GoTyme, foodpanda launch flexible loans to MSMEs

The loans are offered to foodpanda's partner vendors.

GoTyme Bank and foodpanda have teamed up to offer foodpanda's partner vendors with loans.

The loans are available to micro, small, and medium sized enterprises (MSMEs) in the Philippines. The proceeds are expected to be used to fund the MSMEs' working capital needs.

Under the partnereship, GoTyme Bank-- which is one of the Philippines' digital banks-- will streamline the loan application process of foodpanda's MSME partner vendors, and offer loans with flexible repayment options.