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


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The Asia-Pacific region that includes India could see a considerable slowing down in fintech activities, compared with the record-high growth seen in 2021, due to rising inflation, increasing interest rates and continuing geopolitical uncertainty, said KPMG on Wednesday. The Asia-Pacific region received fintech investments to the tune of $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. Especially, areas that saw significant investment interest during the height of the COVID-19 pandemic have lost some attractiveness, as per...