Press room

In Southeast Asia, the number of fintech companies in payments, alternative lending, e-wallets and digital banking has grown 3588 per cent since 2000; found Robocash Group.

Alternative lending fastest-growing fintech sector in SEA and India, report saysAlternative lending was the fastest-growing fintech sector in Southeast Asia and India in the past two decades, according to a report by Robocash Group.

FILIPINOS spent more time on online lending applications in 2022, with financial tools and credit services becoming more accessible, a study showed. An analysis from consumer finance company Digido showed a total of 14.2 million downloads were recorded for ten digital lending platforms that have mobile applications as of December last year.

The fintech services in Central and Latin America are already experiencing a real boom in terms of consumer demand for fintech solutions. The unique demographic situation gives a way to a large prospective audience of consumers that use fintech services.

A variety of businesses – from a workforce management platform to a video technology provider and metal recycling company – have made it onto a list of 100 companies compiled by The Straits Times and Germany-based global research firm Statista.

UNAPHARMA, a digital medicine reservation platform, will launch its delivery service and a buy now, pay later (BNPL) option in January 2023.  “The BNPL option will allow customers to purchase medicine with less worry, allowing them to focus on getting better instead of the cost of the medicines themselves,” said Alexander Goriainov, chief executive officer of Una Marketplace, Inc., in a Dec. 9 e-mail.  

MORE than a month has passed since the signing of the SIM (Subscriber Identity Module) Registration Act into law, intended as an ambitious move to combat fraud by requiring Filipinos to register their identities with public telecommunications entities (PTEs).

A comparative picture of national FinTech regulation in the countries of Southeast Asia is based on the sum of 13 criteria based on the public information – availability in the country of special FinTech laws & acts, sandboxes, government initiatives, etc.  (A full list of criteria is described below).

Singapore-based FinTech holding Robocash Group has published financial highlights for the 9M 2022. The revenue for the nine-month period reaches 346.8 M USD. Meanwhile, the net profit has jumped to 43.5 M USD, poised to continue the upward momentum

Kirill Kalashnikov, regional director for Asia Pacific at the Robocash Group that operates in the Philippines through online lending platform Digido and financial app UnaCash, said e-savings — accounts opened and operated online — would grow next year.