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Fintech adds 8% to the welfare of Indians, says study

19.09.2019

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.

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A third of Indians are constantly short of money and 88% admit that they lack financial literacy

10.09.2019

Financial literacy is as important as it is to earn well. However, Indians seem to be facing difficulty in planning their personal budgets. According to a customer survey done by financial group Robocash Group, roughly one-third (30%) of Indians fall short of money every now and then. Also, close to 88% respondents of the survey feel that the gaps in their personal budget is due to the lack of financial knowledge.

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Online Customers in Asia prefer Asian-made Gadgets for Making Payments: Report

06.09.2019

Smartphones have become a multi-purpose tool to deal with an immense number of tasks in our everyday life owing to its higher affordability and functionality. When it comes to online lending, mobile solutions only strengthen its advantages. A recently published report says that Asian markets have demonstrated a strong predominance of Asian-made smartphones as a tool to search and obtain online financing.

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Popularity of P2P Lending High in Asia than Europe, says Report

02.09.2019

Gone are those days when an individual couldn’t obtain loans because he/she didn’t have a credit history—the first screening criterion to obtain loans from banks and financial institutions. Technology has now enabled fintech companies to directly connect borrowers with lenders, providing an alternative to get loans even if burrowers don’t have a credit history. One such lending within the fintech industry is peer-to-peer (P2P) lending, which enables burrowers to obtain…

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63% of Asian customers using online financing have long-term saving goals, reveals survey by Robocash Group

30.08.2019

In a press release earlier today (30 Aug), Robocash Group, an international robotic financial service group, released the findings of its latest survey which shows that 80% of customers in the Philippines, India, Indonesia, and Vietnam using online financing services are currently saving for different plans, with 63% of respondents setting their sights on long-term saving plans.

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48% of Indians choose online financing tools because of higher speed

28.08.2019

In the era of digital technologies, time has become the most valuable asset. It correlates with findings of Robocash Group that the speed of service is in the highest priority for a half of customers of online financing tools. In the survey conducted by the company in the Philippines, Indonesia, Vietnam and India, every other (50.4%) respondent mentioned this factor in the first turn. Particularly in India, speed is of…

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Asia is ahead of Europe by the popularity of P2P lending

14.08.2019

The analysis of search queries related to P2P lending, which was conducted by the international fintech holding Robocash Group, has shown that relative popularity of P2P lending in many Asian countries is much higher than in some European countries.

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74% of Filipino Online Borrowers Save Money for Long-Term Family Plans

11.08.2019

A customer survey conducted by the international alternative lending holding Robocash Group in the Philippines has shown that 86% of its Filipino customers are currently saving money for different purposes. Remarkably, long-term plans are in priority for 73.8% of respondents. Thus, 32.8% save funds for a house, and 21.7% do it to pay for education. These are the most frequent answers.

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Highest demand for fintech financing in urban areas of Asia

05.08.2019

Residents in urban areas of Asia fall back upon fintech services providing personal financing far more often than in less urbanized regions. These are the findings on the regional use of online financing in the Philippines, Indonesia, Vietnam and India mapped by the analysts of the financial holding Robocash Group. The study embraced the data of more than 2.5 million customers who have used the company’s online financing services in…

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South Eastern Vietnam shows the highest demand for online financing

30.07.2019

According to the findings on the regional demand for online financing mapped by the analysts of the international fintech holding Robocash Group, residents of South Eastern Vietnam use relevant services more than twice as often as on average in the country. Second place belongs to Red River Delta: the interest in online financing facilities there is 1.4 times higher than the country’s average rate.

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