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Financial innovation in the form of new delivery channels, products, and providers has helped push out the frontier of access to finance and thus increase the bankable and banked population. Mobile money and crowdfunding platforms are prime examples for this. The same financial innovation has...
Persistent link: https://www.econbiz.de/10012259324
Peer-to-peer lending (P2PL) FinTech is growing rapidly in Indonesia. With its flexibility and simplicity, P2PL reduces the gap in financing that cannot be fulfilled by banks. However, the rapid development of P2PL also raises a number of problems that burden users such as unethical debt...
Persistent link: https://www.econbiz.de/10011993950
This paper showcases the growth as well as the challenging factors for fintech development in Indonesia. As the eighth-biggest economy in terms of gross domestic product, and with an internet participation ratio of more than 50% and more than 50 million micro, small, and medium-sized enterprises...
Persistent link: https://www.econbiz.de/10012110299
Investment in infrastructure for increasing trade and connectivity in South Asia and Southeast Asia has been impacted … investments of an estimated $3.6 trillion by 2020 for financing of its infrastructure and connectivity projects. Increased …, such economic integration faces a multitude of challenges relating to cross-border infrastructure links, weak trade …
Persistent link: https://www.econbiz.de/10010505123
Digital transformation is changing how and by whom financial services are provided, how payments are made within an economy and across borders, and how and where goods and services are produced in a globalized economy. These transformations bring significant benefits in the form of greater...
Persistent link: https://www.econbiz.de/10012219810
This paper investigates the impacts of the COVID-19 pandemic and the large-scale social distancing (PSBB) policy on Indonesia's financial technology (fintech) markets. It also elaborates the roles that fintech companies can play in the national economic recovery. This paper finds that...
Persistent link: https://www.econbiz.de/10012609367
FinTech has been transforming the financial landscape in the People’s Republic of China. Its leading FinTech businesses such as mobile payment services and big data-based online lending are at the frontier of global development. At the same time, it also creates new problems, illustrated by...
Persistent link: https://www.econbiz.de/10012262626
This study gives an overview of recent innovations in the financing of small and medium-sized enterprises (SMEs) in Asia. While SMEs are an important contributor to employment and gross domestic product in Asia, they often face significant credit constraints. Recently, in the context of Asia's...
Persistent link: https://www.econbiz.de/10012119148
Fintech has increasingly become part of the global economy with the evolution of technology, increasing investments in fintech firms, and greater integration between traditional incumbent financial firms and fintech. Since the 2007-2009 financial crisis, research has also paid more attention to...
Persistent link: https://www.econbiz.de/10012219547
infrastructure on households' income. We analyzed the impacts of a rapid transit system in urban areas of Punjab Province, Pakistan … empirical results show a significant improvement in households' income after improvement in transport infrastructure. This … improvement and modernization of the transport infrastructure in urban areas of Punjab Province has increased households' income …
Persistent link: https://www.econbiz.de/10012239605