Tag "Southeast Asia"

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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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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Southeast Asia Enters Digital Banking Era

The transformation of consumer expectations and incumbent banks’ slowness to meet evolving consumer needs are creating significant opportunities for Southeast Asia’s new and upcoming digital banks, a Boston Consulting Group (BCG) study found. A survey of 3,250 consumers and 1,350

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Competition Heats up in Southeast Asia’s Buy Now Pay Later Market

In Southeast Asia, buy now pay later (BNPL) is becoming an increasingly popular way for shoppers to pay for purchases and players including Grab, GoJek, Razer and Oriente have all jumped at the opportunity. BNPL allows customers to make purchases

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