Tag "Southeast Asia"

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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Southeast Asia’s Top 5 Largest Fintech Unicorn Exits

Over the past decade, Southeast Asia’s startup ecosystem has significantly matured with an estimated US$52 billion of venture capital (VC) invested into startups and an increasing number of large late stage deals, according to a 2021 report by investment firm

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Southeast Asia is Among The Highest Adopters of Mobile Banking

Over the past decade, Southeast Asia has undergone a significant technological transformation, a shift that’s been enabled by the region’s highly adaptable digital consumers. Consumers have leapfrogged to mobile devices, skipping personal computers altogether. Southeast Asia’s mobile-first digital ecosystem can

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Fintech Adoption Surges in Southeast Asia, Led by Digital Payments and Online Lending

Usage of digital financial services is witnessing strong growth in Southeast Asia this year, a trend mostly driven by digital payments and digital lending adoption, according to the eConomy Southeast Asia Report 2021. The annual report, produced by Google, Temasek

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Southeast Asia’s O2O Platforms Reach Mainstream Acceptance

In Southeast Asia, digital ecosystems have reached mainstream acceptance. A new research by Bain & Company found that more than 77% of surveyed consumers in the region’s six biggest economies (SEA-6), namely Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam,

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Southeast Asia Fintech Opportunity Pushes Startup Valuations Further Up

Southeast Asia’s large population of unbanked and growing Internet penetration make it a hotbed for fintech innovation and an attractive market for e-wallets and neobanks. Despite currently lagging behind more developed markets like Australia, the US and the UK, the

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Australian Fintech Startups Seek Singapore Investors to Help Fund SE Asian Expansion

With more and more Australian fintech companies interested in expanding into Asia, nine Aussie fintech startups will be showcasing their solutions during the Singapore Fintech Festival (SFF)’s Deal Fridays. Deal Fridays, jointly organised by the Monetary Authority of Singapore (MAS)

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Why Digital Ecosystems Are Key for Incumbents to Tap a US$25 Billion Opportunity

In Southeast Asia, the emergence of fintech startups and the entrance of bigtechs and platform services providers into the financial services space are shaking up the industry, forcing traditional financial services businesses to collaborate with other ecosystem participants and venture

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Southeast Asia Gears up for Open Finance Movement

Open finance, the next step in the open banking movement that broadens the scope to a wider range of products and services, offers new growth and distribution opportunities for banks, fintechs and other financial services providers. In Southeast Asia, regulators

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Real-Time Digital Payments Soar in Southeast Asia

In Southeast Asia, real-time payment schemes are entering the mainstream with many consumers now favoring the payment option over cash, a shift caused by changing payment necessities and preferences amid the COVID-19 pandemic, a new research by industry player ACI

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