Vietnam is the region’s fintech hub

Vietnam’s strong economic growth in recent years has led to the flourishing of the nation’s digital economy. The country’s economy in 2017 was deemed to be one of the best performing in the region.

21 March 2019

Strengthening e-payments in Vietnam

2018 proved to be a fantastic year for the Vietnamese economy. Figures from the government showed that the socialist state’s gross domestic product (GDP) grew by 7.1 percent year on year in the first six months of 2018 – the fastest growth recorded since 2011. Vietnam’s impressive growth rate is expected to continue this year.As the Vietnamese economy continues to grow, consumption choices in the country have begun to change.

13 February 2019

Banking Southeast Asia’s unbanked

Southeast Asia is one of the most rapidly developing regions in the world with projected economic growth rates averaging 5.1 percent for member states of the Association of Southeast Asian Nations (ASEAN).

1 January 2019

The rise of ASEAN’s financial services

Ever since the financial crisis of 1997 swept Asia, many observers felt that some of the affected countries would never fully recover. Southeast Asian countries were among the victims, with Indonesia and Thailand among the worst hit. The currencies of both these countries were hit hard by speculative attacks which devalued them severely.

17 December 2018

Singapore’s Cocoon Capital announces tech fund

Singapore based Cocoon Capital recently announced a new US$20 million fund following its first US$7 million fund launched in 2016. The fund aims to bridge growing industry demands for more seed-stage funding in the region.“With the billions of dollars available in venture capital in the region, only a fraction is targeting seed-stage companies and Cocoon Capital seeks to help fill this gap”, said Will Klippgen, co-founder and Managing Partner at Cocoon Capital.

7 December 2018

Vietnam: Southeast Asia’s fintech hub

Vietnam’s strong economic growth in recent years has led to the flourishing of the nation’s digital economy. The country’s economy in 2017 was deemed to be one of the best performing in the region.

5 November 2018

A lucrative fintech partnership

The Monetary Authority of Singapore (MAS) and Indonesia’s financial services authority, Ororitas Jasa Keuangan (OJK) recently signed a Memorandum of Understanding (MoU) to strengthen cooperation in fintech and to foster innovation in financial services between the two nations.

29 October 2018

Can fintech help rural Indonesians?

Fintech is taking over Indonesia. With a growing middle class and high internet penetration, fintech firms are mushrooming all over the country. In 2016, there were only around 50 firms operating in Indonesia and it is believe that there are more than 150 fintech firms running in the country right now. Many of the proponents for fintech are claiming that fintech will herald in a new era of banking, while sceptics are more cynical of the advantages that fintech could bring to consumers.

3 September 2018

Fintech sandboxes in Southeast Asia

In the not so distant future, cross border transfer of money can be done with a few taps on your smartphone. Cash stored in virtual wallets and accessible via a secure smartphone application would make physical currency obsolete, while paving the way for digital cryptocurrencies. Such advancements fall under the wider web of financial technology or fintech for short.The fintech sector in Southeast Asia is currently facing a boom.

22 February 2018

ASEAN Roundup: January 15 – January 19, 2018

Spotlight on energyThis week, The ASEAN Post highlighted some challenges that ASEAN is facing in terms of deploying renewable energy and electrification throughout the region. As the region’s energy demands grows, countries such as Myanmar are moving forward in order to quench the thirst for electricity.

21 January 2018

Understanding blockchain

Bitcoin cryptocurrency has been receiving some bad press in Asia recently because of the lack of a central regulating authority for transactions. While Southeast Asian governments’ have their reservations about Bitcoin, they are remarkably interested in the underlying technology called blockchain.Breaking down the blockchainAt its most basic level, a blockchain is just a data structure combining different technologies into one, depending on an operator’s choice of configuration.

9 January 2018