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The number of served clients significantly increased in Vietnam, Indonesia, and India. Financial lending service Robocash has issued hit $500m of total loans as of Q3, an announcement revealed. Total issued loans skyrocketed 92% YoY during the first nine months of 2019 compared to the same period last year. Robocash shared that it plans to hit another $294m.

Alternative lending has a direct impact on labour productivity. These are the findings of analysts of the financial holding Robocash Group after studying the role of non-bank lending companies in the economy.

In Asia, the use of digital financial services is growing at a tremendous speed. Nonetheless, many users of relevant services are only starting the acquaintance. Consequently, there appear questions which customers address to call centres. Financial holding Robocash Group took a closer look at online lending customers to define whether there is any difference between customers in the emerging Asian markets and developed countries in Europe, by studying questions which customers in…

Our infograph, based on Robocash’s study, outlines countries in South and Southeast Asia that offer the best prospects for online consumer microlending at the moment

With a growing attention to financial inclusion of the population lacking access to finance, countries in South and Southeast Asia are demonstrating the dynamic development of financial services. According to a study by financial holding Robocash Group on the prospects for online micro consumer lending across countries in the region, Laos, India, the Philippines, Myanmar, and Vietnam have taken the highest positions in the company ranking.

Analysts at Robocash Group have defined trends around alternative lending in Southeast Asia in the current year. One of the most significant indicators of the trend is the attention to alternative lending in SEA from local non-financial companies. At the same time, partially facilitated by the sharp tightening of the regulation of P2P lending in China, an increase in the number of players has made governments in Southeast Asia pay…

Gone are days of waiting for months on end to hear back on loan applications, which only had a 50 percent chance, at best, of being approved – Robocash, a financial technology company that provides consumer lending and marketplace funding, claims it can process loans in up to 15 minutes.

Over the past 5 years, countries in Asia have actively promoted the development of this type of service, such as Singapore, Indonesia, Korea or Thailand. Today, modern technology helps financial technology companies (Fintech) connect borrowers directly to lenders, providing alternative lending solutions even when they do not have a credit history. One of such loans in the fintech industry is peer-to-peer (P2P) lending, which allows investors to obtain loans directly from…

As the analysts of Robocash Group found, China, New Zealand and Australia have the highest weight of P2P lending on their domestic economic background in APAC. In particular, they have $18.5, $1.1 and $0.2 made by the segment per every thousand of GDP, respectively. In the mid-term perspective, the countries are expected to keep leading positions in spite of either potential or already occurred regulatory changes.

Over the six years from 2013 to 2018, the average multiplicative contribution of fintech to the growth of per capita income in India amounted to 40 international dollars per year (PPP), the analysts of Robocash Group measured. The analysts found out that the multiplicative effects of fintech have contributed significant 8 percent to an increase in the wealth of Indians.