du Pay has launched Flexi Cash Loan, a short-term digital lending product offering eligible customers up to AED 5,000 in credit in the UAE.
The service targets customers who may have limited access to traditional banking products, including blue-collar workers, expatriates and young professionals. It is being introduced in phases, initially to a portion of du Pay’s registered users.
Customers can check their eligibility through the du Pay app. Approved loans are disbursed in less than 30 seconds without physical paperwork, according to the company.
Eligibility is assessed partly through customers’ use of the du Pay digital wallet for regular financial needs, with frequent users able to gradually qualify for loans. The product uses a fixed one-time fee and does not include hidden charges.
Roberto Mancone, CEO of du Pay, said the service is designed to remove traditional barriers for customers with limited credit histories. The launch expands du Pay’s offering beyond payments and remittances into everyday financial services.
Source: Fintech News UAE
