Highest demand for fintech financing in urban areas of Asia

Residents in urban areas of Asia 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 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 the Philippines, Indonesia, Vietnam and India in 2019. These findings reveal that advanced economic development and urbanization are the main factors driving the expansion of online financing solutions across Asia. At the same time, such a contrast in the usage rate of fintech financing services confirms that there is the immense untapped potential for further penetration of online solutions to rural areas throughout the region.

Read Full Article Here

Related Articles