Other advantages of fintech financing were related to its accessibility. The company statistics show that a lot of customers of relevant services are residents of rural areas. In many cases, they are self-employed or employed informally, and few of them have some credit history. In this respect, the possibility to get formal financial assistance looks positive by itself. For instance, a reduced list of supporting documents is the main advantage provided by online financing tools for 22.8% of respondents in the Philippines. Third place belongs to a higher probability to obtain financing with 9.6% of voices. On the total scale of the four countries, this feature was appreciated by 12.5% of all respondents who took part in the survey.
One more group of advantages relates to the convenience of fintech services at use. The round-the-clock operation, together with a variety of ways to obtain cash, complements significantly to the speed factor.
