Nations in Southeast Asia are reportedly among the hottest spots for FinTech opportunities in 2019. Growing economic activities and government incentives are attracting FinTech solutions to various sector. Reports show optimistic look for companies in the space of digital banking and payments, AI and blockchain technology.
A report from Deloitte published on 31 December 2018 estimated that FinTech investments in Southeast Asian countries in 2018 have exceeded the $5.7 billion invested in 2017 by up to 30%. Google’s e-Conomy SEA report anticipated the Internet economy in Southeast Asia to have increased by 44% in 2018. This robust growth is set to continue as the FinTech market is projected to reach US$72 billion by 2020.
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