Digital Lending Platform Market: Analysis | Leading Players, Industry Updates, Future Growth, Business Prospects 2020–2030
Global Digital Lending Platform Market: Introduction Digital lending platform enables an individual or a separate legal entity to offer loans (short-term/long-term). The whole process of lending is disbursed and managed through digital channels. Rise in adoption of internet, smartphones, peer-to-peer platform, and independent platforms is driving the digital lending platform market . Global Digital Lending Platform Market – Dynamics Rapid Increase in Financial Inclusion Specifically in Developing Countries The fintech industry has witnessed significant expansion across the globe. Expansion is majorly driven by Asia Pacific and Middle East. Some factors driving the market in Asia Pacific are increased internet penetration, increased government focus, and initiatives for the adoption of digitization to maintain transparency within the financial system of countries in the region. Rapid increase in the number of bank accounts has prompted financial institutions and other indust...