Category: Finance

Fintech will have a positive impact on emerging markets in 2019.  Emerging markets have few advantages like availability of low-cost human capital.  Hence they will be able to provide much more fintech solutions at a competitive price.  Moreover, they find it easier to switch over to new technologies and move on.  Like developed economies, they do not invest huge amounts in one type of technology.  Hence it is easier for them to adapt to changing technologies and move on.

Also, the emerging markets have numerous startups which can effectively take up small jobs.  Hence outsourcing becomes easy.

In emerging markets, the consumer expectation grows.  They do not look for mere products which facilitate financial inclusion.  There are so many untapped resources and the consumers expect a wide range of financial products which cater to their credit needs too.

The emerging markets have more of traveling and working for the population.  They prefer more access to financial services rather than access to banks or financial institutions.  Hence they want to avail financial services without much hassle.  Such a scenario helps leading video based KYC verification and biometrics verification easily penetrate the market.  Hence the impact of fintech will be felt more in emerging economies.  In fact, the emerging economies will be the reason for more innovations in fintech products.

Latest concepts like blockchain technology and cryptocurrency will achieve maximum growth only with the collaboration on emerging markets in development and innovation.  No doubt fintech will create more employment and investment opportunities in the emerging markets in 2019.  Emerging markets emphasize more need on data safety.  Hence complete fintech solutions with safety features can be developed and implemented in emerging markets.  They will prove to be innovation hubs and serve as centers of further growth and development.  In return, they will help the less developed markets to grow.

Wondering how to plan, get a loan easily, repay it without difficulty and end up in accumulating an asset??? Here comes the ultimate 12 months loan guide:

Maintain a good credit history:

Always ensure to pay the EMIs without any delay for the existing loans.  Smart borrowers maintain buffer amounts to pay EMIs without fail even in case of exigencies.  Sometimes the delay may not be intentional or due to financial crunch. You may forget to pay the EMI amidst busy schedule or during continuous business travel. Prevent such possibilities by paying one installment in advance.

Bankers prefer only borrowers with good credit history.

Compare Analyse and Act:

Taking a loan has a long-term financial implication.  Hence, read useful websites like .They help in providing reliable and useful comparison data on cheaper rates and advantageous terms.  Analyse the market movement of interest rate and pitch in at the right time when ample funds are available in the market at cheaper rates.  That way you can easily get high amount at low rates at convenient terms.

Stay prepared:

Estimate the timing of the financial need and start preparing in advance.  Start collecting information needed and get your doubts clarified.  Keep the proofs, security etc. ready.  This will help in avoiding rejections and fast processing of your loan.

Don’t try to eat more than what you can have:

The EMIs should be in accordance with your Income level.  In case the borrowing chokes your financial liquidity and life quality, then you may end up in default.  As a result, your credit history will be affected.  All financial institutions and bankers turn away from borrowers with bad credit scores.

Always have a financial plan:

Financial plans are needed not only for investments but also for loans.

Follow all the above tips to get and repay loans without difficulty.