Southeast Asia is currently experiencing a boom in the technology sector that is led by six unicorn startups. Having become giants in a only a few year, these companies are now regional and global leaders in their respective fields: from e-commerce to ride-hailing, from gaming to travel and digital payments.
The Philippines has a large population and the particularity of an important community of overseas workers. Together they make the Philippines a particularly attractive market for financial technologies – FinTech – companies, be they startups or large companies, engaging to conquer already dynamic markets.
Indonesia has the largest population in Southeast Asia and one of the fastest growing economies. As financial technologies – FinTech – are becoming some of the hottest business opportunities in Indonesia, many startups and companies engage in the competition to conquer big and promising markets.
The spread of the digital disruption to more and more sectors does not spare banking and finance. In Thailand, the emergence of a new generation of financial technology – FinTech – startups spurs the development of a complete ecosystem of supporting structures, from funding and regulation to accelerators and events.
Vietnam has a dynamic startup environment with many entrepreneurs and companies engaged in the most promising sectors. And financial technologies – FinTech – have a lot promising applications in Vietnam as the country’s large population can profit from mobile technologies to access a growing number of innovative financial services.
With the world’s third largest population and a comparatively low, but growing, Internet connectivity, Southeast Asia is an upcoming market of interest for e-commerce. Still in its infancy, the ASEAN e-commerce market presents many growth opportunities for businesses ready to face its challenges.