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The Philippines, Indonesia, and Thailand have recently been recognized as the top countries in the Southeast Asian region where fintech lending initiatives can be grown and expanded. Robocash found out in a new survey that the three countries have displayed favorable fintech conditions for lenders who are interested in growing their businesses in Southeast Asia (SEA).

The land of GoPay and OVO is no man’s land for banks. Where alternative lending thrives, banks have reason to fear, especially in Indonesia, which ranked as the most fertile environment for the development of alternative lending platforms, according to a survey from Robocash. With a score of 147.5, Indonesia ranked highly in sixteen different aspects used by the study associated with social and economic development, financial inclusion and digital adoption.

Three countries provide the best conditions for the development of fintech lending in Southeast Asia. In a short term perspective, it promises to result in the inflow of investments in the local projects. Indonesia, Philippines, and Thailand provide the most favorable conditions for the development of fintech lending in Southeast Asia (SEA), according to a survey compiled by Robocash, a financial group operating in the segments of consumer alternative lending…

Online lending company Robocash Group has moved into the Islamic finance sector via a partnership in Indonesia with Reliance Finance. Robocash has launched a new Fintech service providing personal financing in full compliance with the Shariah law. Robocash said the new service has been labeled “Reliance Syariah.” This is Robocash’s tenth vertical platform since origination in Russia in 2013. Robocash said the potential addressable market of the service amounts to millions of…

The future of financial technology (fintech) markets is in the ASEAN region. This is the result of Deloitte and Robocash Group’s research published in late 2018. The contents of the report claim that ASEAN countries have the largest potential fintech market until 2020. Low levels of financial inclusion in Southeast Asia are the main factor. Meanwhile, KPMG calls 73% of the population of ASEAN do not have an account in the banking…

Many of fintech firms are focused on peer-to-peer lending rather than marketplace finance. Nevertheless, the alternative finance market is growing and could expand to include POSF. “Fintech is a rapidly changing industry and inevitably brings in positive changes to the market…however, technologies connected with scoring, personal finance and other areas will definitely stay in focus in the long-term perspective,” predicted Sergey Sedov, CEO of Robocash Group.

The real scale of informal employment in developing countries is incomparably higher than the volume of goods and services produced in the informal sector. The longer traditional methods of assessing the real earnings of the population fall behind, the more customers alternative lending can expect, found Robocash Group.

Thailand is primed to be among the biggest winners from the fintech revolution in the years ahead. At the end of last year, a report by Deloitte  and Robocash concluded that Asean nations represent the greatest opportunity for fintech development thanks to their tech-savvy populations and governments. Thailand is particularly well placed: 82 per cent of its population is already online and 60 per cent currently use online banking. In addition, Thailand’s financial regulators are forward looking and technology aware.

Short-term loans or “quick loans” are widely known in Latvia. Such lending industry is not alien to the rest of the world. What is the difference between quick loans in Latvia and the world? Financial holding Robocash Group offers a study summarizing the main differences in the short-term lending sector around the world and concludes that the rapid credit industry has three types of rules.

In 2016, Felipe Zamora was thinking about diversifying GLFC’s products. “Unregistered lenders started broadening at how we look at the competitive landscape, and we started thinking how fintech companies will start posing challenges for us,” he explains. That same year an acquaintance introduced him to Segey Sedov, founder and CEO of Russian-based payday loan company Robocash, which was already operating with over 1,000 employees in his native country. Sedov was then…