Embedded finance booms in ASEAN

05/12/2022Article

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.

Want to keep reading?

Register for free to access Qorus freemium content

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

28/05/2025Article

Rethinking banking's physical frontier

How banks can successfully modernize their branch networks by implementing a strategic balance of physical and digital elements.

Insurance
26/05/2025Interview

At work with Cesar Jara Trujillo

From the Andes to innovation hubs: Cesar Jara Trujillo, Chief Innovation Officer at Pacífico Seguros, tells Boris Plantier from Qorus...

Digital Reinvention
26/05/2025News

CaixaBank unveils Generation + to support Spain’s aging population

New suite of services focuses on retirement planning, elder care, and financial well-being.

26/05/2025News

Lloyds Premier: A new offering for the financially established

Integrated perks, lifestyle benefits, and financial tools in one account.

Digital Reinvention
26/05/2025News

Sumeria introduces interactive calendar and smart spending insights in app update

French mobile bank adds visual tools, merchant tracking, and personalized account details.

Insurance
26/05/2025News

QIC introduces Qatar’s first personal cyber insurance

The coverage is designed to safeguard individuals from a wide spectrum of cyber risks, including phishing scams, credit card fraud,...

Digital Reinvention
25/05/2025News

BBVA unveils redesigned banking app with AI and personalized tools

The update introduces a native codebase designed for scalability across all markets, an overhauled visual identity, and a suite of...

Digital Reinvention
22/05/2025Article

Innovation of the Month: Millennium bcp’s Corporate Homebanking Platform

The Banking Innovation of the Month award for May goes to Millennium bcp’s Corporate Homebanking platform, a practical, user-driven solution...