P2P Lending and Digital Lending Fintechs Active in Southeast Asia

The size of the Southeast Asian alternative financing market grew from US$46.65 million in 2015 to a whopping US$215.9 million the following year. That’s almost a fivefold leap in market value in just the span of a year, according to a study…

Pros and cons of payday loans

Payday loans are a popular way to pay unexpected bills, make quick payments and keep borrowers busy in the short-term. They may seem convenient but you might not be able to find the right solution for your particular circumstances. What…

How the pandemic is disrupting the pay period

“The health crisis has really shown us that within the working population at large, whether people are salaried or by the hour, the majority do not have enough savings in the bank to last a week or two weeks. “,…

Smart Credit – Is It More Important Than Good Credit? – Yukon News

By Leah Drewcock, CIRP, LIT, Senior Vice President of MNP Ltd. What is smart credit? Smart credit uses credit that you can afford. It’s more than having the means to pay the monthly installments. It’s being able to pay the…

Startup Immediate Accelerates Access to Earnings Earned Through Visa Push Payments | Payments Source

Immediate will use Visa Direct to provide real-time access to employees to collect wages earned but not yet paid by the scheduled payday. The Birmingham, Alabama-based startup offers a cheaper alternative to payday loans. According to PEW Charitable Trusts, 12…

BME companies at ‘greater risk of financial ruin’ during pandemic

BME companies have been disproportionately affected by the coronavirus and the risk of financial ruin has revealed a report. Black, Asian and minority ethnic communities are at greater risk of dying if they contract the virus – but are more…

Some loan apps thrive on Google Play in India despite policy violations

MUMBAI: At least 10 Indian loan apps on Google’s Play Store, which have been downloaded millions of times, violated Google’s rules on loan repayment terms aimed at protecting vulnerable borrowers, according to a Reuters review of these services and more…

China toughens regulations on payday lenders

Financial updates Sign up for myFT Daily Digest to be the first to know about financial news. China’s financial watchdogs have issued implementing regulations confirming an existing ban on so-called “payday loans” online. The measures were released Friday evening by…

Rellevate Enters Early Access to Salary Market with Comprehensive Digital Banking Program

A new fintech company has been launched to provide services to hourly paid workers, who make up nearly 60% of U.S. employees but tend to be underserved by banks. Relévé works with employers to enable them to provide their workers…