du Pay has launched Flexi Cash Loan, a digital lending product that offers eligible customers up to AED 5,000 in short-term credit.
The service targets customers with limited access to traditional banking products, including blue-collar workers, expatriates, and young professionals in the UAE.
The company is introducing Flexi Cash Loan in phases, initially making it available to a portion of registered users.
Customers can check their eligibility through the du Pay application, while du Pay disburses approved loans in less than 30 seconds without requiring physical paperwork.
du Pay assesses eligibility based on customers’ usage of its digital wallet for regular financial needs, allowing frequent users to gradually qualify for loans.
The product provides upfront pricing through a fixed one-time fee, with no hidden charges.
“Eligible customers can apply for and receive credit instantly with no paperwork, removing traditional barriers for those with limited credit history,”
said Roberto Mancone, CEO of du Pay.
Expanding beyond payments and remittances, du Pay is using Flexi Cash Loan to introduce more everyday financial services for UAE customers.
The product aims to improve access to short-term credit for individuals who may face challenges when seeking traditional lending options.
Featured image credit: Edited by Fintech News UAE, based on image by atharbashir via Magnific
