The ASEAN region’s fintech industry may not draw the headlines of its peers in North America and China, but it has been slowly gaining steam over the past few years and has increased its share of global fintech investment from 2% in 2018 to 7% in the YTD 2022, according to UOB.
UOB took a closer look at the fintech industries across the ASEAN-6 (Indonesia, Malaysia, Singapore, Thailand, the Philippines and Vietnam) and discovered that Singapore and Indonesia won the lion’s share of funding, while the payments sector proved most attractive to investors.
Embedded finance booms in ASEAN
05/12/2022Article
Leverage collective expertise and innovation to transform finance
Our global ecosystem brings together exclusive insights, interactive events, innovation hub and topical communities all in one place.
Related news & insights
Digital Reinvention
26/06/2025Article
Danamon strengthens Sharia banking with digital push and community outreach
As Islamic finance expands in Indonesia, Danamon taps into digital tools and targeted services to drive inclusive growth.
ESG
26/06/2025News
Breaking barriers: How a supermarket receipt connects people to free banking help
PLUS Waalwijk and ABN AMRO test simple solution to bridge the digital divide.
Innovation Awards Hub
23/06/2025Interview
A gold standard in claims: Swiss Re’s AI ecosystem recognized for operational excellence
Swiss Re recently won gold in the Qorus-NTT DATA Innovation in Insurance Awards 2025 in the Operational Efficiency category for...
Digital Reinvention
23/06/2025News
BNP Paribas rolls out internal platform to scale generative AI use
LLM as a service to support AI integration across business units.
Digital Reinvention
23/06/2025News
BBVA’s AI coach aims to turn money management into a daily habit
New app feature guides users through saving, spending, and goal-setting with a personal touch.
Digital Reinvention
23/06/2025News
Smartwatch payments made easy: Axis Bank, boAt, and Mastercard launch tap-to-pay wearable
In a push to bring everyday banking to users’ wrists, Axis Bank has teamed up with Indian wearable brand boAt...
Digital Reinvention
18/06/2025Article
FIDA is still on the table but it’s coming and banks must get ready now
The EU’s FIDA rules could take effect as early as 2027, forcing banks to rapidly overhaul systems and processes for...
Innovation Awards Hub
17/06/2025Article
Qorus and NTT DATA announce winners of the tenth Innovation in Insurance Awards
This year, the competition achieved outstanding results, with 272 projects submitted by 146 institutions from 49 countries. Backed by Qorus’...