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By Nitya Chakraborty India is hosting the 18th BRICS Summit in New Delhi on September 12 and 13 this year which carries unusual significance in the present changing landscape of the geopolitics in the Indo-Pacific as also in other parts of the world. Most importantly, Chinese President Xi Jinping and the Russian President Vladimir Putin […]

The article Narendra Modi Has A Golden Opportunity To Lead Global South At BRICS Summit appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).

Trump announced that generic drugs entering the United States would remain free of import duties until August 1, 2028. A tariff of 100% would then apply for one year, followed by a 200% levy from August 2029. The proposed schedule extends Washington’s pharmaceutical reshoring campaign beyond patented and branded medicines, which were targeted earlier.

India faces the greatest exposure because the United States is its largest pharmaceutical export market. Drug exports to the country were valued at about $9.7 billion in 2025, representing roughly 38% of total pharmaceutical shipments worth $25.8 billion.

The policy nevertheless does not automatically remove the price advantage enjoyed by manufacturers such as Sun Pharmaceutical Industries, Dr Reddy’s Laboratories, Aurobindo Pharma, Cipla, Lupin and Zydus Lifesciences. Many generic medicines produced in India are priced seven to 10 times below branded alternatives, leaving room for some products to remain competitive even after steep duties.

A medicine imported for $10 would cost $30 after a 200% tariff, excluding distribution and retail charges. It could still undercut a branded equivalent priced at $70 or $100. The calculation is less favourable for commodity generics, where several manufacturers compete on narrow margins and buyers demand the lowest possible price.

Generic medicines account for more than 90% of prescriptions dispensed in the United States but less than 13% of prescription-drug spending. That imbalance reflects their importance to American healthcare as well as the pressure placed on manufacturers by pharmacy chains, wholesalers, insurers and purchasing organisations.

The United States imported pharmaceutical products valued at about $213 billion in 2025. Finished medicines sold in retail packaging, including generic products, accounted for about $94.1 billion. Replacing those imports would require extensive investment, specialised workers, regulatory approvals and dependable supplies of active pharmaceutical ingredients.

Building a pharmaceutical plant can take several years. Companies must install production lines, validate manufacturing processes and secure approval from the US Food and Drug Administration before commercial sales begin. Each medicine may also require separate technical submissions and inspections, complicating attempts to shift large portfolios within the two-year exemption period.

Several major drugmakers have already established manufacturing or research operations in the United States, providing limited protection against future tariffs. Companies may expand those facilities, acquire local plants or transfer selected high-volume products while continuing to manufacture lower-margin medicines overseas.

The tariff could affect businesses unevenly. Manufacturers with specialised generics, injectable drugs, inhalers and complex formulations may have greater pricing power. Producers dependent on crowded categories such as basic tablets and capsules could face heavier pressure because customers can switch suppliers more easily.

Shares of leading pharmaceutical companies fell after the announcement, with some declining by more than 3% during Wednesday’s trading. The reaction reflected concern over long-term earnings rather than an immediate change in export conditions, as the duty-free window remains open for two years.

Implementation is also uncertain. Trump disclosed the schedule through a social-media statement, but no detailed executive order or customs framework had been issued. The administration must still clarify whether exemptions will be available for companies building factories, medicines facing shortages, critical hospital products or imports from countries covered by trade agreements.

Industry participants are expected to seek exclusions for essential medicines, arguing that tariffs could raise treatment costs and deepen shortages. The American generic-drug market has already faced supply disruptions linked to plant closures, quality failures and unsustainable pricing. Higher import costs could encourage some manufacturers to withdraw products rather than invest in additional capacity.

Washington’s strategy also faces a supply-chain constraint beyond finished medicines. A large portion of the active ingredients and chemical intermediates used by global manufacturers originates in China. Moving final production to the United States without diversifying those inputs would provide only partial protection against overseas disruption.

Drugmakers in India now have until August 2028 to adjust their production networks, negotiate with customers and identify medicines capable of absorbing higher duties. Expansion into Europe, Africa, Latin America and other regulated markets could reduce dependence on the United States, although none offers comparable scale.

Release of Phased Achievements of the National Pilot Base for AI Application (Financial Sector) Held Alongside the Conference

SHANGHAI, CHINA – Media OutReach Newswire – 20 July 2026 – On 17 July, the 2026 World Artificial Intelligence Conference (WAIC) officially opened in Shanghai. UnionPay unveiled three proprietary AI technologies developed for the financial sector at the Shanghai exhibition area: financial transaction time-series foundation model, the Agentic Payment Open Protocol (APOP) framework, and a privacy-preserving large language model inference solution. As the AI era unfolds, the showcase highlights UnionPay’s continued commitment to accelerating the adoption of digital and intelligent technologies.

On 18 July, UnionPay hosted the Release of Phased Achievements of the National Pilot Base for AI Application (Financial Sector) at the UnionPay Center alongside WAIC 2026. The event brought together more than 100 representatives from commercial banks, Chinese and international partners, leading technology companies, academia, and research institutions. During the event, UnionPay released its “1+6+N” AI achievements framework, announced a series of industry partnerships, and launched a joint initiative calling for greater collaboration on the development and governance of the financial industry. These achievements demonstrate the progress of the National AI Application Pilot Base in building an open innovation platform that accelerates AI adoption across the industry.

Dong Junfeng, Chairman of China UnionPay and UnionPay International, attended the event and delivered a keynote speech. He noted that AI is rapidly reshaping the financial industry. Since the National AI Application Pilot Base was launched in 2025, it has delivered a number of meaningful outcomes through close collaboration across the industry. Mr. Dong elaborated on the vision for the development of the base from through three dimensions: sharing, collaborative governance, and mutual benefits. First, by pooling computing resources, data and models on a centralized public platform, the base helps address industry challenges such as the high cost of computing resources and data silos. This lowers barriers to AI adoption across the financial sector. Second, the base has strengthened AI security by building robust safeguards for large language models and applying AI to enhance transaction risk management and cybersecurity. Such efforts are made to support a safer and more resilient financial ecosystem. Third, the base is accelerating the AI adoption across real-world use cases. It has incubated a range of commercial AI solutions spanning agentic payments, credit risk management, consumption promotion and merchant digital transformation, turning technological innovation into tangible business value. Looking ahead, the future of AI + Finance holds enormous potential. UnionPay looks forward to working with partners across industries to build an open, shared, and well-governed financial AI ecosystem that supports the development of new productive forces through technological innovation.

A highlight of the event was the official launch of UnionPay’s “1+6+N” AI achievements framework.

The “1” represents a unified portal—the National AI Application Pilot Base. Built on a “One Portal, Six Centers” structure, it integrates six specialized centers covering models, datasets, applications, talent development, supply-demand matching, and financial services. Together, the platform currently hosts 11 models, 14 datasets, 59 demonstration applications, and 61 service offerings, bringing together 145 core resources in total.

The “6” refers to six independent and controllable capabilities, including computing resources scheduling through a trusted intelligent computing sharing platform, high-quality financial datasets, finance-specific foundation models, AI-powered financial security services, financial AI standards, and a pilot testing sandbox that supports model training and evaluation. Together, these six capabilities form the base’s shared technology foundation, providing ecosystem partners with the core technical infrastructure.

The “N” represents a portfolio of benchmark use cases, standardized AI solutions, and demonstration applications built on this technology foundation. These applications span five key areas—intelligent payments, inclusive finance, consumption growth, risk management and compliance, and operational excellence—building a multi-tier product portfolio serving consumers, merchants, local governments and financial institutions. This accelerates the application of AI capabilities across diverse use cases.

Together, the “1+6+N” framework of the base connects computing power, data, models, and use cases and forms an end-to-end value chain. By addressing common industry challenges—including limited computing resources, data silos and the high cost of AI deployment—it delivers standardized and widely accessible AI capabilities, providing the financial industry with reusable, highly secure and one-stop AI solutions for intelligent transformation. This also reflects UnionPay’s commitment not only to driving its own business growth, but also to enabling the industry through foundational capabilities and reinforcing financial infrastructure for the AI era.

These achievements have already been made available to industry partners and are beginning to create value. For banks, acquirers and other financial institutions, UnionPay’s shared infrastructure enables rapid access to mature financial AI capabilities without the need to build systems from scratch, significantly reducing both technical barriers and implementation costs. For merchants, UnionPay offers AI-powered marketing, digital analytics and intelligent risk management tools to support smarter operations, improve customer engagement and enhance operational efficiency, enabling even small and medium-sized businesses to benefit from AI innovation. For technology companies and other ecosystem partners, the base enables partners to rapidly adapt AI products for financial applications and complete compliance validation, accelerating the commercialization of technological innovations.

The event also featured six rounds of partnership signing ceremonies, covering areas including AI-themed card, cross-border agentic payment ecosystem development, AI-powered operational empowerment for merchants, joint commercialization of pilot base innovations, and broader ecosystem collaboration across the financial industry chain.

Following the signing ceremonies, UnionPay released the Initiative on the Collaborative Development and Governance of AI Applications in Financial Services, with representatives from participating organizations joining the stage to witness its launch. Building on the “1+6+N” framework, the initiative calls on industry stakeholders to collaborate in four areas: First, advancing trusted AI systems that serve the real economy by establishing governance mechanisms for traceable and explainable algorithms while safeguarding data privacy and security; Second, strengthening collaboration among industry, academia, research institutions and users, leveraging the base to jointly advance core technologies and develop independent and secure financial AI infrastructure; Third, promoting openness and inclusiveness by sharing mature AI models, testing services and implementation solutions to reduce the cost of intelligent transformation, particularly for SMEs; Fourth, improving lifecycle governance through tiered risk management, enhanced compliance standards and coordinated risk prevention. The initiative calls on all industry stakeholders to work together by jointly strengthening the foundation, unlocking greater value through shared capabilities, and reinforcing collaborative governance, with the goal of advancing the sound development of AI in the financial sector and driving digital finance through technological innovation.

Hashtag: #UnionPay

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Under the agreement, Bespoke Logistics will operate an integrated mobility processing center and VinFast-authorized service workshop, responsible for warehousing, vehicle inspection, technical preparation of electric motorcycles prior to delivery, vehicle yard management, and transportation. Located in Carmona City, Cavite Province, the 20,000-square-meter facility has a storage capacity of up to 30,000 vehicles, helping streamline vehicle preparation, improve operational efficiency, and ensure product quality before delivery to customers.

As part of the partnership, VinFast will work closely with Bespoke Logistics to implement technician training and certification programs, transfer standardized operating procedures and quality control processes, and establish a parts supply system to support aftersales operations.

Bespoke Logistics specializes in automotive logistics, offering an end-to-end service portfolio that includes pre-delivery inspection (PDI), warehousing, vehicle yard management, transportation, and vehicle delivery. The company also has extensive experience in warehouse-based technical operations and modern vehicle and inventory management systems, serving as a trusted logistics partner for multiple automotive brands in the Philippines.

Partnering with experienced local companies such as Bespoke Logistics will not only strengthen VinFast’s logistics and service capabilities in the Philippines but also provide a strong operational foundation for the delivery of its first electric motorcycles to customers.

The agreement forms part of VinFast’s long-term strategy to develop a comprehensive, international-standard electric motorcycle ecosystem in the Philippines. Alongside the launch of its diverse lineup of battery-swapping electric motorcycles, VinFast is steadily expanding its distribution network, aftersales services, and battery swapping infrastructure to deliver a seamless, convenient, and reliable ownership experience for customers.

Mr. Bui Viet Hung, VinFast Deputy CEO of Global Aftersales Service, said: “At VinFast, world-class products must be supported by robust infrastructure and exceptional aftersales services. Our partnership with Bespoke Logistics is a key milestone in strengthening our distribution and aftersales capabilities in line with global standards, ensuring that customers in the Philippines enjoy high quality products and services from day one of ownership.”

Mr. Allan A. Mina, President and CEO of Bespoke Logistics said: “We are proud to partner with VinFast as it develops its electric motorcycle ecosystem in the Philippines. We are committed to operating the facility in accordance with VinFast’s international standards while continuously enhancing our team’s capabilities and operational processes to support the brand’s long-term growth in the market.”

Over the past few years, VinFast has steadily built a green mobility ecosystem across the Philippines, Indonesia, India, and other international markets through strategic partnerships with local companies and ecosystem partners such as Green GSM and V-Green. In addition to electric motorcycles, VinFast is expanding its product portfolio to include electric cars, electric bicycles, and electric buses, providing consumers with more sustainable mobility options while accelerating the global transition to greener transportation.

Hashtag: #VinFast

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About About VinFast

VinFast (NASDAQ: VFS), a subsidiary of Vingroup JSC, one of Vietnam’s largest conglomerates, is a pure-play electric vehicle (“EV”) company with the mission of making EVs accessible to everyone. VinFast’s product lineup today includes a wide range of electric SUVs, e-scooters, and e-buses.

VinFast is currently embarking on its next growth phase through rapid expansion of its distribution and dealership network globally while expanding its production footprint with a focus on key markets across North America, Europe, the Middle East and Asia.

Learn more at: https://vinfastauto.ph/

About Bespoke Logistics

Bespoke Logistics is a Philippine-based automotive logistics, warehousing, and mobility solutions company specializing in vehicle processing, stockyard management, electric vehicle support services, transportation, and distribution.

Through its Mobility Processing Center platform, Bespoke Logistics provides integrated solutions for automotive manufacturers, distributors, and emerging mobility brands operating in the Philippines.

Dr. Benson Wu, CEO and Co-Founder of CyCraft, stated: “We believe, being listed as a Sample Providerin the Gartner report demonstrates that the global market now views AI security as the next battlefield for AI commercialization. From day one, CyCraft has developed proprietary models, simultaneously deploying AI reasoning capabilities across three core pillars: cybersecurity defense, AI governance, and unmanned vehicle reconnaissance. Technical leadership is our starting point, not the destination. Our goal is to translate this leadership into rapid growth driven by strategic deployment and disciplined execution. Launched this year, our AI Red Teaming and AI Guardrail solutions have already been productized and commercially shipped, seeing active deployment in sectors like semiconductors and sovereign AI.”

AI Reasoning Models Drive Up Operating Costs, Restructuring Profit Logic

As AI transitions from “training models” to “reasoning models,” the industry officially moves from the research and development phase into commercial application. Reasoning models possess logical deduction, self-reflection, and complex problem-solving capabilities. However, these advanced capabilities have caused AI operational costs to skyrocket, forcing the tech industry to redefine its expectations of AI as a tool for massive cost reduction and profit maximization.

CyCraft’s XCockpit Threat Exposure Management Platform features built-in AI reasoning models that triage thousands of alerts in real time, automatically providing mitigation recommendations and effectively eliminating alert fatigue. From overall security posture scoring to specific actionable tickets for individual alerts, XCockpit transforms defensive benefits—which were historically difficult to define—into concrete, quantifiable technical metrics. This embodies CyCraft’s pragmatic philosophy: the value of defense must be visible, and it must be measurable.

Standing at the Frontier of AI Security, CyCraft Advances Commercial Implementation with Profound R&D Momentum

Deeply integrating AI with cybersecurity, CyCraft has launched XecGuard and XecART—two major AI security products deployable across both cloud and on-premises environments, both featured on the OWASP AI Security Map. These solutions directly address the core pain points of Agentic AI, LLM, and GenAI applications. XecART utilizes Agentic Red Teaming to run multi-round stress tests on models, identifying risks and generating compliance reports that adhere to international standards. Meanwhile, XecGuard acts as a real-time Guardrail for LLMs and AI Agents, intercepting anomalous inputs and outputs. One solves “how to stress-test AI,” while the other solves “how to protect AI,” providing the fundamental AI governance for enterprises.

CyCraft’s research achievements are equally outstanding. The CyCraft research team recently presented at the International Conference on Machine Learning (ICML), one of the world’s top three prestigious academic conferences for AI and machine learning. The research focused on Retrieval-Augmented Generation (RAG) Data Poisoning. Utilizing their self-developed “Eyes-on-Me” attack framework, the team proved that attacks can simultaneously breach both the retrieval and generation phases. The end-to-end average attack success rate surged from 21.9% to 57.8%. This breakthrough exposed a long-neglected vulnerable attack surface existing between “attention focus” and “model output.”

In 2025, the CyCraft research team was also selected for NeurIPS, one of the most iconic academic sanctuaries in the AI field. The team proposed an innovative “unified supervision framework” that embeds verifiable checkers into synthesized instruction-conflict instances, enabling self-supervised learning without requiring oracle labels or reasoning traces. This framework not only applies to different models but also significantly enhances both safety robustness and instruction adherence.

CyCraft believes that as AI moves from R&D to commercial deployment, the barrier for enterprises is no longer “whether they can use AI,” but “whether they can use AI responsibly.” Once Agentic AI enters financial transactions, government services, or critical infrastructure, every autonomous decision must leave a traceable path, accept auditing, and allow for real-time human intervention when necessary. This is true AI governance. It is not a compliance document, but a complete control chain stretching from pre-launch to runtime, and onto post-incident traceability.

CyCraft deconstructs this control chain into three actionable phases: XecART stress-tests model risks before deployment; XecGuard safeguards inputs and outputs during runtime; XCockpit quantifies the overall risk posture into traceable metrics. Interlocking these three components ensures that every step AI takes is visible, manageable, and auditable. CyCraft’s objective is clear: make AI behavior measurable before its value can be priced. Ultimate technical leadership must be converted into commercial resilience that is governable, auditable, and open to investor scrutiny.

The technological revolution of AI Reasoning Models and Agentic AI is an undeniable reality. The ultimate challenge lies in whether enterprises can implement “controllable, auditable, and highly transparent” AI governance within real-world commercial environments. From being recognized in international research reports to taking the stage at top-tier academic conferences, CyCraft continues to prove that from visionary R&D to product commercialization, Taiwan’s AI cybersecurity prowess helps herald the future of a secure, trusted, and prosperous AI era.

Reports
Gartner, Emerging Tech: AI Vendor Race: Reasoning Models Reshape Providers’ Approaches to AI Pricing, 5 June 2026.

Disclaimer
Gartner does not endorse any company, vendor, product or service depicted in its publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner publications consist of the opinions of Gartner’s business and technology insights organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this publication, including any warranties of merchantability or fitness for a particular purpose. GARTNER is a trademark of Gartner, Inc. and its affiliates.

Hashtag: #CyCraftTechnology

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About CyCraft

• Revenue increased to US$113.2 million (up 23.8% YoY), driven by the 2 January 2026 acquisition of the Active Apparel Group Pty Ltd and Active Apparel Group (America) LLC (“AAG”) business which is now successfully integrated into the Group’s platform
• Net profit grew to US$ 5.4 million representing a 1.8% increase YoY, after absorbing one-off integration costs arising from the AAG acquisition

STRATEGIC DEVELOPMENT

• Deployed proprietary Product Lifecycle Management (“PLM”) system and in-house AI engine, advancing our transformation into a tech-enabled apparel platform and driving greater operating leverage

SHAREHOLDER RETURNS

• Interim dividend maintained at HK3.0 cents per share, reflecting confidence in cash generation

HONG KONG SAR – Media OutReach Newswire – 13 July 2026 – Lever Style Corporation (HKEX: 1346, “Lever Style”), the world’s premier apparel production platform, today reported financial results for the six months ended 30 June 2026.

For the first half of 2026, Lever Style recorded a return to top-line growth. Following a defensive strategy in 2025 aimed at managing credit risk, the Group recorded total revenue of US$113.2 million, representing a 23.8% increase compared to the same period last year. “This revenue expansion was driven by the 2 January 2026 acquisition of the AAG business, which has now been integrated into our operating platform, providing a broader foundation for our growth trajectory.” said William Tan, CEO of Lever Style.

Navigating Integration for Long-Term Value

“While revenue expanded substantially, net profit for the period grew to US$5.4 million, representing a by 1.8% increase, compared to the first half of 2025. This short-term pressure on our bottom line reflects one-off, upfront integration costs. These primarily included temporary staff duplication costs as we merged workflows, systems, and personnel. We regard these transitional costs as necessary investments to secure the structural, long-term profitability of the acquired business.” Mr. Tan added.

With the integration phase now largely completed, the group’s cost structure is better optimized, and the group will enjoy the operating leverage that enhanced scale provides.

Strategic Technology & In-House AI Solutions

The group’s platform-based strategy continues to progress, converting its operational capabilities from a traditional apparel supplier into a tech-enabled enterprise. During the period under review, Lever Style successfully developed and deployed its own PLM system, among other solutions. These internal enterprise systems are designed to enhance workflow transparency, accelerate speed-to-market, and reduce waste across the group’s asset-light supply chain.

Capitalizing on its expanding internal R&D capabilities, the group has also customized AI solutions to fit its specific business model. Rather than relying on generic off-the-shelf software, these proprietary tools support day-to-day merchandiser productivity and factory coordination, reinforcing Lever Style’s long-term competitive advantage.

Market Outlook: Premium Resilience in a K-Shaped Economy

“The US market—our primary market—has proven surprisingly resilient through the first half of 2026. However, underneath the headline figures lies a visible ‘K-shaped’ economic split: a highly promotional and pressured middle market where retail liquidity remains tight and consumers are value-sensitive, and a premium/affluent tier of high-income consumers whose discretionary spending remains relatively stable, sustaining steady demand for premium products and services.” Stanley Szeto, Executive Chairman of Lever Style, commented.

Lever Style remains largely insulated from mass-market volatility due to its focus on upscale designers and premium fashion brands. Because the group’s brand portfolio aligns with this more resilient premium sector of the market, it remains well-positioned to navigate current economic conditions.

Future Prospects & Financial Synergies

Looking toward the second half of 2026 and into 2027, the group’s strategic roadmap focuses on three primary operational and financial levers:

• AAG Bottom-Line Contribution: With major integration headwinds resolved, the AAG activewear business is expected to start contributing to the bottom line in H2 2026, with net profit margins of this business targeted to improve steadily, with the aim of approaching the margin profile of Lever Style’s legacy business in 2027.
• Targeting Operating Leverage: As expanded volume is funneled through the group’s upgraded digital platform, Lever Style is targeting synergies from operating leverage across its vendor network, allowing fixed overheads to be managed more efficiently.
• Pursuing M&A Opportunities: By integrating the AAG business, Lever Style has demonstrated the scalability of its own platform. Consequently, the group remains active in evaluating a pipeline of further value-accretive acquisitions to expand its product capabilities and geographical production footprint.

“The Group has completed the primary phases of integration, upgraded its technology base, and remains aligned with the more resilient segments of consumer demand. The Board remains confident in our underlying business model and our ability to deliver long-term value to shareholders.” Mr. Szeto concluded.

For more details, please visit: https://www1.hkexnews.hk/listedco/listconews/sehk/2026/0713/2026071300602.pdf

Hashtag: #LeverStyle

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Lever Style Corporation

Listed on the Hong Kong Stock Exchange, Lever Style (HKEX 1346) is the world’s premier apparel production platform for premium contemporary and designer brands such as Alexander Wang, Theory, Todd Snyder, and Aimé Leon Dore; active and performance brands such as Arc’teryx, Columbia Sportswear, Helly Hansen, Spanx, Skims, and J.Lindeberg; and digitally native brands and platforms such as Mizzen+ Main and Bonobos.

Our supply chain solutions encompass fashion design, prototype development, raw material procurement, production, quality control, and logistics. Our innovative, modularized multi-country platform delivers high-mix, low-volume orders and reduces excess inventory and stockouts. Our versatile approach is rooted in decades of technical expertise gained from working with many of the world’s highest-quality and most demanding brands. We support production for 175 brands through a network of more than 150 factories across eight countries: Vietnam, China, Indonesia, Bangladesh, Cambodia, Sri Lanka, India and Thailand. A certified B Corp, Lever Style is a committed ESG leader in the apparel production sector.

SkyroCredit is a reusable, revolving digital credit line that provides access to a fixed credit limit without a plastic and without relying on the Visa or Mastercard networks. Once approved, a customer’s credit is available within the Skyro app and can be used instantly by scanning any QR Ph code, the Philippine QR payment standard accepted at more than 90% of merchant outlets nationwide. Leading merchants include SM, Mercury Drug, Watsons, Jollibee, McDonald’s, and DALI Supermarket. Customers can borrow, repay the amount they have used, and reuse the same credit limit without reapplying.

NasimAliev, Skyro co-founder, said:
“Our goal is to provide access to affordable credit for underserved communities across Southeast Asia at a time when everyday expenses continue to rise and consumers’ financial priorities are evolving.

“Today’s consumers need financial solutions built around real-life spending needs and changing financial priorities. With SkyroCredit, we bring flexible financial solutions to our customers’ fingertips. The credit line offers all the benefits of flexibility, including an interest-free grace period. This provides customers with maximum convenience for everyday use while even allowing them to save money through cashback.

“By expanding our portfolio of point-of-sale loans, cash loans, and Buy Now, Pay Later (BNPL) products to include flexible credit lines, we are building long-term customer relationships based on everyday use, responsible borrowing, and trust.”

Eligible customers receive initial credit limits of PHP 1,000 to PHP 10,000 (approximately USD 17 to USD 170), with the opportunity to increase their limit to as much as PHP 100,000 through regular, responsible use. Purchases carry 0% interest for up to 45 days. Every purchase also earns 1% cashback, which customers can redeem on future purchases through the app.

Skyro’s expansion into reusable digital credit addresses one of Southeast Asia’s largest financial inclusion opportunities by enabling sustained customer engagement. According to the Bangko Sentral ng Pilipinas, the central bank of the Philippines, only half of Filipino adults have a formal financial account. As QR-based payment networks continue to expand across the region, Skyro can leverage this infrastructure to deliver accessible digital credit products that meet growing consumer demand.

Hashtag: #Skyro #SkyroCredit #DigitalCredit

The issuer is solely responsible for the content of this announcement.

About Skyro

Skyro is a high-growth, digital-first fintech group delivering scalable, responsible access to financial services across high-potential emerging markets. Powered by proprietary data science, AI-driven credit decisioning and alternative data scoring, the company combines a mobile-native experience with modular fintech architecture to serve underserved customer segments at scale.

In just three years, Skyro has grown to serve over one million active customers in the Philippines, underpinned by a robust credit portfolio exceeding $200 million. The company’s strategic ambition is to establish itself as the preeminent full-spectrum financial services group across dozens of emerging markets worldwide.