Originally launched as a buy now, pay later service, UnaCash was enhanced to provide customers with point-of-sale (POS) loans in July 2023. These days, the firm also offers installment loans with amounts ranging from ₱3,000 to ₱50,000 and terms as short as two to twelve months. The current clients with excellent credit histories are the ones being provided them.

"UnaCash recognizes the increasing demand in the Philippine market for access to formal credit," stated UnaCash President Aleksei Kosenko in a statement. In July 2023, we first met this need by adding POS loans to our platform. Now, UnaCash is hoping to serve even more people with excellent credit histories by introducing Instalment Loans. This gives them more chances to improve their lifestyle and effectively handle unforeseen expenses.

"There is a growing interest in installment loans in Southeast Asia, which is confirmed by our recent analysis - search requests for this type of loans grew by 50% in 2023 compared to 2020," stated UnaFinancial CEO Natalia Ishchenko. We anticipate that our new offering will assist in meeting the growing demand and provide our clients with greater freedom to select the solution that best suits their objectives. The new product will further extend UnaFinancial's offering, in line with our company diversification goal.