KPMG Pulse of Fintech report sees investment in Asia hit US$16.8bil across 162 deals in 1H18, with China and India dominating the top 10 deals.
SEA fintech firm delivers 400% year-on-year growth compared to 2016.
Malaysia’s Khazanah Nasional and Singapore’s Temasek, GIC participate in round.
A report by Credit Suisse reveals that the entry of Chinese tech giants into the Asean region is helping develop its e-commerce and payments sectors.
The Thai-based fintech company is rapidly becoming the region’s leading financial services provider, serving rural communities.
Asia Pacific on the rise, with 30 companies from the region featured on the list,
Provides a suite of e-money solutions, including depositing and withdrawing cash, paying for online purchases, and domestic fund transfers.
Leveraging on their technology and local market insight for more accessibility to digital financial services in Indonesia.
Payment service can be used in various outlets ranging from high-end department stores, duty free outlets to hotels popular with Chinese visitors.
2016 experienced a decline in the market with a 47.2% slide in fintech investment, according to KPMG International’s The Pulse of Fintech.