Filipinos spend big on gadgets — 80% of Skyro loans prove it
With the ‘Ber months’ finally here and Filipinos getting their Christmas gift lists ready, the demand for smartphones and gadgets is expected to reach record highs. Skyro says Filipinos are turning to flexible payment options this ‘Ber month’, with gadgets topping their lists. “Smartphones and gadgets account for roughly 70 to 80% of total demand. These products are essential tools for communication, work, and education,” explained Dmitriy Vavulidi, Head of Product at Skyro, a reliable SEC-registered lending app in the country. Dmitriy also noted that the next categories expected to be in demand include home appliances, followed by lifestyle and personal items such as fashion and beauty products. The increasing sales of these products show how Filipino consumers are embracing flexible payment options, particularly Buy Now, Pay Later (BNPL) offers that make it easier to afford their dream purchases without the upfront cost. But while many call product loans “BNPL,” they a...
