Netbank, UBX partner for loans to MSMEs using e-commerce

by The Manila Times

Aug 26, 2023 12:12 am

NETBANK and UBX have signed an agreement to issue loans to sellers on e-commerce platforms. As they start issuing these loans, Netbank expects to rapidly expand its lending to e-commerce sellers in the next year.

Many sellers on e-commerce platforms require additional working capital to expand their sales. Few banks, however, are willing to extend loans to these sellers since they have no properties as collateral.

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