The Paypers - "Venio, a mobile app providing nano-credit facilities to consumers in emerging markets, has begun offering credit facilities to unbanked consumers in Philippines.

Venio’s aim is to lift unbanked people into the financial system, help them to achieve financial discipline and a credit footprint in order to open up their access to financial services.

According to the latest report from the World Bank Group, 1.7 billion adults are unbanked globally, a figure approaching one fourth of the global population, with most of these cases coming from emerging markets."

The full article may be read here.