Axiata’s Aspirasi Rolls Out Consumer Microloans up to RM 2,500 on Lazada

Aspirasi, a digital micro-financing and micro-insurance service provider under Axiata Digital, is now offering a flexible and fully-digital financing solution for online shoppers through Aspirasi CashNow.

Available on e-commerce platform Lazada Malaysia, Aspirasi CashNow is open for application by all Malaysians aged 18 to 65 years old with an active Lazada wallet account.

Aspirasi CashNow is Shariah-compliant and financing amounts start from RM500 up to RM2,500.

Shoppers can apply through the Lazada website or app which reportedly takes only 3 minutes.

Aspirasi said that eligible applicants will receive their funds credited into their Lazada Wallet within 48 hours. They will also receive Aspirasi CashNow Protect, a complimentary micro-insurance coverage that provides accidental death, permanent disablement and online bill protect benefits where terms and conditions apply.

Lazada Malaysia had first partnered with Aspirasi in 2019 to provide financing support to micro-enterprises and SME merchants on the e-commerce platform.

Sheyantha Abeykoon, Executive Director of Aspirasi said,

‘‘This is not the first time Aspirasi and Lazada have teamed up towards driving growth for Malaysia’s digital economy. 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.”

Sherry Tan, Chief Business Officer, Lazada Malaysia said,

“There is a growing popularity of consumers seeking financial flexibility and convenience when shopping online – especially now.

Over the years, we’ve continually invested in bringing quality customer experiences through ease and convenience, and 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.”