Since its April launch, Tala claims to have achieved 1 million wallet users in the Philippines.
The money app for the unbanked made the announcement on Wednesday (Aug. 22), months after it reached 8 million subscribers, and at a time when mobile wallet usage is expanding rapidly.
“The unprecedented adoption of Tala Wallet demonstrates just how valuable our platform has become to millions of people who need instant access to cash and the ability to manage their money in real time every day,” said Jori Pearsall, chief business officer of Tala.
Having secure, flexible, and frictionless access to cash is a game changer for anyone wishing to invest in their family and fulfill their financial goals.
According to the press release, clients in Tala’s primary markets—Kenya, India, Mexico, and the Philippines—can borrow and keep money, pay bills, send and receive cash, and do all of this using just their phones, save them hours of travel time and bank line waiting.
