Updated Cashwagon app brings convenience to mobile lending

The innovative digital platform, Cashwagon, has released an updated version of its mobile application, bringing improved processing speed and a redesigned user interface to provide users with the most convenient path to short-term money lending, provided by Cashwagon local lending partners. 

Cashwagon mobile application, which launched in spring of 2017, has grown at a rapid pace – now operating in five South-East Asian countries and boasting over 1.5 million app downloads. Cashwagon’s success is due to a need for financially underserved populations to have access to innovative solutions to their everyday challenges. “Many of our users have been let down or shut out by traditional banking institutions,” says Cashwagon Sri Lanka CEO Samila Fernando. “We help regular Sri Lankan people get the support that they need for short-term financial needs and emergencies – everything taking place right from their phones anywhere and anytime.” The Cashwagon app leverages Big Data and Artificial Intelligence technology to provide an access to all-in-one short-term lending solution including loan-eligibility, application approval, documentation, and cash disbursal. 

Users need only download the app for free from the Google Play store (and soon from the AppStore), install and complete an application – with the entire process taking less than four minutes. Applicants then wait for a call and approval will be granted just minutes after completion of the application. The Cashwagon app continues to lead the way in convenience but also in security.

 “We take security very seriously, which is why we make use of smart technologies including face recognition to make it as hard as possible for fraud to take place,” says Samila Fernando. 

Cashwagon also builds trust by showing users transparent interest rates and no hidden fees. Completing the customer’s convenience, Cashwagon is translated and customised for local audiences and integrates with push notifications and messaging applications such as WhatsApp. To download Cashwagon app for free and claim a first loan for free (zero interest), please visit URL or search for Cashwagon on the Google Play Store.