Posts Tagged ‘ASEAN’
Key industries being impacted by the powerful ASEAN Internet economy
According to Fintech News, various key factors are contributing to the ASEAN Internet economy: the widespread uptake of mobile phones, a growing middle class, according to a new report by Google, Temasek and Bain & Company. This is underpinned by the fact that this region is home to the most engaged mobile internet users which…
Read MoreRealising the potential of Indonesia’s eCommerce Sector
Known as one of the biggest mobile first nations, Indonesia’s 150 million internet users amounts to 56 per cent of the population of 268.5 million, according to We are Social Digital Indonesia report the fourth largest country in the world by population. The growing adoption of internet based activities is evidenced by the increasing adoption…
Read MoreStatus of cashless payments in Vietnam
Vietnam’s burgeoning economy grew more than analysts had expected in Q1 2019, with the General Statistics Office reporting gross domestic product (GDP) to have expanded at 6.8% YoY, according to UOB Global Economics & Markets Research. Whilst this figure was below the 7.3% increase seen in Q4 2018, it was above the Bloomberg median forecast…
Read MoreWhy Southeast Asia is poised to lead the next wave of growth in the EV industry
South East Asia or ASEAN has a dynamic motor vehicle industry with five major “producers” – Indonesia, Thailand, Malaysia, the Philippines and Vietnam accounting for over 4 million units in product. We take a look at the insights into the region’s electric vehicle (EV) market from Nissan’s white paper, The Future of Electric Vehicles in…
Read MoreInvestment potential of Vietnam’s Fintech Industry
The ASEAN Fintech Census(3) reports that the financial sector landscape in the Association of Southeast Asian Nations (ASEAN) with its underserved SMEs and consumer markets, complimented by increased mobile and internet penetration has paved the way for the disruption of traditional financial institutions. On the back of strong fundamentals and with FinTech adoption on the…
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