Gen Zs are the generation with the least savings. Given lower access to credit, faced income gaps due to pandemic-induced job losses in the Philippines which prompted them to seek alternative finance methods.
Author: Aleksei Kosenko
Aleksei Kosenko
Aleksei Kosenko is the president of UnaCash, a financial app that provides customized financing solutions for those without easy access to banking services. It partners with merchants to offer "Buy Now, Pay Later" services and provides supply chain financing to small and medium-sized enterprises in the Philippines. Before assuming his current role, he served as the Head of Business Unit for UnaCash’s Buy Now, Pay Later product. With a decade of experience in project management within the technology services industry, Aleksey Kosenko is responsible for driving growth plans across all UnaCash products. He oversees overall operations, sets strategic objectives for teams, and generates innovative ideas to enhance business performance.
We keep hearing the word “phygital” in this post-pandemic reality but what does it really mean? The growth of e-commerce in the Philippines only started going uphill in 2020, its market expected to grow by 22.9 percent at the end of 2023 after rising to 31.3 percent of the year prior, according to the data and analytics firm GlobalData. This will continue to grow at a compound annual growth rate (CAGR) of 11-17% until 2028, caused by the digital acceleration of society in the last three years that definitively altered the financial behavior of Filipinos as online platforms started becoming…
