Defining the News
Point-of-sale loans in the Philippines are expected to reach P1.67 trillion by 2028, according to a survey by leading in-app and in-store installment solutions provider UnaCash.
The survey showed that 33 percent of offline shoppers and 22 percent of online shoppers found POS financing crucial to influencing their choice to shop either in physical or online stores.On-store shoppers want to physically inspect the products for personalized customer experience and to avoid shipping delays, while online consumers prioritized the convenience and accessibility that e-commerce platforms provide.
Credit card installments are more popular among offline shoppers than online shoppers . About 11 percent of offline shoppers used in-store POS finance offers, while 30 percent of online shoppers used buy now, pay later options. About 34 percent of consumers have tried the service out of curiosity, while 24 percent said the option supports addressing the gap in terms of income insufficiency.
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