Digital micro-financing and micro-insurance service provider, Aspirasi has partnered with e-commerce platform, Lazada to offer flexible financing options through the Aspirasi CashNow initiative.
Available on Lazada Malaysia, Aspirasi CashNow is open for application by all Malaysians aged 18 to 65 years old with an active Lazada Wallet account.
The financing solution is Shariah-compliant and financing amounts start from RM500 up to RM2,500, with low profit rate and convenient monthly installment tenures. Eligible applicants will receive their funds credited into their Lazada Wallet within 48 hours.
The application for the first 1000 will receive Lazada vouchers worth of RM50 and the application will continue to be available even after the first 1000 have been applied.
Additionally, the applicants can obtain the Aspirasi CashNow Protect, a complimentary micro-insurance coverage that provides accidental death, permanent disablement and online bill protect benefits.
The insurance is covered by Great Eastern General Insurance, with a coverage duration of between 6 to 12 months – depending on the applicants’ loan tenure. The insurance provides coverage for accidental death with sum insured of RM2,000, coverage for permanent disablement with sum insured of RM1,000, and reimbursement on online bills of up to RM1,000 for charges incurred on Lazada purchases (granted under selected conditions).
Sheyantha pointed out that Aspirasi supports the government’s aspirations to ensure the digital economy benefits all segments of society.
“The recent launch of the MyDigital initiative reflects the country’s preparedness in undertaking a new and comprehensive approach that enables all Malaysians to benefit from essential digital services like e-commerce, cashless payments, and financial services,” he said.
“We have been providing digital financial support to micro-enterprises and SME merchants on the Lazada platform since Q4 2019.
The introduction of Aspirasi CashNow is an expansion of digital financial services to improve Lazada customers’ connectivity infrastructure with greater digital payment access,” Executive Director of Aspirasi, Sheyantha Abeykoon said.
“Over the years, we have continually invested in bringing quality customer experiences through ease and convenience.
We are pleased to extend our partnership with Aspirasi to provide our shoppers with a variety of payment options and flexible payment alternatives as part of the seamless shopping experience they’ve come to expect from Lazada,” Chief Business Officer of Lazada Malaysia, Sherry Tan added.
Applications have opened and readers can head to https://aspirasi.co/pasar/cashnow-lazada on more information on Aspirasi CashNow.