Right time to invest in the Philippines

Many investors are afraid to invest to the Philippines now as it is quite hard to enter the country and partial lockdown is still applied.

Cautious is completely understandable, however there are many reasons to launch an Online Lending in the Philippines in the near future:
-Since middle of August the number of covid cases per day went down gradually from 6k per day to 1,5k per day.
-Many Online Lenders quit the market and will not be back.
-Online transactions through Instapay and Pesopay are free until 31st of Dec, what boosts the usage of online payments.
-Volume of ATM withdrawals dropped by almost 30% for the first 45 days of the enhanced community quarantine. Similarly, the volume of check payments declined by 70%.
-Working from home is tested and successfully implemented.
-Telecommunication companies are working towards better internet connection to facilitate online businesses and work from home mode.

Even though, it is hard to come to the Philippines, there are many other reasons to start thinking about an Online Lending business in the Philippines and Expalux is ready to support with onsite operations management till the boarders are fully opened.