Latest Report on Digital Payment in Southeast Asia
Advertisement
Despite a challenging year, investors remain confident and cautiously optimistic. According to the report, from the first half of 2019 to 2020, the number of technology investment transactions in Southeast Asia grew by 17%, but the total transaction value fell slightly from US$7.7 billion to US$6.3 billion.
The value of transactions in the financial technology sector soared from US$475 million in the first half of 2019 to US$835 million in the first half of 2020. According to the report, the overall number of mergers and acquisitions has increased by 24% during this period.
Aardash Baijal, Bain & Co’s Southeast Asia partner and head of digital business, said: "Despite major challenges this year, the long-term prospects of Southeast Asia's digital economy are still stronger than ever."
Advertisement
Aardash Baijal expects a number of factors to give the digital economy in the region a permanent boost, including a dramatic increase in consumer acceptance, greater trust in technology and market power to create greater online supply.
As with last year's report, the latest report states that the region continues to face difficulties in addressing talent constraints. The lack of available talent remains an unresolved challenge. In the fast-growing digital economy ecosystem, talent is the key. The current shortage of important technical talents is still an urgent problem.
Advertisement
- Previous article
- Lyft‘s Revenue Increased by Nearly 50% in Just Three Months
- Next article
- Finnish Tech Company Invents Polite Font
Advertisement
OTHER NEWS
How to Get Free Wi-Fi Networks Correctly and Safely?
BY Beverly
Genetic factors have significant impacts on the risk of sex crimes
BY Paula
Google AI to Help the Vision-Impaired People to Walk Independently on the Road
BY Wright
British scientists recommend people to add extra vitamin D to milk and bread
BY Betty
A Black Friday With Booming Online Sales
BY Hughes
Google Play Store Updates
BY Tammy
RECENT NEWS
-
How to Download and Install Wyze App for Free?
-
How to Download and Install VIX for Free?
-
How to Download and Install Minecraft?
-
How to Get Free Units in Marvel Contest of Champions?
-
How to Get Free Strawberries in Transformice?
-
Indian Kids-Focused Fintech Platform Junio Has Raised Seed Capita