Manila, Philippines – Digital consumer finance platform Skyro has rolled out its reusable digital credit line, SkyroCredit, nationwide, making the service available to eligible customers across the Philippines following a pilot program that drew more than 100,000 users.
The company said it is also exploring expansion opportunities in Southeast Asia as it seeks to address financial exclusion in the region.
SkyroCredit is a reusable revolving digital credit line that enables users to access a fixed credit limit through the Skyro mobile application without requiring a physical card or using the Visa or Mastercard payment networks.
Once approved, customers can use their available credit by scanning any QR Ph code, the Philippine QR payment standard, which the company said is accepted at more than 90% of merchant outlets nationwide. Participating merchants include SM, Mercury Drug, Watsons, Jollibee, McDonald’s, and DALI Supermarket.
Customers can borrow against their available credit, repay the amount used, and continue using the same credit limit without submitting a new application.
Nasim Aliev, Co-Founder of Skyro, said, “Our goal is to provide access to affordable credit for underserved communities across Southeast Asia at a time when everyday expenses continue to rise and consumers’ financial priorities are evolving.
“Today’s consumers need financial solutions built around real-life spending needs and changing financial priorities. With SkyroCredit, we bring flexible financial solutions to our customers’ fingertips. The credit line offers all the benefits of flexibility, including an interest-free grace period. This provides customers with maximum convenience for everyday use while even allowing them to save money through cashback.
“By expanding our portfolio of point-of-sale loans, cash loans, and Buy Now, Pay Later (BNPL) products to include flexible credit lines, we are building long-term customer relationships based on everyday use, responsible borrowing, and trust.”
According to the company, eligible customers receive initial credit limits ranging from PHP1,000 to PHP10,000, with the potential to increase their credit limit to as much as PHP100,000 through regular and responsible use.
Purchases made using SkyroCredit carry 0% interest for up to 45 days. Users also earn 1% cashback on every purchase, which can be redeemed for future transactions through the app.
Skyro said the launch of reusable digital credit is intended to support financial inclusion in Southeast Asia by enabling broader access to credit through digital payment infrastructure.
Citing data from the Bangko Sentral ng Pilipinas, the company noted that only around half of Filipino adults have a formal financial account. It added that the continued expansion of QR-based payment networks across the region presents an opportunity to deliver digital credit products to a wider consumer base.
