Fintech | The Rise Of Super App In Asia

The Rise Of Fintech Trend In Asia

China

  • Total transaction value in the Digital Payments amounts to US$1,928,753m in 2020 (according to Statista)
  • Top Deals in 2018: Ant Financial’s Alipay raised $14 billion, Baidu spinoff Du Xiaoman Financial raised $4.3 billion, Lufax raised $1.3 billion
  • Four of the top 10 fintech companies in the world are China-rooted according to H2Ventures and KPMG

Singapore

  • Fintechs in Singapore picked up more than US$14,268m in 2020
  • Approximately 210 fintech firms have opened in Singapore — the fastest growth rate in Asia
  • Singapore ranks 4th in terms of importance in the global fintech industry — after the UK and the US

ASEAN

  • Market growth of the fintech market is expected to reach as much as $70 billion by 2020
  • According to Tracxn, FinTech firms had been invested US$458 million in 26 October 2018 — increasing 25 percent from end 2017

The Sheer Scale of Fintech

Traditional Banks Vs Fintech Startups

The Rise Of Super App In Asia

WeChat

Grab

Go-Jek

Sum Up

--

--

--

A quality outsourcing/offshoring company in Website/Mobile Apps, Blockchain services, AI - big data services. Visit our website: https://agiletech.vn

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

Insider’s View: Ticketing Regulation, A Step Towards Fair & Equal Access to All for Live…

Scooter Sharing App Development — All You Need To Know

Is Building Trust the Key to Fintech Growth?

Sales Tip | Best Practices for Handling Sales Proposals

The Department Store Blues

HRIS/HRM Software for Savings & Co-operatives

Social-impact & tech-for-good in Africa in 2019.

insurance cost on tesla

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
AgileTech Vietnam

AgileTech Vietnam

A quality outsourcing/offshoring company in Website/Mobile Apps, Blockchain services, AI - big data services. Visit our website: https://agiletech.vn

More from Medium

Swash Interview (Clemson Blockchain X Seth Uliniski)

THE IMPACT OF 5G ON MOBILE APP DEVELOPMENT

#CustomerChampions | Ashish Kumar

My Startup Journey — Part 1 — My Homeland