Traditional lenders, such as Banks, are increasing their assessment criteria, preventing more and more people to get access to credits. FastFinance 24 aims at offering these people an alternative to these traditional lenders.
Fast developing technologies enable easier access and faster processes
The fintech industry is one of the most fast-growing industry and constantly improves its offer, leading to faster processes and always more user-friendly interfaces.
Millions of consumers in developing countries are getting access to the online world.
On the other side, more and more people from developing countries are getting access to the online world, making it easier for companies to reach them. It is expected that these new users will strongly ask for payday loans in the coming years.
Growing acceptance for payday loans
With the world leader market, i.e. the UK, fostering borrowers’ protection by issuing stricter rules in the payday loan industry, the general acceptance for payday loans is increasing. Other countries such as the Scandinavian ones are also acquainted with that credit solution while it is getting more and more common in Easter and South-European countries.