How ASEAN Region Is Leading The Way In The Fintech World (Part 2)
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Factors driving the evolution of Fintech in ASEAN region Demand for Fintech solutions in ASEAN is powered by the vibrant, attractive market embracing economic potential, rapid adoption of technology and the fast pace of mobile and Internet penetration, as well as the need for financial inclusion of the underserved segment of consumers. These factors, combined with the increasingly innovative labor force have been transforming the payment landscape and driving ASEAN’s Fintech boom. 1. Vibrant, attractive market Real GDP average growth (%) of ASEAN digital leaders (Source: Business Monitor International) Strategically located in the heart of the Asia Pacific region,