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The global fintech sector is worth $26 trillion, with the total spending by app consumers hitting $157 billion. Digital microcredit or a microloan is issued electronically, online and there are just a couple of things you should know about this service, it is: Short-termMicrocredits are usually requested to satisfy some urgent needs or even current day-to-day expenses. Microcredits can commonly be accessed remotely via apps, SMS, SIM toolkits, and USSD data. The main target audiences of microcredit providers are small business owners and students.
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