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A List of Digital Banks in Asia | Fintech Singapore

From as far east as South Korea to as far south as Malaysia, what are the most prominent digital first banks in Asia in 2023? ....

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Sea Limited Stock: A Deep Dive Into SeaBank (NYSE:SE)

SeaBank has a very strong self-financing model to grow its business. See why I strongly believe SeaBank Inonesia can be a growth driver for SE in the future. ....

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Tech Giants are targeting Indonesia's 83 million who don't have bank access

News Highlights: Tech Giants are targeting Indonesia's 83 million who don't have bank access Photographer: Dimas Ardian / Bloomberg Photographer: Dimas ....

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Sea and Gojek can target Indonesia's 83 million who lack bank access

The Straits Times
Sea and Gojek can target Indonesia s 83 million who lack bank access
Banking services through mobile phones offer a solution to those strewn across thousands of islands and lack access to banks.PHOTO: REUTERS
PublishedJan 28, 2021, 8:19 am SGT
https://str.sg/JK8S
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Tech Giants Target Indonesia's 83 Million Who Lack Bank Access

(Bloomberg) Sea Ltd. and Gojek are snapping up Indonesian lenders, betting they can make headway into one of the world’s largest unbanked markets.The buying spree is set to continue as financial technology firms set their sights on the nation’s more than 175 million Internet users, many of whom rely on online banking services. Sea has purchased PT Bank Kesejahteraan Ekonomi this year, while Gojek made its biggest fintech investment by spending about $160 million to boost its stake in PT Bank Jago in December.While Indonesia is by far the largest fintech market in Southeast Asia, it’s one of the few that don’t license digital-only banks. The U.K., Hong Kong and Singapore have allowed virtual lenders, while neighboring Thailand and the Philippines are actively studying the matter. That means acquisitions are the only way into Indonesia and the Financial Services Authority is pushing for more consolidation among its more than 1,600 commercial and rural banks ....

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