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Borrower demand in Asia has increased since the start of the pandemic

18.01.2021

According to statistics of the international holding Robocash Group, the average sum requested by borrowers in Asia has increased since the beginning of the pandemic by 46%. At the same time, the share of male borrowers and the average age of applicants have grown as well.   In Asia, Robocash Group operates in the Philippines, Vietnam, Indonesia and India. It  has revealed that the average amount requested by Asian borrowers…

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Robocash Group launches Buy Now, Pay Later in the Philippines

22.12.2020

An international fintech holding Robocash Group has expanded the product line with the launch of its first Buy Now Pay Later service UnaPay in the Philippines.   Apart from the new product, Robocash Group has been providing micro-consumer lending services with the focus on Asia and operating its own P2P lending platform in Europe. The Buy Now, Pay Later will open new opportunities for the group’s customers, offering instalment plans…

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Digital financial services drive the financial inclusion in the Philippines

24.11.2020

As revealed in a survey by a global fintech holding Robocash Group, the financial inclusion in the Philippines has grown considerably over the past three years. Its main driver is online services, which is confirmed by a 2.5-increase in digital payments between 2017 and 2020.   The latest data on financial inclusion in the Philippines was published in the World Bank’s Findex and refers to 2017. Robocash Group has conducted its own survey…

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Robocash Group earned 16 mln USD in 9 months of 2020 and adjusted its plans for the IPO

19.11.2020

The group has published the results for January-September 2020. Despite the challenging time, it has improved its portfolio quality and all the performance indicators, by optimizing the core business processes.   In the first 9 months of 2020, Robocash Group issued loans worth 217.3 mln USD and reached a high share of repeated customers – 72%. During the same period, the group earned 16.2 mln USD, which exceeds the net…

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Robocash Group announces the interim financial report for H1 2020

20.10.2020

The Report on Review of Interim Condensed Combined Financial Information was prepared by a Big 10 auditor FBK Grant Thornton in accordance with International Financial Reporting Standards.   The Group has been resourceful and resilient during the period of intense lockdown. Though the Covid-19 pandemic proved challenging, by reducing costs, optimising scoring and increasing debt collection, Robocash Group managed to maintain the efficiency of its business. The Group has issued 1.6…

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Happiness and online loans in APAC have strong direct correlation of 0.6

26.08.2020

Studying the impact of online consumer lending on the happiness of the population in Asia Pacific (APAC), analysts of Robocash Group found a strong direct correlation between them.  In other words, happier countries see higher popularity of online loans. At the same time, access to online lending helps people feel happier.   To show the impact of online consumer lending on the happiness of the population across the world and…

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Robocash Group announces audited financial statements for 2019

25.08.2020

According to the audited financial statements, Robocash Group revenue in FY2019 amounted to US$ 132.1 million with a 62.5% increase year-over-year (2018 – US$ 81.3 million, 2017 – US$ 39.8 million). At the same time, total comprehensive income grew at 111.7% year-over-year hitting US$ 18.8 million (2018 – US$ 8.9 million, 2017 – US$ 6.1 million).   The international fintech holding Robocash Group delivering micro consumer lending services in Europe…

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Post Covid-19: Non-bank lending will grow in Asia

27.07.2020

The COVID-19 pandemic has significantly changed the psychology of average borrowers. One of the near-time effects will be the growth of non-bank lending. According to a customer survey of Robocash Group in Asia, 50% of respondents say about a higher need for financing. Moreover, the decrease in incomes during quarantine has prepared 45% for active borrowing when restrictions are lifted. At the same time, the other 9% will be motivated…

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80% of Asians will try e-payments by 2022

26.06.2020

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…

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Digital financial services support Southeast Asian countries during recession

19.06.2020

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…

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