Peer to Peer lending is continuously making a name of its own since it was first introduced way back 2005. With our constant technological advancements, the people’s demands and lifestyle are also evolving.

Having enough savings that will suffice each person’s growing demands is quite a challenge in our present-day and age. One disadvantage of this ongoing technological advancements is that there are people who struggle to keep up financially with the current trends.

The excessive use of social media is one driving force for the present generation to perpetually get a hold of their wants and desires. Technological advancements have also made the people’s lifestyle take up a notch. This is why Peer to Peer lending platforms have slowly become known to people because of its convenience. This type of lending platform also has a lesser interest rate and reduced risks.

With the growing needs of every individual and every member of the family, a month’s salary might not suffice all of it. Acquiring a Loan is one great way to aide your financial needs. Here in Vidalia Lending, you are guaranteed with financial help in no time, so long as you passed the evaluation.

With our current economic state and the people’s growing lists of demands, experts are quite certain that with the coming year, Peer to Peer lending will gain even more fame. Below are some of the Peer to Peer trends to look out for in 2019:

Peer to Peer to spat growth in other countries

 

Asian countries are recorded to have enormous growth in the Peer to Peer industry. Among the Asian countries with a staggering growth of P2P are China and the Philippines. Other countries have also started introducing this type of lending and investing platform. This is actually a result of the underlying attention that the P2P industry is currently facing.

Brazil is one of the countries to formally authorize Peer to Peer lending nationwide, the same goes for India. In India, to ensure the safe use of this type of financial and monetary transactions, the Reserve Bank of India (RBI) has issued guidelines and later on will be strictly acclaimed into law.

Indonesia and Israel, on the other hand, have already launched Peer to Peer in their countries. Although relatively new, it has already recorded a promising growth since its inception in both countries.

Banks to step in the Peer to Peer Industry

 

Asian countries are recorded to have enormous growth in the Peer to Peer industry. Among the Asian countries with a staggering growth of P2P are China and the Philippines. With the underlying attention that the P2P industry is currently facing, other countries have started introducing this type of lending and investing platform.

Brazil is one of the countries to formally authorize Peer to Peer lending nationwide, the same goes with India. To ensure the safe use of this type of financial and monetary transactions, the Reserve Bank of India (RBI) has issued guidelines and later on be strictly acclaimed into law.

Indonesia and Israel, on the other hand, have already launched Peer to Peer in their countries. Although relatively new, it had already recorded a promising growth since its inception in both countries.

Banks to step in the Peer to Peer Industry

 

Banks are now slowly recognizing the strong potential of P2P. Today several banks are now attempting to break into the Peer to Peer industry. Other digital banks have now started to compete with P2P lenders.

This shows that banks are now open with the possibilities of engaging with P2P, this also shows that we can expect other promising opportunities with both financial institutions in the future.

Peer to Peer Popularity with Generation X and Millennials

 

Millennials, Gen X and younger financiers are the common clients of Peer to Peer industry. According to surveys, these people prefer P2P over traditional loans and conventional ways of investing.

In Europe, it is recorded that over half of the P2P market is composed of the younger generation aging from 22-37. Another important thing to notice is that these people prefer to invest in P2P than other investment platforms.

On a recent study, investors age 18-34 are more likely to invest their money in a Peer to Peer platform than investors over the age 55 and above.

From Personal Loans, Salary Loans, Business Loans to Small Business Loans, you can procure any of these types of loans in just 3 easy steps. Apply for your preferred Loan, phonecall assessment within 48 working hours, pass all required documents online and wait for the decision all within 1-2 days. Receive your borrowed cash in 2-3 days.