Billease, a consumer finance and buy now, pay later company in the Philippines, has secured a 500 million pesos (US$7.92 million) credit facility from Philippine Bank of Communications, a Makati-based universal bank, to help fund its peso loan portfolio.

Billease said the facility is backed by a pool of its consumer loans, with security interests registered through the Philippines’ Personal Property Security Registry.

PBCOM joins Rizal Commercial Banking Corporation, RCBC, and Philippine National Bank, or PNB, among Billease’s domestic bank lenders.

The registry records security interests in movable property and helps establish creditor priority under a framework meant to improve access to credit using collateral such as receivables.

A regional research paper said oversight of buy now, pay later services in the Philippines has largely been folded into broader digital finance and consumer credit rules, rather than governed by separate buy now, pay later legislation.

The paper added that scrutiny of over-indebtedness, fee transparency, and suitability checks is increasing across the Association of Southeast Asian Nations.

Billease said FY2025 revenue rose more than 80% to 8.7 billion pesos (US$138 million).

Net profit reached 782 million pesos (US$12.4 million).

🔗 Source: Billease

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