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

Innovation Awards Hub
14/07/2025Interview

Award-winning AI for Pet brings preventive screening to pet insurance

South Korea’s AI for Pet won silver in the Insurtech category at the Qorus NTT DATA Innovation in Insurance Awards...

Digital Reinvention
09/07/2025Article

Driving a new era of financial crime prevention through AI-powered insights and data analytics

In 2024, banks spent around US$206 billion on financial crime compliance, yet up to US$2 trillion is still laundered globally...

Insurance
08/07/2025Interview

At work with Gaurav Saxena

Gaurav Saxena is Chief Distribution Officer – Bancassurance at Aditya Birla Sun Life Insurance. He speaks with Boris Plantier from...

Innovation Awards Hub
07/07/2025Interview

How Ping An turned innovation into impact—and took home five awards

With no fewer than five trophies won, including the Gold award in the Global Innovator of the Year category, Chinese...

02/07/2025Article

Qorus ramps up community engagement and outlines its 2025–2026 plans

The organization continues to strengthen its communities across five continents and is now unveiling its priorities to support the rapid...

Digital Reinvention
01/07/2025Article

Financial Innovation Spotlight – June 2025 edition

This edition of the Innovation Spotlight brings together a selection of recently launched innovative projects that caught the eye of...

01/07/2025News

Africa unveils its first Pan-African card scheme

Africa has launched PAPSSCARD, the continent’s first Pan-African card system, marking a significant step toward financial self-sufficiency

01/07/2025News

Revolut and NBA launch co-branded cards for basketball fans

Revolut has launched two new NBA-themed payment cards, offering basketball fans premium designs inspired by the court and ball.