News Snapshot:
Southeast Asia is largely ahead of the pack in the adoption of fintech and web3, including metaverse-related tools, Meta and Bain & Company’s annual SYNC SEA report shows. Southeast Asia sees a higher level of penetration of e-Wallets, cryptocurrency and non-fungible tokens (NFTs), compared to most other markets including China, the US, the EU and Japan. Malaysia and Singapore are at the forefront of adoption in the Internet banking space, with the rest of Southeast Asia still catching up. The world has been seeing how digitalization is reshaping Asia — but the region that is leading in the overall adoption...
