Fintech market in Asia-Pacific could decelerate: KPMG research


Key Topics in this News Article:

News Snapshot:

The Asia-Pacific area, which incorporates India, might see a substantial slowing down in fintech actions, in contrast with the record-high development seen in 2021, attributable to rising inflation, rising rates of interest and persevering with geopolitical uncertainty, mentioned KPMG on Wednesday.The Asia-Pacific area obtained fintech investments to the tune of $41.8 billion in 607 offers within the first half of calendar 2022.However, verticals equivalent to retail funds, insurtech and B2C options, Crypto, NFTs and blockchain have witnessed cooling off throughout H1. Especially, areas that noticed vital funding curiosity throughout the peak of the COVID-19 pandemic have misplaced some attractiveness, as...