The European Union has been moving closer to a cashless society in recent years, in some countries more than others. Fueling the trend has been the rise of financial technology, or fintech solutions, as consumers flock to mobile and internet offerings over brick-and-mortar banks, leaving cash out in the cold. Continue reading Cashless Europe: How Fintech Benefits the Development of the Digital Society
Vietnam: an Untapped Pool of Consumer Lending Opportunities
Posted onThe global situation in 2020 has pulled everyone out of their comfort zone and predictions about economic growth have become more difficult to make. Risks need to be evaluated with a different mindset because despite uncertainty, there will always be opportunities no matter the situation.
This article will evaluate the case of Vietnam as prospective market for consumer lenders. We will look at the economic picture, consumer behavior, and political forces that aim to support and shape the consumer lending industry as a viable investment consideration. Continue reading Vietnam: an Untapped Pool of Consumer Lending Opportunities
Saving Money During the Pandemic: Utopia or Reality?
Posted onWith wages down and unemployment sky-high, socking away extra cash might seem like a catch 22. In the UK, the number of Brits to file for unemployment in April soared 70% to nearly 2.1 million, reflecting the largest increase in history. People are working fewer hours, and the government has had to swoop in with wage subsidies for millions of jobs, furloughs that are set to begin dwindling in August. According to Ernst & Young partner in Baltic States Guntars Krols, no European economy has gone unscathed from the COVID-19-fueled economic crisis. Were it not for government subsidies in Latvia, the unemployment rate would be much worse than it is. Continue reading Saving Money During the Pandemic: Utopia or Reality?
VIAINVEST announces new bank details in cooperation with VIALET
Posted onFor quite some time VIAINVEST has been accepting deposits to its account opened with VIALET – a digital payments platform holding an electronic money institution license. VIALET is also a part of VIA SMS Group – the mother company of VIAINVEST, so we have decided to endorse this product and fully shift to it by closing our Swedbank account and accepting deposits/ making withdrawals only through the account opened with VIALET starting from June 1, 2020.
Continue reading VIAINVEST announces new bank details in cooperation with VIALET
8 Ways to Handle an Economic Recession
Posted onIt’s hard to deny even the word recession has an ominous ring to it. It’s difficult to prepare for one, and when the economic slowdown hits, it usually catches most people off guard. In fact, the COVID-19 pandemic has not only had an undeniable effect on the global economy but also people’s moods. Continue reading 8 Ways to Handle an Economic Recession
VIAINVEST Expands Its Business Loan Portfolio
Posted onWe have said it before, and we’ll say it again – the ongoing economic fluctuations caused by the COVID-19 pandemic doesn’t scare us. Yes, we know it’s all serious and times have been uneasy, to say the least, but we at VIAINVEST are fully prepared and equipped to go forward. To prove that these are not just words, we are proud to present to you the latest addition to our business loan portfolio – loan for consumer loan business development in Vietnam (not pre-funded). Continue reading VIAINVEST Expands Its Business Loan Portfolio
Rebuilding the Economy – an Optimistic Outlook
Posted onIt’s all too easy, at the moment, to imagine the future as one of catastrophe, even as a dystopia. The world is suffering through a tragedy, and many feel powerless because of it. It’s understandable—there isn’t a clear end to the COVID-19 crisis in sight yet, and experts can’t seem to agree on when that time will come either.
There is one thing they all agree on though: the fact that the current situation will eventually end, and that we have a brighter future ahead of us. For those that find this too abstract, there are several concrete reasons for this expectation. While the media mostly focuses on the bad news, there is also some good happening right now. Continue reading Rebuilding the Economy – an Optimistic Outlook
Managing Wealth during an Economic Recession or Economic Hardships
Posted onWith the global slowdown of economic activity, there has been an increased report of countries falling into recession. The coronavirus (also referred to as the COVID-19 pandemic) has been the main driver of this.
With all the uncertainty, Bloomberg postulates that there is light at the end of the tunnel. We will discuss the best practice to managing your wealth during financial uncertainties so that when the economy picks up again you will be glad you didn’t panic. Continue reading Managing Wealth during an Economic Recession or Economic Hardships
Keep Calm, Stay Invested
Posted onIt’s no secret that the COVID-19 pandemic has caused an unprecedented humanitarian and health crisis, not to mention the impact on the global financial markets. Volatility has spiked, and nobody can predict the severity and length of what’s ahead of us. Challenges caused by the destabilizing effects of the pandemic will not be easy to overcome, however, we at VIAINVEST remain optimistic about the future. Continue reading Keep Calm, Stay Invested
What Can I Expect to Happen to My Investments During the Coronavirus Crisis?
Posted onYou may be looking for some road-map to help you understand what to expect from your investments during the health and financial crisis brought on by COVID-19, also known as coronavirus. While nobody knows for certain how things will play out, there are some common themes that are unfolding in the financial markets that we can explore, as well as the historical precedents from previous crises. Continue reading What Can I Expect to Happen to My Investments During the Coronavirus Crisis?