How digital banking is driving financial inclusion in SEA

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The story "How digital banking is driving financial inclusion in SEA" was covered 10 hours ago by e27, a news publisher based in Singapore.

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How digital banking is driving financial inclusion in SEA - e27

Quick Summary:

Pandemic-driven lockdowns have increased global reliance on and demand for digital financial services such as digital payments and remittance– especially within Southeast Asia.

Considering the digital lending industry is projected to be worth US$110 billion by 2025, this is a missed opportunity that Southeast Asian digital banks would do well to capitalise on.

Ultimately, digital banks pave the way for a much-needed shakeup of the financial system and the time is right for them to capitalise on the supportive regulatory climate to improve financial service access.