The latest Altron FinTech Short-term Credit Impact (AFSCI) index reveals an expected 7.8% quarter-on-quarter decline in net short-term credit extension for the second quarter of 2022. The Altron FinTech index, based on previous data, indicated a 5.2% decrease in net credit extension between the fourth quarter of 2021 and the first quarter of 2022; however, National Credit Regulator (NCR) data showed that the actual decline was larger at 8.3%.
