16 March 2022
In this week’s newsletter, we explore how India’s burgeoning BNPL sector is hampered by tight regulation and the Philippines is reluctant to hand out more digital bank licenses, while Pakistan’s unbanked population presents an untapped opportunity for fintechs. Meanwhile, fintechs are also primed to help alleviate supply chain shortages and we look at how financial services firms are reeling from the war in Ukraine.
Kapronasia: The future of BNPL in India
Data reported by key Buy-Now-Pay-Later (BNPL) players in India revealed the burgeoning sector is yet to peak. High demand for credit, low credit card penetration and light regulation are among the key drivers. Analysts will be keeping a close eye on progress throughout 2022.
Global Data: Deep dive into retail banking in Germany
Banking preferences and mindsets vary across the world. This report analyses German customer profiles to provide leading banking providers with rich data to build customer-to-bank relationships, ensuring loyalty and retention.
Aite-Novarica: The global industrialisation of scams
It was noticeable that fraudsters stepped up attacks on banking customers after the roll out of the UK’s Faster Payment Service. This activity is now being mirrored across the globe as countries introduce faster payment rails.
Kapronasia: Digital banking growth in the Philippines
The Philippines has capped new digital bank licenses to six, with two yet to go live in 2022. No new licenses will be issued until the impact of these new players on the country’s financial industry can be assessed.
IDC Financial: Predictions for India’s corporate banking sector
Digital transformation will be key in 2022 for the India corporate banking sector. Predictions include increased adoption of the cloud, AI and need for efficiency in data management, furthering the connected ecosystem.
Kapronasia: Rising fintech market in Pakistan
With about 70% of the Pakistan population remaining unbanked, there is a huge opportunity for fintechs. Those businesses taking the leap will reap substantial rewards.
Celent: Impact of the war in Ukraine on FS
The financial system is at the heart of the response, acting as the transmission mechanism for the sanctions being imposed. It is a locus of the economic impact of the crisis, and a dynamic ecosystem that will evolve in response to structural change.
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