ASEAN - an economic bloc of ten countries – is a region of diverse cultures, languages, business norms and regulatory frameworks. This diversity poses challenges when navigating its complexity, but also opportunities for those who can do so successfully.
It is also a region with a growing base of digitally-savvy and increasingly affluent consumers, an appealing proposition for those with innovative ideas and solutions to serve ASEAN’s consumer base.
Given the region’s strong economic growth potential and favourable demographics, it is not surprising that ASEAN is attracting significant investor and FinTech interest. According to data platform Tracxn, US$458 million had been invested into FinTech firms as at 26 October 2018, up 25 per cent from end-2017.
This report aims to highlight potential business opportunities and key FinTech trends in ASEAN, including:
Find out how you can better navigate ASEAN with our State of FinTech in ASEAN whitepaper, in collaboration with EY, Singapore FinTech Association and ASEAN FinTech Network.
The term Financial Technology (FinTech) has come to mean innovative financial solutions that have harnessed technology in new and creative ways. Read on to understand the key types of FinTech innovations.