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Getting prepared for an initial public offering (IPO) on the Australian Stock Exchange (ASX) in December 2020, Singapore-headquartered Robocash Group opened a US$5 million pre-IPO funding round to finance the launch of its Philippines Neobank called Una Bank by September 2020.   With extensive expertise in automation, risk management and data science gained by serving over 11 million customers across the footprint as of June 30 this year, Robocash Group…

According to analysts of Robocash Group, about 80% of the population in the Philippines, Vietnam and Indonesia will make at least one digital payment by the end of 2021. The share of active users making five and more e-payments weekly will exceed 50% compared to 13-17% in 2019. At the same time, the volume of unsecured consumer loans issued online will exceed 50% in the Philippines, reach 70% in Vietnam…

The advanced digital infrastructure has become one of the supporting factors for developing countries in Southeast Asia amid the current recession. Analysts of Robocash Group say that the region has approached this downturn in better shape. According to their estimates, Indonesia and the Philippines can achieve 2.2-2.8% of the GDP growth this year, Vietnam – over 4%.   These forecasts arise from an expected surge in consumption and investment activity…

Driving improvements in the digital space, 5G has accelerated financial inclusion in emerging markets in Asia. Analysts of the financial holding Robocash Group forecast that with its help, about 3 million of the unbanked and underbanked will get access to financial services in both Vietnam and the Philippines by 2025. Indonesia will have 9-11 million, and India – 60 million.   Smartphone penetration rising in APAC annually by 10.8% on…

Online lending and microfinance have become a multipurpose solution for customers in Asia. These are the findings of an online survey conducted by Robocash Group in the Philippines, India, Indonesia and Vietnam earlier this year. Although men and women apply with different needs in mind, education and health, household appliances and business made both genders apply for loans in 2019 most often. At the same time, the online segment was…

Installment consumer lending is one of the most promising segments of alternative finance in Southeast Asia in the near years. These are the findings of analysts of the financial holding Robocash Group after studying different prerequisites across the region.   With digital lending projected to reach $100 billion by 2025, Southeast Asia has seen massive growth in alternative consumer lending in the past years. Still, apart from the main directions…

With a growing spread of coronavirus and social distancing globally, people are increasingly searching for digital services able to meet their current needs in food and essentials, healthcare and finance. Asia is not an exception. As the findings of Robocash Group have shown, the pandemic has made 41% of its customers in the region use remote financial services more often.   Among the latter, online financing solutions were mentioned most…

Last Friday, an affiliated lending company of the fintech holding Robocash Group – MFC Zaymer – won the title of “The Microfinance Company of the Year” in Russia. As noticed, in 2019, the company showed the best performance in the segment by the three criteria: stability, dynamic development and innovativeness.   On March 13th, 2020, the 13th edition of the main financial award in Russia “The Bank of the Year”…

In South and Southeast Asia, the share of customers who obtained repeated advances on online platforms in 2019 amounted to 44%. The analysis of data of 1.2 million clients of Robocash Group in the region reveals that fintech loans have become widespread as they help people cover gaps in a budget. Remarkably, in 2019, the Philippines had the highest part of repetitive customers – 51%. The lowest share was in…

Robocash Group studied the environment of South and Southeast Asia in terms of risks for micro consumer lending. Embracing strategic, operating, and financial factors, the research shows that a high risky background does not necessarily stand for extreme difficulty for the business. What is more, it suggests broader prospects for players able to cope with such factors. Indonesia and Bangladesh turned out to provide the most appropriate risk environment for…