Lazada Philippines Seller Center application. This collaboration enables Fuse to extend its reach to micro, small, and medium enterprises beyond the GCash platform, while also allowing Lazada to provide loans to its sellers.

Anthony Isidro, President and CEO of Fuse Lending, expressed his delight at being Lazada Philippines’ chosen partner in offering their vast network of small business owners with cash loans that are more accessible, secure, and convenient as they continue to expand their presence in the micro, small, and medium enterprise (MSME) sector, the backbone of the Philippine economy.

Earlier this year, GCash and Lazada Philippines initiated the program with a select group of sellers and are now planning to broaden their user base on the eCommerce platform in the upcoming months.

This collaboration aligns with the digital roadmap of the Bangko Sentral ng Pilipinas, which seeks to enhance the current digital payments and digital financial inclusion landscape by making 50% of the country’s retail transaction volumes digital. Furthermore, this partnership underscores the concerted efforts of both fintech and e-commerce powerhouses to ensure effective access to a broad spectrum of digital financial services for all, particularly the underserved sectors.

Benjamin Ng, Head of Seller Financing at Lazada, expressed his excitement about offering Lazada Seller Loans in collaboration with Fuse Lending. He believes that this offering will open up more opportunities for Filipino entrepreneurs to prosper in the digital retail space. This partnership signifies a crucial step in their shared mission: contributing towards Sustainable Development Goal 17, broadening financial access to Filipino MSMEs, and hastening progress in the Philippines.

FAQs

1. What is the partnership between GCash’s Fuse Lending and Lazada Philippines about?

   • The partnership aims to support Filipino entrepreneurs by offering cash loans to eligible sellers on the Lazada platform to help grow their online businesses.

2. Who are the key people involved in this partnership?

   • The partnership was officiated by Anthony Isidro, President and CEO of Fuse Lending, Baby Aquino, Fuse’s Chief Strategy and Product Officer, Kevin Yu, GLoan’s Product Head, and Benjamin Ng, Lazada’s Head of Seller Financing.

3. What is unique about Fuse Lending’s partnership with Lazada Philippines?

   • Fuse Lending is the first partner to fully integrate a seller loan product within the Lazada Philippines Seller Center app.

4. What is the goal of this partnership?

   • The goal is to provide effective access to a wide range of digital financial services for all, especially the underserved sectors, and to contribute towards Sustainable Development Goal 17 by expanding financial access to Filipino MSMEs.