Finance
Home Credit now has 12M customers, on pace to double iPhone financing
By the numbers
Ahead of its 12th anniversary, Home Credit Philippines has bared that it has already reached 12 million customers as of August 2025.
At its recent Future Focus: Building Tomorrow Together event, executives of Home Credit shared some numbers as the financial solutions provider has become a trusted leader in consumer finance.
33
Home Credit Philippines only had 33 customers when it opened its first ever booth back in 2013.
700, 1,100, 1,400
During its peak season, Home Credit said it has financed an average of 700 refrigerators, 1,100 air conditioners, and 1,400 televisions per day.
This highlights the strong demand for comfort and convenience at home even as consumers seek flexible financing methods.
10,000
Today, the company has a dedicated team of 10,000 sales associates.
18,000
Moreover, the financial solutions provider has presence in 18,000 partner stores. It’s impossible not to see one when visiting the tech and consumer electronics section of a mall.
2.5 million
That’s the number of smartphones HCPH has financed since the start of 2024. That’s an average of 5,000 devices per day, not even counting other electronics and appliances.
27 million
That’s how many mobile app downloads the Home Credit App has so far. It is available on the App Store, Google Play, and Huawei AppGallery.
PhP 4.5 billion
Recognizing that mobility has also been emerging as a rapidly growing industry in the Philippines, HCPH has also ventured into making motorcycles and e-bikes more accessible for Filipinos.
The company said it has financed closed to 70,000 units of such vehicles since 2024, amounting to PhP 4.5 billion.
PhP 20 billion
Furthermore, the iPhone remains one of the top choices for Home Credit users looking to purchase smartphones through its flexible plans.
Financing for iPhones reached PhP 10 billion in 2024, and HCPH said it is expected to hit PhP 20 billion by the end of 2025. That’s double the previous year’s volume.
PhP 500 billion
To cap it all off, this is the whopping total sales figure estimate across all credit offerings.
Home Credit Protect
Working hand in hand with the company’s affordable installment plans are its Home Credit Protect insurance program.
This is designed to give customers peace of mind without added financial strain. They can choose between Borrower Protection and Device Protection.
The first covers accidents, life, illness, hospital cash, installment waiver, online consultations, and protections for loved ones.
On the other hand, the second focuses on safeguards against accidental liquid damage, extended warranty, door-to-door repair or replacement, and like-for-like device replacement.
As of August 2025, Home Credit said it has approved and released over PhP 1.75 billion in claims for nearly 70,000 devices.
Deals
Maya: Convert purchases to 0% interest Mini Payment plans
On select electronics and home appliance purchases for a limited-time only
Maya is offering consumers the opportunity to convert eligible electronics and home appliance purchases to 3-month Mini Payment plans with 0% interest.
That’s through the Maya Black Credit Card or the Landers Cashback Everywhere Credit Card. The promo period runs from August 1 to October 31, 2026, giving consumers more financial flexibility.
In addition, processing fees will be waived for Mini Payment plans availed until September 30.
Purchases will continue to earn instant Maya Miles or Landers Cashback Points with use of the corresponding card.
To avail of the mini-payment offer, simply make a single straight purchase worth at least PhP 10,000 using either card.
Once the transaction is posted on the Maya app, select the transaction and tap “Convert to Mini Payments”. Then, choose the 3-month Mini Payment plan to enjoy the promo.
GCash is future-proofing micro, small, and medium enterprises (MSMEs) with new customer-first payment innovations. This, as the Philippines continues to become a digital payments nation.
The app expanded its suite of solutions to make digital payments more accessible, convenient, and secure for merchants.
Rather than a one-size-fits-all solution, GCash has payment devices designed for different business sizes and ways of operating.
One is the GCash EasyPOS, an all-in-one terminal for medium and even large enterprises. This accepts QRPh, Visa, and Mastercard payments and also supports features like digital receipts, refunds, settlements, and transaction monitoring.
Meanwhile, GCash SoundPay Plus is designed for micro and small merchants, specially in the retail and F&B sectors. It combines QR payments, card acceptance, and instant voice confirmation so merchants can immediately check when a payment pushes through.
The rollout of these two solutions builds on earlier solutions GCash introduced, including PocketPay and SoundPay.
PocketPay is designed for MSMEs, bazaar or pop-up merchants, and mobile sellers who take their products and services wherever their customers are.
It turns an NFC-enabled Android smartphone into a contactless card terminal. This makes payments easy and affordable — without investing in additional hardware.
SoundPay, meanwhile, is a portable QR payment device that provides instant voice confirmation for every transaction.
According to Bangko Sentral ng Pilipinas (BSP), 57.4% of retail payment transactions by volume were made digitally in 2024.
The central bank is targeting a digital payment share of 60% to 70% by 2028, with businesses increasingly expected to support cashless transactions.
Finance
GoTyme Bank grows to 10 million users in the Philippines
Over US$ 859.4 million in customer deposits
GoTyme Bank has reached the 10 million-user milestone in the Philippines, one of its key markets.
A joint venture between the parent Tyme Group and the the local Gokongwei Group, the digital bank has officially grown to 10 million strong, its latest accomplishment after debuting in the country three years ago.
The milestone is backed by over PhP 53 billion (~859.4 million) in customer deposits and sustained engagement across the GoTyme Bank ecosystem.
A core driver of the bank’s rapid growth is its integration into users’ daily financial habits. GoTyme was the Most Used Visa Debit Card in the Philippines, based on Visa debit active usage data in 2025.
The bank has also offered free InstaPay transfers from the start (capped at 20 transactions a month) for greater flexibility. There are also more than 160 billers on the app.
Complementing the digital-first infrastructure is an extensive physical network. There are now more than 600 kiosks in major malls nationwide.
Customers can also conveniently deposit and withdraw cash through more than 2,500 Robinsons Retail store lanes. Cash deposit is also allowed through more than 4,500 7-Eleven stores nationwide.
Among GoTyme’s recent offerings is MoreTyme, a flexible, transparent, and easy-to-understand credit solution.
Through Visa, GoTyme also took part in FIFA World Cup 2026 campaigns, with raffle winners being flown to watch the matches live.
-
Automotive6 days agoVinFast debuts two-wheeler models, opens 21 e-motorcycle showrooms
-
Computers1 week agoAMD launches Radeon RX 9050 graphics card
-
Gaming2 weeks agoGod of War Laufey finally confirms its highly anticipated launch date
-
Automotive1 week agoXiaomi debuts SkyNomad Series featuring new Kunlun platform
-
News4 days agoOnePlus officially leaves the United States and Canada
-
Gaming2 weeks agoNBA 2K27 gameplay trailer showcases new dunk mechanics, Rucker Park, and more
-
Gaming7 days agoCall of Duty: Modern Warfare 4 clip shows Losing Ground 1st look
-
Automotive2 weeks agoBYD Atto 2 launches with EV, plug-in hybrid options


