Our offices across 12 countries and 3 continents all share the same vision. Your achievement is the reason for our existence and your growth is our passion.
The best market for FinTech right now is Southeast Asia
Share
According to a study about FinTech companies, the ASEAN market is representing the greatest opportunities for FinTech development in the nearest future. The report made by Deloitte and Robocash, in which more than 60 private FinTech firms were surveyed, states that Fintech investments in Southeast Asia in 2018 have exceeded the US$5.7 billion investments in 2017 by up to 20-30%.
Looking at the Southeast Asian market we have been seeing some successful ride-hailing startups, digital payment startups and some money remittance startups over the last couple of years. Right now, you could say that all eyes are on Southeast Asia and all the FinTech developments going on over here.
The most promising areas in FinTech right now are the online lenders and FinTech firms that facilitate access to credit.
What contributed to this continued growth is the insufficient financial inclusion that has opened up these opportunities for the entire FinTech industry. And the robust growth in the ASEAN market is set to continue as the FinTech market is expected to grow at CAGR of 72.5% from 2015 to 2020, reaching US$72 billion by 2020, according to Frost & Sullivan’s annual Fintech Outlook.
The Southeast Asian region has around 266 million people living there, with limited access to basic financial services. There are also over 30 million small-to-medium sized enterprises underserved by the financial system in this region, together facing a collective credit shortfall of around US$175 billion.
We can safely say that the potential market for FinTech in the ASEAN region is significant.
Looking at the Southeast Asian market we have been seeing some successful ride-hailing startups, digital payment startups and some money remittance startups over the last couple of years. Right now, you could say that all eyes are on Southeast Asia and all the FinTech developments going on over here.
Mobile Payment
What contributed to the success of Mobile Payment startups in this region is mainly due to two factors, huge population with no access to basic financial services and the rise of mobile payment usage. The region is home to over 350 million daily internet users, with 90% of them using their mobile phones. With this kind of gap to financial services, there has become a significant demand for mobile payment apps and mobile banking.
Money Remittance
Along with mobile payment, the people in Southeast Asia are also using services for money remittance in a quite wide extent. The market in Southeast Asia for money remittance services is booming right now.
According to a recent study, the remittance market in ASEAN region were valued at US$70 billion in 2017, and have since kept growing. Contributing to this growing market are a large group of migrant workers in countries like Indonesia, Vietnam and the Philippines, who are looking for an easy low-cost remittance service.
Ride Hailing
Looking at the ride hailing market it has become one of the most successful markets in Southeast Asia and has grown four-fold since 2015 and will be a US$20.1 billion market by 2025.
There are over 35 million Southeast Asians using ride hailing services every month and 9 million daily rides across 500 cities. The top players in these markets are GO-JEK, Uber and Grab, who are all contributing to the economies by creating full-time jobs within these markets. In 2017 these three players engaged more than 2.5 million SEA drivers.
As more and more sectors of Southeast Asia’s economy are transformed by the internet, the opportunities for tech startups to deliver the enabling digital financial services will multiply. We are now seeing a large number of firms investing in startups in the region or launching FinTech incentives to tap into this growing market.
Looking forward, we expect to see continued growth in the FinTech funding, both in terms of size and deal numbers in the ASEAN region.
Executive Summary State Council Decree No. 837 (effective July 1, 2026) establishes a security-focused legal framework that reshapes outbound M&A. It does not ban consumer sector deals, but it changes how they must be structured, approved, and integrated. Expansion of Regulatory Scope: Individual Investors and Indirect Structures Brought into the Compliance Scope Resident individuals are, […]
Overview Corporate AI has settled into a familiar pattern: broad use, thin value. Close to 90% of companies now use AI routinely in at least one business function, yet only a handful have turned that into value at enterprise scale. The bottleneck is not the technology. It is the organization. At its core, AI transformation […]
Most companies approach an IPO as a milestone. In reality, it is a reset. The valuation is set, the story is told, and the stock begins trading. From that point onward, the market is no longer pricing potential. It is pricing delivery. The most critical period is often the six to eighteen months that follow, […]
Subscribe to New Articles and ARC Group Updates
Receive our latest market insights, news and reports, and business bulletins.
Manage Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional
Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes.The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
