Fuse, the lending arm of Mynt, is offering loans of as much as P30,000 for its GCash users as part of efforts to serve the underserved and unbanked population in the country.
?We are committed to enable the aspirations of the financially-underserved. With Fuse, we aim to create and sustain opportunities for growth and stability for individuals and businesses alike through responsible and fintech-enabled lending,? said Mynt president and CEO Anthony Thomas.
Fuse offers GCredit, a credit line attached to one?s GCash account, a mobile money service.
The amount they can avail of is determined by GScore, the first trust score in the Philippines which checks the financial capacity of an individual to pay back a credit based on their GCash usage.
Mynt, the fintech startup owned by Globe Telecom, Ant Financial, and Ayala Corporation.
