GHL Philippines get nod to start lending ops

TheStar Mon, Jul 13, 2020 05:51pm - 3 years View Original


CEO of GHL Group Danny Leong said the Philippines operations was part of the group’s strategy to add value to its merchants in addition to payment services.

KUALA LUMPUR: GHL Systems Bhd’s unit in the Philippines has received the approval from the authorities there to start its lending operations.

The payment services provider said on Monday GHL Philippines Financing Services, Inc had received the relevant certificates.

The lending operations are covered under two laws, namely, Financing Company Act 1998 and Foreign Investment Act 1991.

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