Finovate Global Philippines: Insurtech, SuperApps, and Turning Corner Shops into Banking Hubs
Finovate • October 20, 2023
yufin, a merchant fintech platform in the Philippines, has announced new partnerships with wholesaler Lots for Less, delivery firm Transportify, and streaming content provider Vivamax. These collaborations aim to enhance services for local merchants and promote digital adoption across the value chain. Shubhrendu Khoche, President and co-founder of yufin Philippines, emphasized that these partnerships will encourage the use of digital payments among small merchants, their customers, and suppliers.
Founded in 2021, yufin aims to significantly increase household income in underserved communities by transforming small shops into preferred banking and credit hubs. The company focuses on partnering with local banks rather than competing with them, providing assisted digital financial services to improve financial outcomes for these communities.
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