Breaking News
Borrowers from South and Southeast Asia prefer short term financing in the range of $51-100
Recently, the financial holding Robocash Group found that the most popular amount borrowed by the Filipinos, Vietnamese, Indonesians and Indians for up to 30 days ranges from $51 to $100.
Based on its own data, Robocash Group compared the most popular loans sizes in four countries of South and Southeast Asia. The research involved the Philippines, Vietnam, Indonesia and India. According to it, the most preferred loans for up to 30 days in these countries range from $51 to $100. Among borrowers, 65.4% of Filipinos, 47.5% of Vietnamese, 61.2% of Indonesians and 71.3% of Indians apply for this amount to meet the urgent needs. This feature is common for all four countries.
The next most popular range in the Philippines (17.3%) and Vietnam (21.8%) is $101-150. However, in Indonesia and India, the picture is different. The second position there is taken by the loans of $1-50, which are borrowed by 37.6% of Indonesians and 20.7% of Indians. At the same time, in the Philippines and Vietnam, this amount ranks third in popularity and is borrowed by 11.9% and 18.4% respectively.
According to the Analytical Centre of Robocash Group, $51-100 is usually enough for most borrowers in these countries to bridge the financial gap for urgent (renovation, medicines, food) or spontaneous (clothes, gadgets) needs. The choice of other loan amounts does not depend on the income difference in the countries, although it exceeds $150 according to the international ranking of average monthly salary. Thus, larger loans are more popular in the countries with lower income – for example, in the Philippines, which is the 77th in the ranking compared to India, which is the 61st. This is demonstrated by the loyalty of borrowers to the loan services of the group, which increases over time. In the Philippines and Vietnam, they were launched much earlier, whereas in India and Indonesia many borrowers just start using online loans as an effective financial instrument and apply for the minimum amounts more often.
Read on Google Docs:
- Cytora and Quarticle Partner to Embed Cloud-Native GeoIntelligence into Commercial Insurance Workflows Read more
- Integrity Viking Funds Modernizes Investment Accounting Infrastructure with FIS Investment Accounting Manager Read more
- The True Cost of Fixed Income E-Trading: Transparency, Margins and Market Structure Read more
- KAST Appoints Former Binance Global Communications Leader Brad Jaffe as Chief Communications Officer Read more
- Karby Leggett Appointed Head of Digital Assets for GCNA, South Asia and ASEAN Read more
Cytora and Quarticle Partner to Embed Cloud-Native GeoIntelligence into Commercial Insurance Workflows
Cytora, the digital risk processing platform, has announced a strategic partnership with Quarticle, a provider of cloud-native geointelligence solutions for the insurance industry.
Integrity Viking Funds Modernizes Investment Accounting Infrastructure with FIS Investment Accounting Manager
Global financial technology leader FIS® today announced that Integrity Viking Funds has selected FIS Investment Accounting Manager to modernize its investment accounting infrastructure. The partnership demonstrates FIS’ ability to deliver enterprise-grade technology to handle increasingly complex investment strategies without prohibitive costs or operational complexity to assets managers of all sizes.
The True Cost of Fixed Income E-Trading: Transparency, Margins and Market Structure
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
KAST Appoints Former Binance Global Communications Leader Brad Jaffe as Chief Communications Officer
KAST, the global platform built on stablecoin rails, announced today that Brad Jaffe, who led global communications at cryptocurrency exchange Binance for more than three years during a period of rapid global growth and regulatory evolution, has joined the company as Chief Communications Officer.
Karby Leggett Appointed Head of Digital Assets for GCNA, South Asia and ASEAN
We are pleased to share that Karby Leggett has been appointed Head of Digital Assets for Greater China North Asia, South Asia and ASEAN within the Digital Assets Centre of Excellence. This comes in addition to his current role as Global Head of the Official Institutions Group as part of the Bank’s Global Research team.
Broadridge Appoints Allen Weinberg as Chief Growth and Strategy Officer
Broadridge Financial Solutions, Inc. (NYSE: BR), a global Fintech leader, is pleased to announce the appointment of Allen Weinberg as Chief Growth and Strategy Officer, effective immediately. In this newly created role, Weinberg will work closely with the leadership team to implement Broadridge’s strategic priorities focused on accelerating sustainable growth, enhancing profitability, and strengthening competitive differentiation. He will also help identify and evaluate new markets and product opportunities, ensuring the company’s strategy remains aligned with the industry’s rapidly changing landscape. Weinberg will join Broadridge’s Executive Leadership Team and report directly to Broadridge Chief Executive Officer Tim Gokey.
Apex Fintech Solutions and Wavvest Announce Strategic Partnership to Deliver AI-Powered Financial Planning
Apex Fintech Solutions, Inc. (“Apex”), an innovation launchpad for the global investing ecosystem, and Wavvest, the AI engine automating professional financial planning, today announced a strategic partnership to deliver AI-powered financial planning capabilities to Apex clients. The collaboration will integrate Wavvest's planning technology with Apex's custodial data infrastructure, expanding Apex's AI Suite — a comprehensive package of AI-powered tools spanning advisor productivity and platform development capabilities, including Ask Ascend for intelligent coding and documentation support and the Agentic Development Kit for rapid integration development and prototyping.
Cytora and Quarticle Partner to Embed Cloud-Native GeoIntelligence into Commercial Insurance Workflows
Cytora, the digital risk processing platform, has announced a strategic partnership with Quarticle, a provider of cloud-native geointelligence solutions for the insurance industry.
Integrity Viking Funds Modernizes Investment Accounting Infrastructure with FIS Investment Accounting Manager
Global financial technology leader FIS® today announced that Integrity Viking Funds has selected FIS Investment Accounting Manager to modernize its investment accounting infrastructure. The partnership demonstrates FIS’ ability to deliver enterprise-grade technology to handle increasingly complex investment strategies without prohibitive costs or operational complexity to assets managers of all sizes.
The True Cost of Fixed Income E-Trading: Transparency, Margins and Market Structure
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
KAST Appoints Former Binance Global Communications Leader Brad Jaffe as Chief Communications Officer
KAST, the global platform built on stablecoin rails, announced today that Brad Jaffe, who led global communications at cryptocurrency exchange Binance for more than three years during a period of rapid global growth and regulatory evolution, has joined the company as Chief Communications Officer.
Karby Leggett Appointed Head of Digital Assets for GCNA, South Asia and ASEAN
We are pleased to share that Karby Leggett has been appointed Head of Digital Assets for Greater China North Asia, South Asia and ASEAN within the Digital Assets Centre of Excellence. This comes in addition to his current role as Global Head of the Official Institutions Group as part of the Bank’s Global Research team.
Broadridge Appoints Allen Weinberg as Chief Growth and Strategy Officer
Broadridge Financial Solutions, Inc. (NYSE: BR), a global Fintech leader, is pleased to announce the appointment of Allen Weinberg as Chief Growth and Strategy Officer, effective immediately. In this newly created role, Weinberg will work closely with the leadership team to implement Broadridge’s strategic priorities focused on accelerating sustainable growth, enhancing profitability, and strengthening competitive differentiation. He will also help identify and evaluate new markets and product opportunities, ensuring the company’s strategy remains aligned with the industry’s rapidly changing landscape. Weinberg will join Broadridge’s Executive Leadership Team and report directly to Broadridge Chief Executive Officer Tim Gokey.
Apex Fintech Solutions and Wavvest Announce Strategic Partnership to Deliver AI-Powered Financial Planning
Apex Fintech Solutions, Inc. (“Apex”), an innovation launchpad for the global investing ecosystem, and Wavvest, the AI engine automating professional financial planning, today announced a strategic partnership to deliver AI-powered financial planning capabilities to Apex clients. The collaboration will integrate Wavvest's planning technology with Apex's custodial data infrastructure, expanding Apex's AI Suite — a comprehensive package of AI-powered tools spanning advisor productivity and platform development capabilities, including Ask Ascend for intelligent coding and documentation support and the Agentic Development Kit for rapid integration development and prototyping.