Insights
Fintechs and traditional lenders do battle across Southeast Asia
Competition intensifies as digital services leapfrog legacy financial systems.
By
16 Oct 2021 • 6 mins read
Fintech
Only 10% of the country’s middle-income families invest in the markets, speaking to a huge gap to be tapped for India’s stock trading apps.
Indian fintech startups raised a whopping USD 4.6 billion in funding across 160 deals between January and August 2021.
Several major mutual aid platforms have been suspended this year, while regulators are determined to rein in tech firms’ control of insurance-like services.
Central banks collectively representing 20% of the world’s population are likely to issue general purpose CBDCs in the next three years, per a report by the Bank for International Settlements.
