Small debts, big problems  <source: restofworld.org> "According to Reuters, a state-compiled report on how Ant Group’s microlending products have encouraged poor people to build up debt... “Because it doesn’t need to meet strict financial requirements, online microlending has evolved into more like a Ponzi scheme,” Shen Yan, an economics professor at Peking University’s National School of Development, tells Rest of World. “For some companies, the ‘better clients’ in their eyes are those who can’t stop borrowing money.” “Most people don’t bother to calculate the interest. They just see the advertisement and think, ‘Oh it doesn’t cost much.’” The story behind Ant's ( and others FinTech )  high growth micro-lending business..... Although this is still not happening in SG , but I think is better to know and understand the "pitfalls " behind these so called...