TECH BUYER Apr 2020 - Tech Buyer Presentation - Doc # AP41391417

Southeast Asia and Taiwan — Digital Financial Services Are Rapidly Rising

By: Michael Sek Pheng YeoSenior Research Manager

On-line Presentation


As a region, Southeast Asia (SEA) and Taiwan (TW) have numerous key issues in the financial services landscape, such as high unbanked populations and low penetration of traditional financial products, marking it as an ideal growth field for digital financial services. eWallets, digital lending, insurtech, and digital wealth management services are primed to address many inherent existing issues and are expected to rapidly grow in the area. In this report, IDC looks at the current state of financial services in this region, the ways that digital financial services can help resolve them, and analyzes the current market sizing and potential for these solutions. This report then concludes with an examination of these technologies' future outlook and developments.


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