GHL Gets Nod to Start Lending Operations in Philippines

GHL Gets Nod to Start Lending Operations in Philippines via Fintech Information Malaysia July 14, 2020

GHL Team Berhad introduced nowadays that its Philippines arm has gained acclaim for the Philippines Securities and Trade Fee to operated a lending industry by the use of its new unit, GHL Phlippines Financing Products and services Inc.

GHL who’s historically recognized for its bills industry has been observed diversifying its industry of overdue. In opposition to the tip of 2019, GHL in a similar way gained the nod to function its lending industry in Malaysia and Thailand. Next to that, they’ve entered right into a partnership with Axiata’s micro-lending platform Aspirasi with the purpose of “narrowing the monetary inclusion hole” in Malaysia.

In early 2019, they’ve additionally partnered with an Australian fintech startup that gives “Pay Later” answers to allow their traders to be offering interest-free per 30 days bills to their buyer base.

Danny Leong

Danny Leong

Commenting on their newly introduced operations, Danny Leong, Team CEO, GHL stated,

“We’re excited with our Philippine operations getting the go-ahead to get started lending services and products to our service provider base. This is a part of the gang’s technique to additional price upload to our traders in addition to fee services and products.

COVID-19 has introduced many demanding situations to many SME traders and we are hoping to be ready give a boost to them throughout the difficulties and to help them to catch the restoration wave.”

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