PayJoy Announces 20 Million Customers Across Emerging Markets
PayJoy has reached 20 million customers in Latin America, Africa, and Asia, driven by its PayJoy Card and inclusive credit innovations. The company has financed over $3.5 billion in loans since 2015, using phone-based collateral to reduce credit risk. Research indicates PayJoy customers are three times less likely to be late on payments compared to competitors.
Topics: credit access customer growth emerging markets financial inclusion technology