Plentina and National Book Store launched its Buy-Now-Pay-Later (BNPL) program, open to all Filipinos throughout the country. All National Book Store customers above 18 years old are qualified to open a Plentina account where they can avail of the BNPL program for National Book Store. This gives the ability for customers to purchase goods inside of National Book Store on credit even without a credit card.
“This is a game-changing expansion of our flexible payment options,” said Xandra Ramos-Padilla, National Book Store Group Managing Director. “Not only for National Book Store but also for our ‘Laking National’ customers. We always strive to make our books and supplies more accessible to the public, especially at this time. With Plentina’s Buy-Now-Pay-Later program, more Filipinos can shop safely and easily from National Book Store and make the most of their budget, especially for the back to school season.”
Opening a Plentina account is easy and frictionless. Filipinos can download the Plentina app from the Google Play Store, fill out the customer information form, and present one government ID. The entire process only takes about 5 minutes. Plentina will also process the customer’s credit assessment and verify their identity within that time. Upon verification, customers can automatically use their Plentina voucher to purchase from any National Book Store branch, nationwide.
“It has always been our goal to unlock the potential of Filipinos through a digital-first financial service infrastructure. Through partnership with large-scale merchants like National Book Store, we are able to provide fast and convenient financial services. This is a huge leap forward for Plentina and BNPL in the Philippines. With this partnership, we hope to reach more Filipinos and enable their financial capacity,” said Earl Valencia, Chief Business Officer & Co-Founder of Plentina.
Plentina is one of the leading fintech companies in the country and recently announced that they have already crossed 50,000 downloads, partnering with national retailers such as 7-Eleven Philippines, Smart Communications, and Agoda. Last April, they announced their multi-million dollar seed funding round led by top Silicon Valley and local investors as one of the largest seed rounds for any Filipino-led start-up focused on the Philippines and the region.
We unlock financial services for the emerging middle class using machine learning algorithms. Plentina builds an alternative credit score and provides store credit financing to Filipinos so that they can buy essentials like food, medicine, groceries, and school supplies.
Download the Plentina app at the Google Play Store: https://play.google.com/store/apps/details?id=com.plentina.app&hl=en&gl=US