Poverty is a significant economic problem in the majority of the developing world. In most rural areas of India, agriculture is the principal source of revenue. Agriculture employed 42.6% of India’s workforce in 2019. However, the rural community has been largely cut off from official financial institutions, resulting in poor performance Microfinance raises household income […]
Buy Now Pay Later (BNPL) Misconceptions Businesses Should Discard
Buy-now, pay-later (BNPL) services have grown in popularity in recent years, and amid the Covid-19 pandemic, it has witnessed a significant spike in customer growth. According to estimates, the global BNPL industry is expected to grow by 10-15 times, exceeding $1 trillion in the annual gross volume of goods. Millennials are now 37% less likely […]
Rising Concerns Around Data Privacy with Growth of Digital Lending
The digital lending landscape has witnessed a tremendous boost, especially during the Covid, which has shifted borrowers online searching for viable loan products online. Fifty-seven per cent of consumers prefer internet banking, according to the latest World Retail Banking Report. That’s nearly half the world’s commercially active population reaching out to online banking channels. So, […]