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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…

MYANMAR, Cambodia and the Philippines pose the highest risks for alternative lending models in South-east Asia, a peer-to-peer funding platform has said in a ranking of regional opportunities, but it pegged Indonesia as a promising market for growth. Still, with a business model aimed at under-banked clients, Latvia-based Robocash – which also has offices in Singapore, Indonesia and Vietnam – asserted that “a high-risk background does not necessarily stand for extreme…

SINGAPORE : According to the results in 2019, the cumulative volume of consumer financing granted by the financial holding Robocash Group since its inception in 2013 exceeded $603 million. The total number of customers reached 9.0 million. Remarkably, one-third of 4.2 million of new clients that the company served in 2019 alone came from South and Southeast Asia. That was a 267% increase compared to 2018.

To celebrate the Lunar New Year, people requested $51-100 most often (26 percent). Meanwhile, Filipinos and Indonesians needed less than $50: 40 percent and 41 percent, respectively.  The fintech-holding Robocash Group has revealed insights regarding borrowing patterns of customers during the last Chinese New Year festivities in the Philippines, Indonesia and Vietnam.

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,…

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…

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…

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…

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.