JAKARTA - In accordance with Cashlez's commitment to be the best partner for Banks / non-banks and the latest integrated business solutions for business actors (“Merchants”), Cashlez is collaborating with Commonwealth Bank to expand access to capital through “CommBank BizLoan” in the Cashlez app.
CommBank BizLoan is an unsecured loan product from Commonwealth Bank to provide business capital loans to Merchants. Merchants who are registered under Cashlez and have met certain criteria will have the opportunity to apply for CommBank Bizloan to develop their business.
Tee Teddy Setiawan as CEO of Cashlez said, "We are working with Commonwealth Bank to develop a productive loan feature without collateral specifically for Cashlez merchants. Through Commbank BizLoan, Cashlez Merchants, especially MSMEs, have the opportunity to get loans ranging from Rp 10 million - Rp 200 million.”
Teddy added that this feature is a form of Cashlez's contribution in providing ease of access not only from the payment acceptance side, but also from the capital side.
Commonwealth Bank Chief of Digital and Strategy Ming Chen explained that this collaboration is a form of Commonwealth Bank support to encourage the sustainable development of Indonesian MSMEs and can contribute greatly to Indonesia's economic growth. (LM)