Financial 'supermarket' includes insurance for as low as P150


Posted at Apr 06 2018 10:43 PM

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MANILA - Consumers can easily shop for customized financial products in a one-stop-shop platform designed to provide credit consultation, loans and insurance services to Filipinos, a financial technology executive said on Friday.

"BiteProtect Dengue Insurance" with rates starting at P150, is one of the most popular products of "financial supermarket", JP Elis, group CEO & co-founder of C88 Financial Technologies told ANC.

"We actually think we can design products and we can get them to market very, very fast and we can ultimately offer something that’s incredibly value-added and let’s say, affordable for families also," he said.

The platform offers financial products while helping consumers save money by giving them a chance to compare the best rates available, he said.

"Customers are going online to look for financial products and our friendly properties help them to navigate through that in a simple, easy-to-understand way and ultimately help them make wiser decisions," Elis said. 

Based on their data, most of their customers are first-time workers and young families who are "shopping around and trying to save for a house or build fund for a child’s education," Elis said.

C88 Financial Technologies designs and builds financial technology infrastructure to help advance consumers' financial access.