From click to partner: Skyro helps businesses grow faster by up to 5x

There’s a reason why Buy Now, Pay Later (BNPL) is so popular among Filipinos. Flexible payment options drive more sales and keep customers coming back. But for small and medium-sized enterprises (SMEs) and big businesses, the application process isn’t always simple. Lengthy requirements and manual steps can turn off business owners before they even start. That’s where Skyro’s new Merchant Portal changes the game.

Businesses that partner with Skyro can offer flexible payment options, achieving as much as a 20% to 25% increase in sales. Meanwhile, small and medium-sized businesses that offer installment payment options to their customers experience as much as 5% growth, with Skyro loans making up at least 30% of that increase.

“Giving customers access to different payment options, be it in the form of loans or buy-now-pay-later (BNPL), is a win-win proposition both for the customers and for the business,” explained Michael Tabaday, Head of SME for Skyro, an SEC-registered fintech lending company in the country. Tabaday adds that in most cases, as much as 30% of sales growth reported by their partner merchants comes from sales paid through product loans or BNPL.

Partnering with a loan provider like Skyro is a practical business decision because it does not require a hard setup. With fewer requirements and simple installation steps, Skyro makes the journey easy for its partner merchants so they can focus on selling while Skyro helps them grow the business, both in-store and online.

Recently, the company has made it even faster and easier for small and medium-sized businesses as well as big retailers to become a Skyro partner through its online Merchant Portal. All they need to do is visit the Business page, and click “Become a Partner!” After applying, they will receive the results within a few days. Once approved, they can officially start their journey as a Skyro partner.

As a Skyro partner merchant, in-store and online businesses can offer light payment options to customers through small, monthly installments. “Our trusted partners have seen real results. Apart from repeat customer visits, they have also enjoyed more sales through Skyro’s flexible financing options,” shares Tabaday.

Aside from giving their customers access to different payment options, Skyro partner merchants can track daily loan transactions and sales through an online dashboard. They will also be given marketing support to promote BNPL and reach more customers. A Skyro sales representative and agent will be assigned to help with their growth.

“Our aim is to help businesses grow and expand. With our easy onboarding process, businesses can easily offer Skyro loans as part of their offerings, helping them grow while giving customers a more flexible way to shop,” shared Nikita Ananev, Skyro Product Loan Lead.

Since Skyro’s introduction in the Philippines, it has quickly earned a reputation for its digital financial services built around customers’ needs. It is now present in over 9,000 partner merchant stores nationwide with more than 600,000 active product loan customers.

Visit Skyro’s Business page to know more about how to become a Skyro partner. Download the app for free on Apple Store for iPhone users and Google Play for Android users or visit Skyro and follow its social media accounts, Facebook, Instagram, LinkedIn, and TikTok.