In 2024, Asia emerged as one of the leading technological markets for thousands of global fintech companies. This rapid growth was fueled by increasing digital adoption, supportive government policies, and a surge in venture capital investments. Countries like China, India, and Singapore played pivotal roles, offering innovative solutions in blockchain, digital payments, and artificial intelligence.
Key Points
- 🚀 Growth Opportunities Fintech in Asia is projected to be one of the key market opportunities by 2025, fueled by local support and innovation.
- 🔗 Emerging Trends Expect to see significant trends such as decentralized banking with blockchain, the integration of AI in finance, and rising interest in buy now, pay later (BNPL) options.
- 💳 Digital Payment Innovations With the increasing role of digital banking and fintech, expect enhanced security measures and a more level competitive landscape in the fintech sector.
Table of Contents
According to information provided by Skystar, the fintech market in Asia could close in 2024 with a revenue of USD 147.69 billion and is expected to grow further at a compound annual growth rate (CAGR) of over 16%, potentially doubling by 2029.
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About the author
Juan Allan is a financial journalist, he has worked in different finance and tech media. He currently works as an editor and business journalist at TBN.