According to a 2022 survey among P2P/marketplace consumer lending users in Southeast Asia, 76 percent of the respondents borrowed from fintech platforms more than once. 37 percent of the respondents in Southeast Asia borrowed from fintech platforms more than five times as of 2022.
Frequency of borrowing from fintech platforms in Southeast Asia in 2022
Characteristic
Share of respondents
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Cambridge Centre for Alternative Finance. (December 7, 2022). Frequency of borrowing from fintech platforms in Southeast Asia in 2022 [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1370878/sea-frequency-of-borrowing-from-fintech/
Cambridge Centre for Alternative Finance. "Frequency of borrowing from fintech platforms in Southeast Asia in 2022." Chart. December 7, 2022. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1370878/sea-frequency-of-borrowing-from-fintech/
Cambridge Centre for Alternative Finance. (2022). Frequency of borrowing from fintech platforms in Southeast Asia in 2022. Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1370878/sea-frequency-of-borrowing-from-fintech/
Cambridge Centre for Alternative Finance. "Frequency of Borrowing from Fintech Platforms in Southeast Asia in 2022." Statista, Statista Inc., 7 Dec 2022, https://www.statista.com/statistics/1370878/sea-frequency-of-borrowing-from-fintech/
Cambridge Centre for Alternative Finance, Frequency of borrowing from fintech platforms in Southeast Asia in 2022 Statista, https://www.statista.com/statistics/1370878/sea-frequency-of-borrowing-from-fintech/ (last visited July 22, 2024)
Frequency of borrowing from fintech platforms in Southeast Asia in 2022 [Graph], Cambridge Centre for Alternative Finance, December 7, 2022. [Online]. Available: https://www.statista.com/statistics/1370878/sea-frequency-of-borrowing-from-fintech/