3 Steps Policy-Makers Can Take Now on Digital Credit
In emerging markets, policy-makers have often struggled to keep pace with the rapid growth of digital credit. With the establishment of consumer protection authorities unlikely in the short term, here are three steps policy-makers can take now to protect consumers.
Time to Take Data Privacy Concerns Seriously in Digital Lending
Digital credit is on the rise in Kenya. While digital lenders are expanding access to credit for many Kenyans, they are operating outside regulation by any financial sector authority–and some key consumer protection concerns have started to emerge.
The Unusual Financial Dynamics of Short-Tenor Digital Credit
Digital credit is disbursed and recovered rapidly, often in 30 days or less, and generally with loan amounts smaller than conventional credit or micro-lending. CGAP built a digital credit financial model to investigate the basic financial dynamics of loan portfolios made up of short-term, small loans.
An Indian Start for Digital Credit
In India, loans often require extensive application processes or participation in a joint liability group. A pioneering digital loan provided by Suvidhaa Infoserve and Axis Bank is changing the financial services landscape.
An Introductory Course to Digital Credit
In the growing field of digital credit, CGAP research has found exciting innovations along with fundamental miscalculations. CGAP's self-directed course, "An Introduction to Digital Credit," presents key lessons for practitioners, regulators and others with an interest in digital credit.
Four Common Features of Emerging Digital Credit Offerings
Digital credit has emerged at the digital finance frontier, drawing attention from all players across the DFS ecosystem. A new CGAP brief explores the inner workings and key characteristics of digital credit offerings.