Digital finance adoption to spur emerging economies GDP by 6% by 2025 Digital banks next great frontier to unlock new innovations for fintech With around 250 digital banks across the globe, did you know that 20% of them are within the Asia Pacific region. This is a positive number as it reflects the fact that this sector is expected to forge the future of fintech and reimagine the possibilities for financial services across the board for the entire sector.
Digital finance adoption to spur emerging economies GDP by 6% by 2025With around 250 digital banks across the globe, did you know that 20% of them are within theregion. This is a positive number as it reflects the fact that this sector is expected to forge the future of fintech and reimagine the possibilities for financial services across the board for the entire sector.
This is not surprising as digital banks are and will be operating under the mandate of serving the financially underserved, which are regarded as risky thin-file customers with insufficient credit history. Hence, one of the primary challenges raised when it comes to serving them is the question of profitability.
Having initially started out in 2017 as an eWallet pioneer in Malaysia, today Boost has gone beyond payments, evolving into an unstoppable regional full spectrum fintech arm of Axiata.
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