Skyro, one of the fastest growing financial technology (fintech) companies in the country, partnered with Paynamics, one of the Philippines’ most trusted and accessible payment providers in the country. With the partnership in place, it is now possible for over 4,000 Paynamics merchant-partners to offer Skyro’s flexible and affordable buy-now-pay-later (BNPL) scheme to their customers.
The partnership, recently formalized with a MOA signing attended by top executives of both companies, underscores both companies’ shared vision of financial inclusion among Filipinos, especially the underbanked, and empowering SMEs’ growth through digital innovation. The partnership also reaffirms Skyro’s aggressive expansion initiatives. From being a preferred payment option for shoppers of big-ticket items in top retail outlets in the country, Skyro is now expanding its footprint to customers of Paynamics’ online merchants that include top e-commerce websites, hotels, airlines, and insurance companies, among others.
Leading the MOA signing were Skyro head of POS business Lowen Medina and Paynamics co-founder and CEO Mylene Chua-Magleo. Joining them were Janju Pelegrino, Skyro head of sales operations, Ronald Magleo, Paynamics founder, visionary and CTO, and Esther Magleo, Paynamics co-founder and board member.
“Our vision is for Filipinos to enjoy a life they’ve always dreamed of. Now we’re slowly making that happen through our partnership with Paynamics, allowing its online merchants to offer our flexible financial lending solutions so that customers can avail of items and services they’ve always wanted,” shared Medina.
Paynamics strengthens Skyro’s thrust for financial inclusion and support for businesses. “Our partnership with Skyro highlights Paynamics’ mission to elevate Filipino businesses and the lives of Filipinos by making financial products like Buy Now, Pay Later more accessible and convenient. Together, we bring stronger cashflow to businesses while offering customers flexible payment options and terms, fostering a more inclusive and digitally empowered economy,” says Mylene Chua-Magleo.
Introduced in the country in August 2022, Skyro offers one of the most flexible product loans in the country. With an approval probability of up to 80% for loan applications, Filipinos can enjoy flexible loan solutions, allowing them to easily adjust their monthly payment and due dates to meet their personal needs.
