How will embedded finance revolutionize industries in Southeast Asia?
How will embedded finance revolutionize industries in Southeast Asia? There is a game-changing shift that is empowering the next stage of growth for the region’s industries. Embedded finance (EmFi) — or the integration of financial services (FS) into nonfinancial platforms to incorporate these into core activities in which customers are already engaged in — is […]
Digital lending critical to reimagining MSME financing in the Philippines
Digital lending critical to reimagining MSME financing in the Philippines New types of finance can strengthen small Filipino businesses following the pandemic Like its Southeast Asian counterparts, the Philippines relies on micro, small- and medium-sized enterprises to act as the lifeblood of the national economy. The MSME sector accounts for 36% of gross domestic product and […]
Digital Lending Can Turn the Dial on Financial Access for MSMEs
Digital Lending Can Turn the Dial on Financial Access for MSMEs Micro, small, and medium-sized enterprises (MSMEs) form the backbone of the economy in Southeast Asia. Yet, they face persistent challenges in accessing finance from traditional banks to fund, grow, and sustain their businesses. With advancements in technology leading to a significant increase in digital […]
Digital lending apps see growth, increased time spent by PH users in 2022 – analysis
Digital lending apps see growth, increased time spent by PH users in 2022 – analysis A January 2023 analysis by digital financing company Digido found increased growth in the adoption of digital lending applications on Android and iOS in the Philippines in 2022, as well as increased time spent on these applications. The analysis took […]
Digital lenders eye Indonesian SME financing gap
Digital lenders eye Indonesian SME financing gap Flexible new kids on the block see US$60 billion opportunity in banking underbanked As traditional Indonesian banks, because of their stricter loan requirements, are unwilling to provide the financing desired by small and medium-sized enterprises (SMEs), or even needy but trustworthy individuals, there is a huge finance gap […]
Filipinos spent nine years’ worth of time on digital lending apps in 2022
Filipinos spent nine years’ worth of time on digital lending apps in 2022 MANILA, Philippines — A 2022 report found that over two million active users in the Philippines spent more than 75,305 hours — nearly nine years — using digital lending applications. Consumer credit service Digido did an analysis of several digital lending platforms operating in the country […]
India-based digital lending firm enters PH
India-based digital lending firm enters PH Metro Manila (CNN Philippines, August 28) — India’s financial tech company Lentra has expanded its operations to cover the Philippines, as it banks on the growing demand of small- and medium-sized enterprises (SMEs) for loans and the central bank’s push to advance financial inclusion. In a statement on Monday, […]