Is Southeast Asia Entering Its Golden Age of Fintech? – Fintech Singapore – Planet Storyline

Despite limited access to traditional banking services, rising smartphone penetration and rapid e-commerce growth have led to an increase in the use of digital financial services in Southeast Asia. Today, the region is emerging as a hotspot for fintech innovation across all major areas including payments, lending, insurance and investing. Adoption of fintech had been on the rise prior to COVID-19, but the shift to digital channels brought about the pandemic has further accelerated the use of digital financial services. The eConomy Southeast Asia Report 2021, produced by Google, Temasek and Bain & Company, found that across all major digital…