As the country’s e-commerce sector continues to accelerate in the current landscape, TendoPay presents a solution to help Filipinos access widely available, fairly-priced and easy to obtain financial products.
TendoPay launched its partnership with 7-Eleven on Monday. With TendoPay, customers can conveniently pay for their purchases from 7-Eleven’s chain of convenience stores found throughout the Philippines, over several months.
TendoPay is a digital installment plan solution that gives its customers the convenience to buy now and pay later for their online purchases in 15 days up to 24 months installments. While 7-Eleven is the largest chain store with over 2,900 stores in the Philippines. It is primarily a chain of convenience stores that operates on a daily and 24-hours basis.
After applying via cliqq.net customers can buy 7-Eleven vouchers on installments on the TendoPay website and load their 7-Eleven CLiQQ wallet, they can then use said wallet at any 7-Eleven store to pay for their purchases.
“It allows them to make purchases whenever they actually need them. Then they can repay them once they get their salary or even spread the cost over several months. It’s a very convenient way of managing your finances especially at a time of pandemic,” shared Kacper Marcinkowski, President of TendoPay.
Anyone can apply for a Tendopay account, so long as they fit the requirements. TendoPay also has an Employee Benefit program, which is a packaged product where employees are offered their TendoPay via their employer. With this package, employees will gain access to a relatively large credit limit and low-interest rates.
With the high usage of mobile phones for internet, data, and social media, digital payments are right around the corner to dominate the landscape with the shift to digitalization. The growth of e-commerce in the Philippines is very ripe and nascent according to TendoPay’s President, Kacper Marcinkowski. Although payments and logistics may be lagging behind, it is changing rapidly and TendoPay is eager to be a part of this change.
Marcinkowski explained how they aim to empower Filipinos financially with TendoPay, “We think that in a complex sector like fintech it’s important to specialize or focus on one problem only. In our case, it’s providing Filipinos affordable and convenient financing. We will continue to grow our ecosystem of partner stores to fulfill this mission.”
TendoPay progressively expands its retail partners to provide Filipinos a means for productive spending and access to essential services and resources, especially during the period where finance is a big concern. Through TendoPay and 7-Eleven’s partnership, customers can purchase the products they need using their credits and pay once they can get back up on their feet. The partnership will greatly benefit customers to easily purchase their daily necessities at any time and at any 7-Eleven store nationwide.
