<\/p>\n
Asia could account for almost half of global fintech transactions by the end of the year as it continues to outpace other regions, according to recently published research.<\/p>\n
A report from Singapore-based fintech UnaFinancial found that fintech-related transactions reached $16.8tr in 2024, an increase of $2.1tr on the previous year.<\/p>\n
This growth is expected to increase and the Asian fintech market is forecast to reach $18.9tr by the end of 2025, equivalent to 12.6% year-on-year growth.<\/p>\n
With the global fintech market forecast to reach $40.1tr by year-end, Asia would account for 47.1% of the market\u2019s transactions.<\/p>\n
Much of the region\u2019s growth has come from digital banking with an increase of $684bn accounting for a third (32.9%) of total growth.<\/p>\n
But it is in digital investment and wealth management where growth has been highest. Between 2010 and 2024, these services have grown by an average annual rate of 92.1%.<\/p>\n
According to UnaFinancial analysts, high smartphone adoption couple with limited accessibility to traditional bank accounts has fuelled the growth of digital banking in Asia.<\/p>\n
In addition, the emergence of so-called super-apps in the region, which include digital wallets, BNPL services and ecommerce, has also driven fintech adoption.<\/p>\n
A further contributing factor is the effort of governments in the region to develop digital payment platforms and promote a cashless economy \u2013 this has also led to a surge in cross-border digital payments.<\/p>\n
Indeed, the report forecasts that the digital payments and transfers sector will be the primary source of growth for Asia\u2019s fintech market, accounting for 45% of growth, exceeding the global average of 32%.<\/p>\n
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Asia could account for almost half of global fintech transactions by the end of the year as it continues to outpace other regions, according to recently published research. A report from Singapore-based fintech UnaFinancial found that fintech-related transactions reached $16.8tr in 2024, an increase of $2.1tr on the previous year. This growth is expected to […]<\/p>\n","protected":false},"author":1,"featured_media":3510,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-3509","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bez-rubriki"],"featured_image_src":{"landsacpe":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2025\/02\/Digital-1-990x445.jpg",990,445,true],"list":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2025\/02\/Digital-1-463x348.jpg",463,348,true],"medium":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2025\/02\/Digital-1-300x194.jpg",300,194,true],"full":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2025\/02\/Digital-1.jpg",990,640,false]},"_links":{"self":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/3509","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/comments?post=3509"}],"version-history":[{"count":1,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/3509\/revisions"}],"predecessor-version":[{"id":3511,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/3509\/revisions\/3511"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/media\/3510"}],"wp:attachment":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/media?parent=3509"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/categories?post=3509"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/tags?post=3509"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}