Southeast Asian consumers unable to gain credit or access traditional banks are turning to neobanks. Conditions are ripe for these challengers to traditional financial institutions to make progress, although COVID-19 might threaten their disruptive potential.
As ASEAN works towards its ASEAN Banking Integration Framework goal, it is at risk of walking straight into the same traps as the EU did.
Aung San Suu Kyi believes her country could overtake Singapore as the region’s economic leader in 20 years time thanks to its huge potential for investment and young workforce. Reform is underway to make that possible, but the country’s same old ugly issues stand in the way.
Disruptive fintech startups are surging in Indonesia thanks to a lack of access to traditional banking and a mobile-first society hungry for new ways to manage their purchases. We round-up the best and the biggest of the firms currently attracting investment.