News Snapshot:
Read more Digital lenders are in hot water in Asia. Various authoritative bodies are stepping up to increase reign in the financial services sector, which for most of its existence has operated with very little oversight in countries such as India and Indonesia. Currently, there exist countless apps and websites offering easy-to-access loans in both India and Indonesia where a sizeable chunk of the population is still unable to get access to the formal credit system. According to the World Bank, as of 2017, 190 million individuals in India did not even possess a bank account whereas in Indonesia the...
