Home Credit PHL sees strongest consumer credit card growth in 2021

Home Credit Philippines received the Highest growth in consumer credit cards in 2021 in recently concluded Visa Annual Awards.

Despite the risks posed by the ongoing global pandemic, Home Credit, the nation’s leading consumer credit technology company, has consistently stood out with an eighty-nine percent (89%) growth in customers from credit cards over 2020. Considered the highest in the industry, among other banks and credit card issuers in the Philippine market, Home Credit’s outstanding performance in 2021 confirms their continued commitment to providing premier products and services. order to all Filipinos.

The credit card market in the Philippines is known to be very competitive and becoming the industry leader is a huge privilege.. We are grateful to Visa for this recognition and the long standing partnership over the years,said Petr Lukosz, CRM Manager of Home Credit Philippines.

Home Credit is the first and only non-banking institution to issue a credit card with the aim of serving the Filipino unbanked market since 2018. As a pioneer in consumer finance and the buy now pay later space , the company is constantly innovating to support Filipinos. easily paying for their daily shopping and expense needs. Along with this, they also introduced the first QR-enabled credit card to provide a secure, contactless and cardless payment option to their consumers just over a year ago.

Compared to the previous year, the company saw an even greater increase in the volume of mobile payment and credit card usage among its customers in 2021.

We believe that the growth in our credit card spending is largely driven by our consumers’ ability to adapt to a more digital, secure and flexible way to pay for their everyday transactions. The majority of our customers have used their card for at least 6 consecutive months and made a minimum of 7 transactions during that time,” Lukosz noted.

He also added that Home Credit’s ongoing efforts to educate the public on the benefits of using cashless or digital payments, such as credit cards, will continue as they happily take on the role of trusted consumer partner. Filipinos for their buy now, pay later purchases and other financial needs.

With the Home Credit Card, cardholders can enjoy exclusive perks and benefits such as special rewards and promotions, low interest charges, and no additional charges for paying bills. For more details, go to https://homecredit.ph/credit-card/.