Fintech

The move reflects C88’s goal to define its corner in fintech in the next five years.

Indians are fast-adopting digital payments as government-backed UPI creates a backbone for all digital transactions.

The demonetization of Rs 1000 and Rs 500 banknotes by India in 2016 made people to take to digital transactions which have since grown manifold

Uang Teman is set to acquire another P2P lending platform and expand into the Philippines.

The company uses AI to detect fraud for banking compliance.

The world’s second-most populous country is garnering traction in its online lending sector, though highly regulated.

In Hong Kong, these so-called ‘challenger banks’ are already a step ahead.

VC investment and interest has declined in the P2P space due to stricter norms and slow growth.