“Additionally, these loans tend to have shorter durations, allowing them to recycle and use the capital multiple times to increase the annual internal rate of return of the money involved.” Capital sources In the past few years, peer-to-peer ( P2P ) lending was highly popular, but also c...
In Africa, M-Pesa has taken advantage of its large subscriber base to pursue partnerships with banks to offer microlending and overdraft facilities. Wave, a wallet focused on Francophone West Africa, has recently received a regional e-money license that will enable it to e...
Founded in 2017, BigPay is present in both Malaysia and Singapore. Its current offering includes a prepaid debit card which can be used to spend anywhere Visa or Mastercard is accepted, local and international money transfers, micro-insurance, bill payments and a budgeting tool. BigPay has also ...
Bibliometric data also uncovered that China and Italy leading the rest of the world in terms of citation performance followed by Spain, Egypt, and Malaysia. However, Fig.5demonstrates that authors from China dominate the study in the single country publications (SCP) parameter. Subsequently, Malaysi...
players. The government plans to issue five digital banking licenses as part of a push to boost banking participation and digital financial transactions. It has already awarded three of those licenses, so new entrants will have to act quickly to ensure access to the first round of license ...
UK digital bank Monzo started as an e-payments player, in line with its license, and later broadened its offering when it obtained a full banking license. China’s MYBank and the United Arab Emirates’ Anglo-Gulf Trade Bank focused from the start on lending and trade finance,...
Bank accounts and mobile phones are two essential building blocks of a payments system that allows individuals to make money transfers and payments digitally. To turn such bank accounts and mobile phones into effective instruments of these transactions, a platform that intermediates between the payer ...
of winning such a license are pretty good. The license would allow TrueMoney to start building a proper deposit base and lending business. It does already have some 2.5 million users of savings, investment and lending services, but cannot directly offer certain services without a banking...
Speed:Digital banks are defined by operational speed and efficiency, which tends to be how they draw customers away from legacy banks. However, not only is this at odds with the safety-first ethos of compliance, but it’s exactly what makes them attractive targets for money launderers, who ...
money players from THB 200 million to THB 100 million and so increased supply to the market; (ii) the introduction of new regulations in 2019 governing the operation of peer-to-peer lending platforms, which then helped strengthen the market for P2P lending, funding platforms, and FinTec...