For those living in emerging markets where credit products are still relatively new, navigating the credit landscape can be an overwhelming ordeal. However, understanding how to be responsible with credit is essential for establishing and maintaining a positive financial profile and a long credit history. In this article, we’ll dive into  three most common credit…

Credit cards can be a powerful financial tool, but they often come with misconceptions that can mislead users, especially in emerging markets where credit is a relatively new concept.  Let’s clear up some of these myths to help you make the most of your credit card and maintain a healthy financial profile. Myth 1: Carrying…

Getting your first credit card is a significant financial milestone. It opens doors to numerous opportunities, from building your credit history to enjoying rewards and benefits. However, with great power comes great responsibility.  Before diving into the world of credit, it’s crucial to arm yourself with knowledge to make informed decisions and avoid common pitfalls.…

Understanding how to navigate the world of credit can be a Herculean task but at the end of the day, it is ultimately satisfying.The three C’s stand for character, collateral, and capacity. Typically, these factors of credit are used to determine the creditworthiness of a business or an individual.  Whether you are an entrepreneur stepping…

In today’s interconnected global economy, access to credit is not just a financial service but a gateway to opportunity. However, for millions of individuals and businesses worldwide, this access remains elusive due to various barriers, including limited credit histories and lack of technical sophistication to create an all-inclusive ecosystem that can easily report and distribute…

Whether we like it or not, our approach to money is heavily influenced by the time period we grew up in.  Every generation gets labelled with stereotypes, often by other generations – whether it’s about still using outdated technology like fax machines, enjoying ’80s movie marathons, prioritising self-care spending, or spending too much time on…

When it comes to developing and emerging markets, Africa stands out as an enigma, holding within its borders a plethora of untapped opportunities. In recent years, Africa has emerged as a continent with immense economic potential, attracting global attention and investment – one may argue that its rapidly growing middle class, burgeoning urbanization, and a…

In recent years, the finance industry has witnessed a significant transformation with the rise of Buy Now, Pay Later (BNPL) services. These services have become immensely popular, reshaping the way consumers approach payments and giving rise to a new era of convenience and flexibility. As this trend continues to gain momentum, businesses are exploring innovative…

In the ever-changing world of finance, innovation continues to reshape lending and credit assessment approaches. However, the conventional credit scoring model, primarily reliant on credit history and income, often underserves a significant portion of the population, particularly immigrants. This is where alternative data comes into play, offering a more comprehensive understanding of an individual’s financial…

In the world of lending, making the right decision can be a daunting task. One common challenge  Financial institutions, lenders, and credit providers all grapple with is how to accurately evaluate an individual’s creditworthiness. Because  traditional credit history evaluations come with limitations, they can hinder the ability to make informed lending decisions. Traditional credit history…