Lazada shoppers who’d like to stretch their spending limits can now apply for digital financing through Aspirasi CashNow. The service, offered by Axiata Digital’s micro-financing platform Aspirasi, is available to all Malaysians aged 18 to 65 who have an active Lazada Wallet account.
Aspirasi CashNow claims to be Shariah-compliant and provides financing amounts starting from RM500 up to RM2,500, with a low profit rate and monthly installment tenures (terms and conditions apply). Interested shoppers are promised a quick and easy application process that takes about 3 minutes.
Eligible applicants will receive their funds credited into their Lazada Wallet within 48 hours. They will also enjoy Aspirasi CashNow Protect, a complimentary micro-insurance that covers accidental death and permanent disablement as well as reimbursement on online bills (terms and conditions apply).
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This isn’t the first time that Lazada Malaysia and Aspirasi have worked together. In 2019, they teamed up to provide financing support to micro-enterprises and SME merchants on the e-commerce platform. Through Aspirasi, merchants would obtain easy financing with micro-insurance as an optional benefit.
Aspirasi is a platform built by Axiata Digital, itself part of Axiata Group, which is better known for telco subsidiary Celcom.
For more information about Aspirasi CashNow, you can go here.
(Source: Axiata Digital / Lazada.)
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