Research from Tech in Asia, Tech in Asia

Tech in Asia

Tech in Asia (YC W15) is the largest English-language technology media company that focuses on Asia. From the latest news to the hottest trends and the boldest startups to the strongest titans, we cover everything tech in the region. Our goal is to build and serve Asia’s tech and startup community.

Research from Tech in Asia

News from Tech in Asia

Thematic (Sector/Industry)

<ul><li>SeaMoney (a unit of Sea Group) and GoTo overtook Grab in the fintech space among ASEAN countries in 2021 primarily because the latter does not have an ecommerce entity</li><li>The report noted that the growth in fintech revenue in the region was driven by Indonesia. Overall financial inclusion in the region, however, is still low compared to China and the US</li><li>But categories such as digital banking and e-wallets present a huge opportunity to Southeast Asian super app players</li></ul>

SeaMoney (a unit of Sea Group) and GoTo overtook Grab in the fintech space among ASEAN countries in 2021 primarily because the latter does not have an ecommerce entityThe report noted that the growth in fintech revenue in the region was driven by Indonesia. Overall financial inclusion in the region, however, is still low compared to China and the USBut categories such as digital banking and e-wallets present a huge opportunity to Southeast Asian super app players

Sea, GoTo Overtook Grab in ASEAN Fintech Space 2021, Says Report