Southeast Asia’s fintech scene is going from strength to strength, with the regional industry valued at up to US$100 billion at the end of last year. Yet it has so far only produced a handful of unicorns — startups valued at more than $1 billion.
That statistic could change, however, given that many regional players are focusing on solving two key problems — how to increase financial inclusion and how to make mobile banking and payment a simple, seamless activity.
But how can banking on the unbanked, people with little or no access to banks and financial institutions, create such value?
Digging into the region’s demographics can help shed some light on this issue…
