Press room

SINGAPORE-headquartered payday lender Robocash Group is seeking US$5 million to be used as regulatory capital for a thrift banking licence in the Philippines, ahead of plans to go public in Australia.

Faster funds transfer can add up to 0.5% in GDP growth for SEA.About 80% of the population in the Philippines, Vietnam and Indonesia will have made at least one digital payment transaction by 2021, with the share of active users making five or more e-payments per week exceeding 50%, according to a Robocash study.

It seems there’s no end to how far news of the red-hot Australian fintech sector will travel. Robocash has opened a pre-IPO funding round to finance the launch of its neobank in the Philippines. 

The advanced digital infrastructure has become one of the supporting factors for developing countries in Southeast Asia amid the current recession. Analysts of Robocash Group say that the region has approached this downturn in better shape. According to their estimates, Indonesia and the Philippines can achieve 2.2-2.8% of the GDP growth this year, Vietnam – over 4%.

Driving improvements in the digital space, 5G has accelerated financial inclusion in emerging markets in Asia. Analysts of the financial holding Robocash Group forecast that with its help, about 3 million of the unbanked and underbanked will get access to financial services in both Vietnam and the Philippines by 2025. Indonesia will have 9-11 million, and India – 60 million.

Online lending and microfinance have become a multipurpose solution for customers in Asia. These are the findings of an online survey conducted by Robocash Group in the region earlier this year. Remarkably, men and women apply with different needs in mind. However, already 35% of all respondents in India put the online segment in priority.

P2P lending is proving increasingly popular with investors according to a new report released by Croatia-based fully automated P2P platform Robo.cash. It recently completed a survey of European P2P investors dedicated to their financial results in 2019. Over half of the participants said that the alternative lending brought them the highest returns last year. The company expects that despite the coronavirus pandemic, the segment will keep the leading positions in 2020….

Installment consumer lending is one of the most promising segments of alternative finance in Southeast Asia in the coming years. These are the findings of analysts of the financial holding Robocash Group after studying different prerequisites across the region.

India has shown a moderate increase of 7 per cent when it comes to availing online financial services during this period of social distancing, a report has revealed. India is currently going through a 21-day lockdown that was imposed by Narendra Modi-led central government, as part of its plan to battle the novel coronavirus COVID-19.

69% of Vietnamese had a single loan, but only 31% had repeat loans. Fintech loans have become widespread in South Asia and Southeast Asia, where 44% of customers got repeated advances on online platforms in 2019, according to a Robocash study. Vietnam stood out with a 69% share in online fintech loan applications across the region but had the lowest number of repeat customers at 31%, as the service is still relatively…