With the holiday season in full swing, payment solutions company Paynamics has announced a partnership with Skyro to provide Buy-Now-Pay-Later (BNPL) products.
Skyro is emphasizing ease and convenience for online transactions, offering options that require as little as a 20% downpayment with flexible repayment terms of 6, 9, or 12 months.
Lowen Medina, head of POS business at Skyro, highlighted the quick and straightforward application process available through the Skyro app, which can take just 20 minutes to complete, while approval decisions can be made in as little as two seconds, thanks to a proprietary credit scoring system.
In order to enhance customer experience, the Skyro app allows users to adjust their payment due dates, within a specific timeframe, providing borrowers with added flexibility and control over their loan schedules.
For any queries or concerns, the app features a customer chat box staffed by real individuals, ensuring personalized support rather than AI-generated responses.
To qualify for a loan, users need only one valid ID, and the service is now available nationwide.
With the partnership with Paynamics formalized with the Memorandum of Agreement (MOA) signing held last Dec. 11, customers will be able to use Skyro at over 4,000 Paynamics merchants, as well as in Skyro Partner shops across the country.
