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Factors That Are Driving Global Growth in Digital Lending

Ever wondered about the factors that take part in driving the global digital lending growth? Here is a short #ppt that throws light on the topic.<br>For a detailed explanation, check out our blog https://lnkd.in/dKgZTDAg<br>#digitaltransformation #digitallending #digitalmarketing #PPT

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Factors That Are Driving Global Growth in Digital Lending

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  1. AnISO27001CertifiedCompany FactorsThatAreDrivingGlobal GrowthinDigitalLending Singapore|MiddleEast|USA|Canada|UK|India

  2. AnISO27001CertifiedCompany Big Data and Technological Advancements Two-thirds of the globe now have access to mobile services because of smartphoneimprovements. The financial sector's businesses have been able to generate significant value becauseoftheavailabilityofbigdatasets. Inadditiontothebankingindustrybenefitingfromadvancesinmobileinternet technology, digital lending is also greatly aided by advances in biometric technology. Singapore|MiddleEast|USA|Canada|UK|India

  3. AnISO27001CertifiedCompany The Internet Savvy Millennials There have been several intriguing trends that have emerged with the growth ofinternetoutlets. Whenmakingpurchases,consumersincreasinglyturntowebsites,social media,videos,andonlinereviews. Physicalcontactbetweenthebuyersandsellersisnolongernecessarydueto theshiftinthebuyer'sbehavior. Singapore|MiddleEast|USA|Canada|UK|India

  4. AnISO27001CertifiedCompany User-FriendlyInterface Lenderscannowcreateinterfacesthatareincrediblyseamlessand aestheticallypleasingbecauseofadvancementsinUXandUIresearch. Theuserinterfacefrequentlyincludesbuilt-incustomersupportwhich ensuresthatsupportisprovidedeverystepoftheway. Theborrowermayeasilycommunicatethroughchatorphonewithacustomer servicerepresentativetogettheirdoubtsandqueriescleared. Singapore|MiddleEast|USA|Canada|UK|India

  5. AnISO27001CertifiedCompany Decreased Cost of Infrastructure The introduction and widespread availability of low-cost cell phones is a driving force behind the rapid growth of digital lending, along with easy and affordableaccesstotheinternet. According to a recent Statista poll, just 90.63 million individuals possessed at leastonesmartphonein2012. Ten years later, in 2022, more than 880 million people own at least one smartphoneandspendatleast3hoursperdayusingthem. Singapore|MiddleEast|USA|Canada|UK|India

  6. GetInTouchWithUs AnISO27001CertifiedCompany +6531384660 www.transformhub.com sales@transformhub.com ISN- Singapore|MiddleEast|USA|Canada|UK|India

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