The Fintech industry now is rapidly growing in every part of the world especially in Southeast Asia. Fintech’s funding is increasing from US$5.5 billion for 11 years ago up to US$78.6 billion now – Entrepreneur. It’s a huge amount and a very impressive achievement for fintech industry. Here are some of the reasons why people should believe fintech in Southeast Asia:
Fintech in Southeast Asia is moving fast
Fintech industry may have started in the United States and expand to Europe. But the potential was seen growing widely in Southeast Asia – This is because of the huge population in Southeast Asia, banking infrastructure and other factors such as those in China, India, and Indonesia.
For Southeast Asia, as we know Indonesia, Malaysia, and Thailand have a significant population. Due to this population, these countries can do more in investing activity for technology and infrastructure. So, fintech industry in these countries will be the among best in Southeast Asia with more advanced technology such as mobile payment, mobile apps, etc. These are the reasons why people should believe in the Southeast Asia’s fintech. Fintech in Southeast Asia, most of the times, offered services according to the advancement technology where citizens in Southeast Asia can never be left behind.
The Successful of Fintech in Southeast Asia
In Southeast Asia, this fintech have helped a lot of people, community, and others. It shows that fintech in Southeast Asia is very useful and trusted industry. Many individuals and organization believe in fintech to help them in business. Here are proves that successful of fintech in Southeast Asia:-
Bitcoin is ideal for all the ‘unbanked’ people in the Philippines
Southeast Asia’s fintech investments up 230% in Q2
There are 438m ‘unbanked’ citizens in Southeast Asia. Here’s how fintech can help
Looking beyond the hype at fintech in Southeast Asia
There are more reasons why people need to believe fintech in Southeast Asia. Fintech in Southeast Asia is undoubtedly very competitive. However, fintech in Southeast Asia will still be able to stand among other world-level Fintech firms in the whole world.
Article by Nabihah Jasri