Tag "Digital Financial Services"
Lending is the Single Largest Fintech Revenue Driver in Southeast Asia
The digital economy of Southeast Asia remains robust, its resilience cemented by digital financial services that have proven to be the bedrock of growth amidst the pandemic and prevailing economic turbulence. The link between revenue and gross merchandise value (GMV)
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Are Digital Service Providers’ Financial Inclusion Efforts in Asia Bearing Fruit?
In Southeast Asia, the availability of digital financial service alternatives has had a transformative impact on financial inclusion. These initiatives have empowered individuals and micro-businesses, creating opportunities for job creation, education, improved healthcare, and enhanced livelihoods. The positive outcomes of
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Is Southeast Asia Entering Its Golden Age of Fintech?
Despite limited access to traditional banking services, rising smartphone penetration and rapid e-commerce growth have led to an increase in the use of digital financial services in Southeast Asia. Today, the region is emerging as a hotspot for fintech innovation
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Digital Financial Services Picks Up Steam in Cambodia
Over the past few years, digital financial services have seen greater adoption in Cambodia, a trend that was accelerated by the COVID-19 pandemic and the social distancing measures put in place to limit the spread of the virus. Rising usage
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Vietnam, Philippines, Indonesia Among Top 10 Most Unbanked Countries in the World
Among the top ten most unbanked countries in the world, three are located in Asia Pacific (APAC), namely Vietnam, the Philippines and Indonesia, according to data provided by British research platform Merchant Machine. Vietnam ranks second in the top ten
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Fintech Sees Strong Growth in South East Asia as COVID-19 Skyrockets Digital Adoption
Despite COVID-19 headwinds, Southeast Asia’s digital economy has remained strong and resilient, adding 40 million people into the online space this year. Owing to the surge in digital adoption by customers and businesses, usage of digital financial services has jumped
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Indonesia’s Digital Financial Services Growth Potential
Only 36% of Indonesia’s population is connected to formal financial institutions, leaving an estimated 110 million unbanked citizens due to banks’ high fees, lack of consumer trust and long distances to branches. GOVERNMENT ASSISTANCE AND SUPPORT The Indonesian Government is
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What is Digital Transformation and Why is it a Disruption?
There are many talks about “Digital Transformation” recently, but what does it really mean, and why is it called a disruption? Depending on how you perceive it, this term may be just a fad to you, or it may mean the
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6 Fintech Events In Indonesia
As a country with high Internet penetration, high middle-class growth, and poor penetration of financial products, Indonesia is fertile ground for financial technology. Indonesia is arguably the most exciting market for cards and payments in the world. With a population
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The Most Anticipated Fintech Events in Asia – Second Half of 2016
Fintech News will update you once again about the most anticipated Fintech events in Asia in the second half of 2016. These events vary from Fintech in general, Lending, Digital Finance, Customer Experience, Mobile Payments, or IOT, which gather top industry
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