• Product Reviews
• 15.11.2021 01:25 pm
• UnaPay

• What does the product do?

Launched in 2020 by international fintech holding Robocash Group, UnaPay helps its underbanked customers manage their monthly budget in an effective way. Currently, the service provides two solutions: 

1. Buy Now, Pay Later installment plans. The client can purchase goods directly from the merchant’s website or app, having UnaPay as their payment method of choice. 

2. The Salary Loan service provides customers an early access to their earnings. An employee can apply for a salary-linked installment loan paid within a maximum of 12 months. 

• Who needs the product?

UnaPay  facilitates financial inclusion for individuals who are creditworthy but have limited access to finance . The reasons behind that vary for each borrower but typically boil down to informal employment, lack of credit history, or unavailability of a local bank branch. 

The Buy Now, Pay Later service enables purchasing goods straight from the merchant's website or app reducing the debt burden, and the Salary Loan service is most effective for urgent needs, providing customers with early access to their salary so they can receive the money they have already earned before the actual payday.

• What is special about the product?

UnaPay’s BNPL service enables purchases that would usually be too much of a strain on the budget. By paying for goods in regular fixed installments, customers are able to optimise monthly budget planning and reduce spending. 

UnaPay’s Salary Loans allow customers to attain more flexibility with management of their funds. This type of loan is most effective for making large urgent purchases, e.g. medicine, tuition, repairs, etc. Directly tied to the earned salary, the loan application and approval time is reduced even further, requiring minimal paperwork from employee/employer.

Robocash Group possesses proven experience in consumer lending and crisis resilient business model. With UnaPay the Group gives its clients broader access to finance enabling true financial empowerment to each individual. 

• What features are relevant?

All UnaPay solutions utilise expertly built proprietary technology, which gives both the BNPL and Salary Loans services an inherent advantage over the competition.

The customers purchasing goods on Lazada with UnaPay enjoy the seamless and quick process of applying for an installment plan. From the merchant side of things, the increased in-flow of new customers is ensured, supported by the swift transfer of revenue made from sales. The service can be easily integrated with any merchant’s website or mobile app without any setup fees or minimums. This allows UnaPay’s partners to bypass the lengthy customisation process and focus on making sales.