Digital finance platform Skyro has officially launched its reusable digital credit line, SkyroCredit, making it available to all eligible customers across the Philippines. This nationwide rollout follows a highly successful pilot program that attracted over 100,000 users who utilized the service for everyday transactions like groceries and dining. The initiative is strategically designed to enhance financial accessibility for underserved communities by offering a flexible and convenient credit solution through a digital-first approach.
A New Approach to Digital Credit
SkyroCredit operates as a revolving digital credit line, providing users with a fixed credit limit accessible entirely through the Skyro mobile application. This innovative system functions independently of traditional card networks, eliminating the need for a physical plastic card. Instead, it seamlessly integrates with the national QR Ph payment standard, ensuring widespread acceptance at more than 90% of merchant outlets, including major retailers and restaurants.
Incentivizing Responsible Financial Habits
Eligible customers are granted initial credit limits from PHP 1,000 to PHP 10,000, with the potential to increase to PHP 100,000 through responsible use. The service features a compelling 0% interest grace period of up to 45 days on all purchases, providing significant flexibility. Furthermore, users earn 1% cashback on every transaction, an incentive that can be redeemed for future purchases directly within the app.
Addressing Widespread Financial Inclusion
According to Skyro co-founder Nasim Aliev, the company's primary goal is to provide affordable credit to underserved communities, especially as everyday expenses continue to rise. He explained that SkyroCredit is designed to meet modern consumer needs for flexible financial tools built around real-life spending habits. This product expands Skyro's existing offerings to build lasting customer relationships founded on responsible borrowing and trust.
This launch directly addresses a significant opportunity for financial inclusion, as data from the Bangko Sentral ng Pilipinas indicates that only half of Filipino adults hold a formal financial account. By leveraging the expanding QR-based payment infrastructure, Skyro is positioned to deliver accessible digital credit products that meet growing consumer demand. The company's strategy capitalizes on this infrastructure to bridge the gap in financial services for a large portion of the population.
Skyro's Continued Growth and Commitment
Since its launch in 2022, Skyro has established a substantial presence in the Philippines, serving over one million active customers and managing a credit portfolio exceeding US$200 million. The company's rapid growth is highlighted by its disbursement of PHP 15.8 billion in loans in 2025, a 2.6-fold increase from the previous year. This expansion reflects its commitment to responsible lending, further supported by its membership in the FinTech Alliance.PH.
The nationwide introduction of SkyroCredit marks a significant milestone for Skyro, solidifying its position within the competitive Philippine fintech landscape. By offering a practical and rewarding digital credit solution, the company is poised to drive greater financial inclusion and foster responsible borrowing habits. This strategic move not only strengthens its product ecosystem but also signals its broader ambition to expand its innovative financial services across other Southeast Asian markets.