Sunday, March 3, 2024
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Despite revoked license, lending firm Robocash to launch digital bank in PH

Singapore-headquartered online lending firm Robocash Group has announced it is now raising funds to finance the launch of its digital bank in the Philippines called “Una Bank” by September 2020.

SEC revokes license of online lending firm Robocash

While Robocash has expanded offline with its various branches around the country, it started out and still is primarily an online lending company.

Report: 45% of Pinoys pick online financing tools due to higher speed

Other advantages of fintech financing were related to its accessibility.

Online loans mostly coming from NCR, CAR and Central Visayas — report

Based on the data of 1.52 millions of Filipinos who have used online lending services in 2019, the analysis has shown that urbanization facilitates online lending.

Survey: Online borrowers in PH prefer Samsung, Oppo

The findings were based on the data of more than 1.2 million unique visitors who have used smartphones to access to the online loan service of Robocash Group this year.
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