News Snapshot:
The Southeast Asia (SEA) region is in the midst of a banking evolution. Digital banks are proliferating across SEA countries on the back of favourable regulatory changes, market liberalisation and enhanced digital penetration on the part of consumers. Further, smartphones are now becoming an indispensable part of people’s lives and emerging as a socio-economic tool to bridge the technology divide, thereby promoting the digital banking ecosystem. The rising smartphone penetration has also led to substantial growth in e-payment solutions. This has steered a strong regional appetite for digital financial products. Digital banking adoption is growing across the region. While Singapore’s...
