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Digital Financial Services Filling Gap in SE Asia’s Unbanked: Study

Sunday, Oct 13 2019
News
Written by  FinTech News Brief Staff

Digital payments and e-wallets are becoming more popular in Southeast Asia, according to a new study. So reports the Entrepreneur.

As such, digital payments are expected to cross $1 trillion by 2025, while e-wallets are expected to grow from $22 billion to $114 billion in that same period. The joint study from Google, Bain & Co and Temasek shows only 104 million of Southeast Asia’s 400 million adults are considered fully “banked,” while there are 198 million adults in the region who have no bank account at all.

Click here to read the full article from Entrepreneur.

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