PYMNTS

SEPTEMBER 20, 2018

Banks offer credit limits to borrowers that would seem punitively low in much of the Western world, so there is a pent-up demand for online alternatives. The opportunity is also gigantic, Cheng told Webster, given that the country has some 800 million working adults, with less than half of them in possession of a credit card.

P2P 66

P2P Credit Cards Online and Mobile Banking Credit Limit 66

PYMNTS

NOVEMBER 2, 2018

In China , X Financial specializes in helping underserved prime borrowers and mass affluent investors by matching those borrowers with investors willing to loan them money. X Financial’s offerings include a balance transfer credit card product and an unsecured, high-credit-limit loan product.

P2P 53

P2P Credit Cards Underserved Credit Limit 53

FICO

MAY 19, 2023

Prosper also proactively mitigates credit risk and meets the increasing credit demand for creditworthy customers based on their monthly updated FICO® Scores. As of March 2023, Prosper has effectively managed credit limit changes for over 25,000 customers, with over 70 percent of them receiving credit limit increases.

Financial Inclusion 52

Financial Inclusion Credit Limit Financial Literacy Credit Risk 52

PYMNTS

SEPTEMBER 15, 2017

According to Orloff, LendUp and Beneficial State came up with the idea to offer a socially responsible credit card product several years ago, but it only came to market this spring. percent – for a credit card than the national average, but according to The PEW Charitable Trusts, is a fraction of the payday lending rate, which is around 400%.

Financial Inclusion 79

Financial Inclusion FinTech Credit Cards Caps 79

PYMNTS

APRIL 4, 2018

Using their technology to analyze that kind of data, Gross noted, means they will be able to accept more customers and, in general, offer higher credit limits to customers (up to $10,000) because they have a much clearer picture of what they can afford. about their vision,” Gross noted.

Credit Cards 53

Credit Cards Underwriting Product Regulations 53

PYMNTS

MAY 15, 2018

They are just vastly underserved. credit cards in their wallet. Habgood said that, as the credit markets are currently designed, these consumers must often choose between two imperfect options. And this, he told PYMNTS, isn’t a niche class of borrowers, of whom anyone would call underbanked. The Middle-class Gap.

Push-to-Card 46

Push-to-Card Non-Bank Credit Cards Consumer 46

The Fintech Times

OCTOBER 30, 2024

Time to rethink access barriers Ivo Gueorguiev, co-founder of Paynetics “HSBC’s recent move to accept overseas credit histories for UK mortgages is a strong start, but real financial inclusivity needs broader, tech-driven solutions,” explains Ivo Gueorguiev , co-founder at payment service provider Paynetics.

Financial Inclusion 59

Financial Inclusion Embedded Finance Non-Bank Consumer 59