Why The Future of Fintech Looks Bright in the ASEAN Region
By Nidhi Singh
Fintech is a hot topic these days. The technology is quickly gaining popularity and adoption, as many global countries are going through a complete digital transformation. A recent report by global accounting firm Deloitte, in partnership with Robocash Group, states that ASEAN countries have the highest potential in the fintech market up to 2020. The advanced landscape facilitates both the development of financial technologies and the inflow of investments is expected to increase by over 20-30 per cent compared to the previous year.
More than 60 private fintech firms shared their views on the factors facilitating or hindering the fintech development. The poll, which was released recently, revealed that the market capacity is the main driving force for the industry across the world.
Photo courtesy of Jaume Escofet.