Buy Now, Pay Later (BNPL) continues to grow in popularity among Filipino consumers, driven by flexible payment options that make purchases more accessible and encourage repeat buying. However, many SMEs and larger businesses still face barriers in adoption due to complex onboarding requirements and manual application processes.
To address this, Skyro has introduced its new Merchant Portal, designed to streamline onboarding and make it easier for businesses to offer installment-based payment solutions.
According to Skyro, merchants that integrate flexible payment options can see sales increases of 20% to 25%, while SMEs offering installment plans experience around 5% growth, with Skyro loans contributing up to 30% of incremental sales.
Simplifying BNPL for merchants
Skyro’s Head of SME, Michael Tabaday, emphasized that offering flexible payment options benefits both businesses and customers. By enabling BNPL or product loans, merchants can improve conversion rates while giving consumers more purchasing power.
He added that Skyro’s onboarding process is designed to be straightforward, with minimal requirements and quick setup—allowing businesses to focus more on sales rather than administrative steps.
Through the new Merchant Portal, businesses can apply online, receive approval within days, and quickly begin offering Skyro installment options in-store and online.
Tools to support business growth
Once onboarded, Skyro partner merchants gain access to a digital dashboard that allows them to track daily loan transactions and sales performance. In addition, they receive marketing support to help promote BNPL offerings and attract more customers.
Each partner is also assigned a dedicated Skyro representative to assist with implementation and business growth.
“Our aim is to help businesses grow and expand,” said Nikita Ananev, Skyro Product Loan Lead. “With our easy onboarding process, businesses can quickly integrate Skyro loans into their offerings while giving customers more flexible ways to shop.”
Growing fintech footprint in the Philippines
Since entering the Philippine market, Skyro has expanded rapidly, building a network of over 8,000 partner merchant stores nationwide and serving more than 600,000 active product loan customers.
The company continues to position itself as a digital lending provider focused on accessibility, customer-centric financial solutions, and retail growth enablement.
Interested businesses can visit Skyro’s Business page to learn more about becoming a partner and begin the application process through its Merchant Portal.
