
Tag "fintech ecosystem"
Indonesia Fintech Report and Map 2020
Indonesia has the world’s 16th largest economy and is the world’s fourth most populous country with 274 million people, out of these 84% below the age of 54. With Internet penetration standing at 67% and financial inclusion remaining a key
Read MoreKyrgyzstan Wakes up to Fintech Potential
Kyrgyzstan’s nascent fintech is getting a boost as the government begins setting the foundations for further development, launching reform plans and key initiatives to bolster digital payments adoption and banking innovation. Over the past few years, the Kyrgyz government has
Read MoreIndian Fintechs Ride Digital Payment Wave to Expand to Lending, Wealth, Insurance
With approximately 200 million active users and 30 million merchants, Indian payment players are now riding the growth of digital payments to expand to other financial segments beyond their core offerings, including wealth management, insurance and lending, says a new
Read MoreInvestors Bullish on Indonesia’s Fintech Sector
Fintech continued to lead Indonesia’s startup funding landscape in 2020, making up for most of the money raised that year, ahead of software-as-a-service (SaaS) and e-commerce. 2020 marked the fourth year where fintech dominated the amount of funding in the
Read MoreBrunei’s Fintech Industry Continues to Grow Amid Rising Demand and Government Push
Though still in its early stages, Brunei Darussalam’s fintech ecosystem is developing quickly on the back of rising demand for low-cost fintech products, increasing number of entrepreneurs and startups, and supportive government initiatives, according to a new report by the
Read More5 Stories that Shaped Fintech in Singapore in 2020
Despite global turbulences caused by COVID-19, the Singapore fintech industry remained resilient in 2020 on the back of new favorable rules, fintech initiatives from the government, and increased demand for digital solutions. Over the past five years, the Singapore fintech
Read MoreFintech Thailand Startup Map 2020 Showcases Growing Industry
Over the past years, the Thai fintech ecosystem has grown steadily, now boasting some 96 startups, according to Fintech News’ latest Fintech Thailand Startup Map draft. The map showcases the domestic fintech startup ecosystem which includes startups operating in payments
Read MoreIndia’s Fintech Industry Growing Strong Despite COVID-19
Home to more than 2,100 fintech companies, India is one of the world’s largest fintech markets, after the US, China and the UK. Despite the massive disruption brought by COVID-19, fintech companies remain bullish on the long-term growth prospect of
Read MoreFintech Set to Enter a New Phase in the Philippines
Strong fundamentals, a supportive regulator and a comprehensive cell phone coverage, are some of favorable attributes of the Philippine market set to drive the digital transformation of the country’s financial sector, according to a report released earlier this month by
Read MoreVietnamese Banks Ramp up Fintech Development
Fintech is gaining popularity around the world including in Vietnam where experts and industry observers predict strong growth, driven by the country’s low banking penetration and young and increasingly affluent population. “Vietnam has strong growth potential for fintech development, and
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