Go Cashless! Why Having a Credit App is a Must Now

Did you know that credit apps are becoming an alternative financial solution for today’s consumers? Based on surveys, approximately 57% of Filipinos have started to embrace cashless transactions because of their convenience and safety. 

This figure alone should convince you to start using credit apps as a payment method when you need to buy something but can’t wait to get to a bank or pick up your payroll from your office. 

If the idea of a credit app is something new to you, it’s time for you to discover how using one can enable you to make your next cashless transaction in a fast, easy, simple, and cost-effective manner.

Without further ado, here are the top reasons for you to go cashless and switch to a credit app:  

Quick and easy registration

One of the requirements of credit institutions is the creation of an account registered in your name. You can use your account to make transactions with the company, such as applying for a loan and remitting your payments. Truth be told, though, their requirements for account registration aren’t always easy to acquire, and the wait for its approval isn’t very quick.

However, unlike traditional credit companies, online credit apps make it easy for you to set up your account! No need to comply with the long list of requirements, except for your basic personal information and a couple of identification documents. Once you’re done with these steps, you can already apply for a loan with fast approval in 30 minutes or less.

Exclusive perks and discounts from partner stores

As a registered user of credit apps, you get to enjoy the full benefits of the service, including exclusive deals that let you save money on your purchases. You can consider this as your reward for being a valued customer of the company, especially if you maintain a good credit standing with them.

It’s also a way for credit providers like Cashalo to encourage you to develop good financial habits since the company’s goal is to build a more financially inclusive future for Filipinos.

In fact, within the Cashalo app, you can get a 50% discount on your food, shopping, or entertainment expenses. When you activate the PayLater feature of your app, you immediately get a credit line that you can use to make purchases, which are available on the CashaDeals promo. Pay them off within 30 days to enjoy 0% interest and to continue using the service.

Reliable for spur-of-the-moment purchases and transactions

You’ve probably found yourself in those situations when you suddenly need extra funds for a specific purchase, but don’t have enough cash with you or actually run short on funds, just like 29% of Filipino consumers who now carry less money in their wallet. This can be a problem when you’re buying from physical stores that require you to present either cash or a credit or debit card.

When you have a credit app, you don’t have to worry about not having enough cash on hand. Credit apps have a scan-to-pay feature that lets you send money from your app to the vendor. Instead of withdrawing money from your bank or using your card, you only need to tap your mobile phone on the store’s payment terminal, and the app automatically scans the QR code displayed on the payment collection system to fund your purchase.

You can also enroll for online bills payment and bank transfer features through your credit app, so you don’t need to physically go to payment centers whenever you need to make important transactions at the last minute. A few tapping or swiping motions on your phone are all you need to launch your credit app, and you can easily send money where you need to.

Secured account

We all know how carrying loads of cash isn’t that safe, as you may lose them to pickpockets in crowded places or robbers hiding in remote areas. With credit apps, there are a variety of security features that keep your account safe and your money intact. 

If you need to log in to your account or unlock the screen on your smartphone, your app will launch biometric authentication methods, such as fingerprint or facial recognition, to help them verify your identity.

Another security feature of credit apps is two-factor authentication. So, even if you have successfully logged in to your account, you’ll be receiving a one-time authentication code on your phone every time you’re trying to make a transaction. Once you’ve used that code, there’s no way for other people to use that code again to get into your account and steal your money or personal or financial data.

Mobile apps are also strict in implementing the use of passwords, which is another way of helping your protect your account. If they recognize that your password is not strong enough, you’ll be asked to choose a different one that meets their criteria.

Improves credit health

Using a credit app can also improve your credit health and make future credit transactions easier. As you make on-time payments with your creditors, your account gets a positive rating, which contributes to a high credit score. This information is what creditors use when deciding whether or not you’re qualified to get a loan. If you are, then they grant you fast and significant credit approvals. That said, you should always aim for this status. 

Go Cashless: Pay with Your Credit App

Running out of cash is far from an ideal scenario. It’s frustrating and inconvenient when you need to buy or pay for something right away, but you can’t because you don’t have enough money or you don’t have it on hand.

Fortunately, you can turn to a reliable credit app like Cashalo for those I-really-need-to-pay-or-purchase-now moments. Through the Cashalo app, your funds are always ready for use whenever or wherever you might need them!

Download the Cashalo app to start making cashless transactions!


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