Aimed at advancing financial inclusion and support for micro, small, and medium-scale enterprises (MSMEs), Cebuana Lhuillier, recognized as the nation’s premier microfinance services provider, has forged a strategic alliance with SeaMoney, an affiliate of Shopee, the leading eCommerce platform in Southeast Asia.
The collaboration between Cebuana Lhuillier and SeaMoney takes a significant step towards amplifying the growth opportunities for MSMEs by offering them access to the Buy Now Pay Later (BNPL) payment option through SPayLater on the Shopee platform. This integration not only facilitates smoother transactions for current clients but also serves as a powerful incentive for potential customers looking to engage with MSMEs.
“Cebuana Lhuillier and Shopee’s partnership is a significant development in the Philippine e-commerce landscape. It is a testament to both our companies’ commitment to empower online sellers and consumers,” according to Jean Henri Lhuillier, Cebuana Lhuillier President and CEO.
Building on this momentum, Cebuana Lhuillier has recently inaugurated the Kanegosyo Center, positioning itself as a pivotal resource hub. The center serves as a comprehensive guide for MSMEs, providing insights into effective business management strategies. It extends its services to aspiring entrepreneurs, offering guidance at every step of the entrepreneurial journey. Through the utilization of tailored products and services, the Kanegosyo Center aims to empower businesses to not only survive but thrive in a competitive market.
This latest partnership with SeaMoney aligns seamlessly with Cebuana Lhuillier’s steadfast mission of bolstering financial inclusion for MSMEs. The collaboration acknowledges the undeniable impact of these enterprises on the country’s economic landscape. At a time when their role is more crucial than ever, the Cebuana Lhuillier-Shopee alliance is positioned to become a catalyst for economic progress.
As the partnership evolves, Cebuana Lhuillier remains at the forefront of championing positive change in the MSME sector. By enhancing accessibility to financial options and business support, the collaboration underscores the commitment to empower businesses and entrepreneurs across the Philippines. This strategic initiative recognizes the vital contribution of MSMEs to the nation’s development and underscores the urgency of providing them with the tools and resources needed for sustained growth and success.