Quark International which powers fastest growing lending companies in Asia expands into Mexico City. The expansion is an extension of Quark’s commitment to promoting financial inclusion in Latin America.
Quark’s decision to enter Mexico is due in large to the Fast paced growth and development in the Fintech industry which underpins Mexico government’s drive to promote financial literacy and economic growth through technology.
It is estimated that 42 million people in the country (or one third of Mexico’s population – are currently Unbanked and excluded from the traditional financial system. With greater drive and development in technology and the relevant infrastructure, Mexicans have increased their digital footprint and have become savvier, increasing the demand for innovative financial solutions.
Quark’s experience in Asia, expertise and technology will be well positioned to bring forth millions of unbanked consumers into the financial ecosystem and providing them with opportunities to be part of the economic progress.
About Quark International
Quark International Holdings is one of Asia’s fastest growing lending company in Southeast Asia and India. Quark is incorporated in Singapore (Reg. No 201932065N) and has existing operations in Vietnam, Philippines, Thailand, Indonesia, India and technology centres in China (namely Shenzhen, Chengdu). Quark employs an unparalleled technology to develop financial mobile applications that enable people to access financial solutions non-traditionally in an approved regulatory environment. Its mission is to create an easy access to financial solutions and financial literacy knowledge via technological means such as mobile phones. Overall, establishing a sound financial infrastructure to elevate quality of life and reduce social inequality.
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