Fintech market in Asia-Pacific may slow down: KPMG study Explore Trending News


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The Asia-Pacific region that includes India could see a significant slowdown in fintech activity, compared to peak growth in 2021, due to rising inflation, rising interest rates and continued geopolitical uncertainty, KPMG said on Wednesday. The Asia-Pacific region received fintech investments of up to $41.8 billion in 607 deals in the first half of calendar 2022. However, verticals such as retail payments, insurtech and B2C solutions, Crypto, NFTs and blockchain have witnessed cooling off during H1. In particular, areas that saw significant investment interest during the COVID-19 pandemic have lost their appeal, as per the Pulse of Fintech H1 2022...