With Tinder, a dating mobile app, finding your perfect match is as easy as 1-2-3. Simply swipe left or right, depends on your mood, to pick your Tinder match. And if that same person you swiped right matches you, then engaging in conversation for a possible date would be the next step.
MoneyMatch, a peer-to-peer (P2P) lending and borrowing site works just like Tinder. A lender and borrower register on MoneyMatch marketplace website. Once registered, both sides can now look for their possible equal(s) to proceed with their next transactions.
Now this is a new innovation in technology to get a financial loan with just a simple click on your computer. MoneyMatch is an enabler for people who needs loan but don’t have easy access with a lending institution, probably because of the too many documents and requirements needed to be submitted for loans approval. Borrowers also need to face commute hassles like traffics on the road or difficult access to cab rides.
Witu MoneyMatch, borrowers only need to submit their credentials online, post their desired loan, and wait within 24-48 hours until a possible lender finds them.
The mode of loan acquired and mode of payment is coursed to the bank affiliated with MoneyMatch. There is no gateway for loan payout provided for the moment. Lenders and borrowers need to fund their online wallet through PBCom branches to release the loan from the lender and for installment or full payment of the loan borrowed.
Still confused? Think of this transaction like when you’re booking a ride through Grab or Uber app. Once you choose your destination, these ride-sharing platform find you a corresponding driver and onced you are matched, your booking is now in transit. That’s how MoneyMatch P2P lending works.
“MoneyMatch makes lending and borrowing easier and much more convenient. People will have the power to transact without dealing with standard financial institutions, such as banks. With P2P lending, borrower can enjoy much more flexible terms and, lenders are assured that their investment is secure,” explained Jay S. Bautista, MoneyMatch Managing Director.
MoneyMatch is an online P2P lending platform developed by FinTech Global Inc. The platform is designed to benefit both lenders and borrowers, and eliminates physical boundaries in helping them achieve their financial goals. It serves as a convenient and secure marketplace allowing both parties to maximize their financial potential.
MoneyMatch is in line with the goal of the Bangko Sentral ng Pilipinas (BSP) to create a financial system that caters to more sectors of the society.
To know more about MoneyMatch, log on to www.moneymatch.com.ph for more details.
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