Role of Fintech in Enhancing Credit Usage Among the Un(der)-Banked

Abstract

Key Messages

• Market regulator need to develop mechanisms to make digital loan data publicly available to assist in drawing broad market trends.
• Need to tame predatory lenders to protect the consumers and competitors and increase consumer trust through a sound regulatory framework.
• Level the playing ground through common market standards to enhance competition and business conduct for the regulated and unregulated digital lenders.