Not only does fintech hold massive potential for Asian businesses – those who do not get on board soon will be left behind, warns Lawrence Yeo.
An important factor is that of Southeast Asia’s huge population, many are “unbanked” - meaning they lack access to traditional banks and services.
Although bank penetration in Vietnam is consistently growing, it still trails other Southeast Asian nations with only 59 % banked citizens only in 2017
China is quickly adopting financial technology, as both consumers and businesses are drawn to a slew of handy and efficient services
Customers using face-detection technology to make payments has become popular in China where 14% of customers don't carry any cash at all
T2P Deep Pocket, Thailand’s e-wallet service provider, has closed a $3-million series A round led by J-Venture, the corporate venture capital arm of SET-listed mobile retailer...
Transforming Thailand into a “Digital Economy” is one of the government’s top priorities to foster the economic and social prosperity of the country
Payment technologies in China have exploded recently: they enable many types of payments including P2P (peer to peer), functioning online, offline, short and long range.