Tag "fintech ecosystem"

Kyrgyzstan 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

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Indian 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

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Investors 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

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Brunei’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

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5 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

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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

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Fintech 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

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India’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

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Fintech 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

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Vietnamese 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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