{"id":65884,"date":"2024-09-16T13:14:42","date_gmt":"2024-09-16T05:14:42","guid":{"rendered":"http:\/\/www.upgrademag.com\/web\/?p=65884"},"modified":"2024-09-16T13:14:44","modified_gmt":"2024-09-16T05:14:44","slug":"transunion-philippines-and-lista-form-partnership","status":"publish","type":"post","link":"http:\/\/www.upgrademag.com\/web\/2024\/09\/16\/transunion-philippines-and-lista-form-partnership\/","title":{"rendered":"TransUnion Philippines and Lista form partnership"},"content":{"rendered":"\n

TransUnion<\/a> announced a strategic partnership with Lista<\/a>, one of the fastest growing financial management apps in the Philippines.<\/strong><\/p>\n\n\n\n

The partnership harnesses TransUnion Philippines\u2019 database of consumer borrowing data, using its advanced scoring models to assess their risk profiles and present a credit score and credit report. The service is now easily available to Filipinos anywhere, anytime in the country, on Lista\u2019s mobile portal. <\/p>\n\n\n\n

A collaboration that helps extend financial inclusion<\/strong><\/p>\n\n\n\n

A healthy credit score is a powerful financial tool that influences everything from the interest rates lenders offer and the credit lines they extend, to the decision to approve or reject a loan application. It affects a consumer\u2019s ability to secure a mortgage, finance a car, or even start a business.      <\/p>\n\n\n\n

<\/a>Credit card payments in the Philippines are expected to rise by 17.2% this year to reach PHP 3.4 trillion[1]<\/sup><\/a>, made possible by considerable growth in the number of Filipinos who hold credit cards. According to TransUnion\u2019s latest Credit Perception Index<\/a>, 40% of Filipinos now own credit cards \u2013 a 15 percentage point increase from the same time last year. The Index also showed that Filipinos intend to take better control of their financial situations, with 72% planning to access more educational materials in the next year.<\/p>\n\n\n\n

In addition to learning more about how to manage credit, it\u2019s important that Filipinos regularly check their credit score and report, with routine checks now made even easier via Lista. Credit reports can also help consumers be vigilant about potential fraud schemes, as well as promote better financial literacy and increased financial inclusion.<\/p>\n\n\n\n

Since 2011, TransUnion has been dedicated to helping Filipino consumers and businesses make better and more informed financial decisions with the innovative use of data and insights. This ambition echoes Lista\u2019s purpose, which is to provide Filipinos with digital tools and resources to support their journey towards financial wellness. Both TransUnion and Lista share the goal of making Filipinos\u2019 lives better by making financial resources more accessible.<\/p>\n\n\n\n

Key service features for Filipinos who want to enjoy the benefits of the collaboration between the two companies include:<\/p>\n\n\n\n

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  1. A fully digitalized experience<\/strong><\/li>\n<\/ol>\n\n\n\n

    Users can enjoy the convenience of requesting credit reports, validating identity documents, and settling payments through the Lista mobile app. This empowers consumers to manage their financial data anywhere, anytime.<\/p>\n\n\n\n