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Robocash Group study: Two-thirds of asians relied on NBFCs and MFIs for first loan

07.02.2020

The new customer survey by the fintech holding, Robocash Group shows that non-bank financial companies (NBFC) and microfinance institutions (MFI) are the first providers of credit for almost every third individual in Asia (31 per cent). Although the primary source of credit is still held by banks, alternative lending is also gaining traction. For example, the survey found that bank loans first were obtained by 41 per cent of respondents in India,…

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Two-thirds Asians Used Fintech Services in 2019 – Study

29.01.2019

Asia is a high-growth market for any fintech company – whether it’s old, or new. With internet technology now reaching even the most rural parts of the region, financial institutions are betting big on fintechs to capture the underbanked market. A recent survey revealed that over 60 per cent Asians applied for loans online at least once in the past year, while 67 per cent used e-payment and digital wallet services…

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To accelerate alternative lending, stakeholders must embrace digital KYC

24.01.2020

ALTERNATIVE lending is a boon for the financial services industry because it means people who don’t have access to traditional institutional financing can now get a loan to support themselves or grow their business. The biggest challenge, however, is vetting the applicants — making sure that they’re real people, despite their lack of documents and credit histories. “If anything, customer verification in this segment and category should be even more comprehensive…

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Robocash study shows older Filipinos are catching up with Fin-tech services

20.01.2020

With the growing penetration of online services in the country, a recent study conducted by the Robocash Group, an international finance company that provides microlending, shows the growing demand of Filipino Gen X and Baby Boomers on fin-tech companies. According to the research, which was compared against the similar trends identified in Southeast and South Asia, the Philippines took the top spot with the highest users on online lending services. The demographics…

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Half of all fintech customers in Asia are married and have kids

24.12.2019

Married people with one or two kids comprise the highest share of customers of fintech lending services in Asia. These are the findings of the financial holding Robocash Group based on a client survey in the Philippines, Vietnam, Indonesia and India. On average, these four markets have 59% married customers, and 49% have 1-2 kids under 18 years old.

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5 Most Prospective Countries for Fintech Microfinance

17.12.2019

Financial services are growing rapidly in South and Southeast Asia. These countries still have many people below the poverty line who have difficulty getting loans. This situation has become a fertile ground for micro- fintech financing. Actually, financial companies are able to disburse financing, but to a certain extent. Therefore there is still ample room for channeling microfinance online.

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Europe’s Robocash raising $5m for P2P investments in Southeast Asia

13.12.2019

The fundraising comes as the European firm said it has integrated its in-house P2P lending platform, Robo.cash, with its Singaporean company, Robocash Pte Ltd, which has been active in the city-state since September 2015 supporting the operating entities of Robocash Group in Southeast Asia.

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4 Trends Shaping the Future of the P2P Lending Regulation in Southeast Asia

12.12.2019

Asian fintech has grown exponentially in the past few years. In particular, Southeast Asia is standing out. As CB Insights revealed, in the third quarter of 2019, SEA set a new annual record with $701 million invested across 87 deals. The active inflow of investments made countries intensify their efforts in the development of fintech ecosystems and the regulatory environment. P2P lending has become one of the key directions in the…

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With age, fintech customers in Vietnam request higher amounts of financing

30.11.2019

The older customers become, the more financing they request when applying to fintech services. These are the findings of the financial holding Robocash Group based on the statistics of customer applications in Asia this year. In particular, with an increase of customers’ age by one year in Vietnam, there is a rise in the average size of requested amounts by 0.3%. Meanwhile, Indonesia has 0.8%, the Philippines and India –…

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Women are the most active fintech users in the Philippines

25.11.2019

Actively managing family budgets in one of the most gender-equal backgrounds, women have formed the largest group of users of online financing tools in the Philippines. According to the financial holding Robocash Group, female customers prevail both in online and offline channels. In 2019, the share of women there has amounted to 70% and 58%, respectively.

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