Voyager Innovations, the digital innovations arm of PLDT and Smart, introduced Lendr, the country’s first online marketplace platform for consumer loans, to members of the Rural Bankers Association of the Philippines (RBAP) during the group’s 58th Charter Anniversary Symposium held at the Mariott Hotel, Pasay City.
PLDT Smart SME Nation, Voyager Innovations join RBAP to boost financial inclusion in the countryside
The Rural Bankers Association of the Philippines (RBAP) has turned to technology to bring inclusive financial services to Filipinos in the countryside.
The Rural Bankers Association of the Philippines (RBAP) welcomed a strategic partnership with Voyager Innovations, a unit of telecommunications provider Philippine Long Distance Co. (PLDT) for a new mobile application called Lendr that will serve as an online consumer loans marketplace.
Innovations in digital and mobile technology are quickly changing the banking industry as customers are demanding "anytime, anywhere convenience" especially for the rapidly growing consumer loan market. The Morgan Stanley Research Global study entitled "Global Marketplace Lending: Disruptive Innovation in Financials" published last May 2015 cited that "marketplace lending is in lift off" and the market could exceed US$490 billion by 2020.
VOYAGER INNOVATIONS, Inc. (Voyager) and PNB Savings Bank have entered into an agreement to explore the automation of the end-to-end SSS pension loans process from application to loan release, via Voyager's tech-enabled loans platform, Lendr.
The Chamber of Thrift Banks (CTB) collaborates with PLDT and Smart unit Voyager Innovations for Lendr. PLDT/Smart Chairman Manuel V. Pangilinan shakes hand with CTB and RCBC Savings Bank President Rommel Latinazo.