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Fintech has contributed 8% to the welfare of Indians

20.09.2019

With strong support from the Reserve Bank of India and the government, the market of financial technologies in India has been growing at a triple-digit pace since 2013. The analysts of the financial holding Robocash Group found that the multiplicative effects of fintech have contributed significant 8% to an increase in the wealth of Indians.   After an active start of the fintech industry in 2013, India takes second place…

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Lack of financial literacy is the main reason for Asians to fall short of money

12.09.2019

Despite solid education and regular income, 77% of customers of online financing services in the Philippines, Vietnam and India still face acute personal budget gaps now and then. Moreover, for almost every fourth (25%), it is a constantly recurring issue. Remarkably, 88% feel that this is primarily due to their insufficient financial literacy. These are the findings of Robocash Group, based on its recent customer survey. As the results of…

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Regular sports activities are important for 47% of online customers in Asia

05.09.2019

On average, about half of users of today’s fintech services (47%) in Asia go in for sports monthly at a different frequency. Regular weekly exercises are essential for about 20%. These are the findings of Robocash Group based on the survey of its customers in the Philippines, Vietnam, Indonesia and India.   Health is one of the life priorities for people in Asia. Almost every fifth of the company customers…

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63% of Asian customers using online financing have long-term saving goals

02.09.2019

A survey conducted by Robocash Group has revealed that 80% of Asian customers using online financing services are currently saving for different plans. For more than two-thirds of respondents (63%) in the Philippines, India, Indonesia and Vietnam, long-term plans in the highest priority.   In particular, almost 40% of customers are currently saving for a house with little difference in responses in the four countries. Then, 16% save money to…

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50.4% of Asian customers choose online financing tools because of higher speed

29.08.2019

According to a customer survey conducted by Robocash Group in India, Indonesia, the Philippines and Vietnam, speed of service is the key advantage of online financing tools stated by 50.4% of users. The difference between the four countries is relatively small. In particular, higher speed turned out to be a priority for 56% of customers in Indonesia, 53% in Vietnam, 48% in India and 45% in the Philippines.   Other…

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Almost 70% of Indian online borrowers save money for family plans

23.08.2019

A customer survey conducted by the international alternative lending holding Robocash Group in India has shown that 69.4% of its Indian customers are currently saving money for different purposes. Long-term plans stay in priority for 56.1% of respondents. Particularly, 42.7% save funds for a house, 7% save money to buy a vehicle and 6.4% do it to pay for education. These are the most common answers.   At the same…

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61% of online customers in Vietnam save for long-term goals

23.08.2019

According to the survey conducted by the financial holding Robocash Group in Vietnam, buying a house or a vehicle are the most common long-term saving goals among the Millennials using online financing tools. Thus, 41.2% of respondents save funds for a house, and 19.6% do it to be able to buy a car.   At the same time, short-term saving to buy gadgets and appliances takes third place with 11.8%…

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Asia is ahead of Europe by the popularity of P2P lending

16.08.2019

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.     The global dynamics of main search queries associated with P2P lending has grown steadily in recent years. At the same time, there is a significant increase in market volume….

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74% of Filipino online borrowers save money for long-term family plans

13.08.2019

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% does it to pay for education. These are the most frequent answers.   At the same time, most respondents stated that…

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Fintech financing is in the highest demand in urban areas in Asia

05.08.2019

Residents of urban areas 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 [1] 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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