The Asian peer-to-peer lending sector has been tipped for a increase, due to speedy uptake of fintech options, a tech-savvy inhabitants and demand for enterprise funding.
Talking on the Finfellas P2P convention in Riga, Latvia, Robo.money’s Anastasia Palamarchuk mentioned that the Croatia-based P2P lending platform sees “sturdy potential” for the Asia fintech market.
She mentioned that the primary drivers of market progress in Asia embrace a low degree of monetary inclusion.
“There are additionally different elements, akin to sturdy state help, the revenue degree and debt burden of the inhabitants, and the pandemic that boosted digital applied sciences,” Palamarchuk added.
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Robo.money highlighted six actively rising market segments in Asian fintech, together with various on-line loans, e-commerce and micro, small and medium-sized enterprise (MSME) lending.
In 2020, MSMEs accounted for 97 per cent of all enterprises within the area and produced 40.5 per cent of the regional GDP.
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Robocash Group – the guardian firm of the Robo.money platform – relies in Singapore. Palamarchuk revealed that the Robocash Group plans to concentrate on digital banking by constructing out its number of providers, from loans to cross-border transfers.
“As international digitalization advances, banking and brokerage providers have change into a beneficial asset for organizations,” she added.
“As follow exhibits, European P2P platforms can work fairly efficiently right here. And Robo.money is only one of them.”
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