Skyro, one of the fastest growing financial technology (fintech) companies in the country, has partnered with Paynamics, one of the Philippines’ most trusted and accessible payment providers in the country.
With the partnership in place, it is now possible for over 4,000 Paynamics merchant-partners to offer Skyro’s flexible and affordable buy-now-pay-later (BNPL) scheme to their customers.
The partnership, recently formalized with a MOA signing attended by top executives of both companies, underscores both companies’ shared vision of financial inclusion among Filipinos, especially the underbanked, and empowering SMEs’ growth through digital innovation.
The partnership also reaffirms Skyro’s aggressive expansion initiatives. From being a preferred payment option for shoppers of big-ticket items in top retail outlets in the country, Skyro is now expanding its footprint to customers of Paynamics’ online merchants that include top e-commerce websites, hotels, airlines, and insurance companies, among others.
“Our vision is for Filipinos to enjoy a life they’ve always dreamed of. Now we’re slowly making that happen through our partnership with Paynamics, allowing its online merchants to offer our flexible financial lending solutions so that customers can avail of items and services they’ve always wanted,” shared Skyro head of POS business Lowen Medina.
“Our partnership with Skyro highlights Paynamics’ mission to elevate ilipino businesses and the lives of Filipinos by making financial products like Buy Now, Pay Later more accessible and convenient. Together, we bring stronger cashflow to businesses while offering customers flexible payment options and terms, fostering a more inclusive and digitally empowered economy,” Paynamics co-founder and CEO Mylene Chua-Magleo said.
Introduced in the country in August 2022, Skyro offers one of the most flexible product loans in the country. With an approval probability of up to 80 percent for loan applications, Filipinos can enjoy flexible loan solutions, allowing them to easily adjust their monthly payment and due dates to meet their personal needs.
