With the goal of improving access to credit, Lista, the fastest-growing financial management app in the Philippines, announced a partnership with the country’s largest personal finance platform, MoneyMax.
The product of this groundbreaking collaboration is the new Credit Cards feature on the Lista app. It gives users the ability to view curated card offers, compare cards, and easily apply for their preferred card in just a matter of clicks.
Redefining convenience
In today’s economy, credit cards are a convenient way to extend one’s spending capabilities. However, many Filipinos perceive applying for a credit card to be a difficult and stringent affair. Additionally, a recent TransUnion.
Philippines study on local perceptions towards credit found that despite most Filipinos having a general understanding of credit concepts, the penetration rate for credit cards in the country stood at only 25% .
Better access to credit can help foster greater financial inclusion.
The integration of seamless credit card application on the Lista app does away with many of the perceived difficulties in applying for a credit card. Having a side-by-side card comparison feature also makes it easier for users to pick the card that best fits their needs.
These user-centric solutions provide Filipinos better control and convenience over their financial choices – potentially opening greater financial opportunities to more people.
Bridging the gap to financial empowerment
On the significance of the partnership with MoneyMax, Lista co-founder Khriztina Lim said, “Lista was created to provide Filipinos with purpose-driven solutions for their personal and business finances.
Credit plays an important role not only in driving economic growth, but also in helping people purchase goods and services that can change lives for the better. We are excited to work with MoneyMax to streamline the credit card application process through Lista.
Through this partnership, we will utilize technology to bridge the gaps that keep Filipinos from greater financial inclusion – empowering more people to live healthier financial lives.”
Embracing the future of finance
The new Credit Card app feature and the partnership with MoneyMax are the latest milestones in Lista’s commitment to supporting Filipinos throughout each step of their financial journeys.
Users can expect more exciting initiatives to further simplify budgeting, saving, credit, and other aspects of personal financial management to come soon.
