Disrupting Finance: FinTech and Bitcoin Booming in Asia
Disrupting the financial sector is a global trend, but that doesn’t mean every continent in the world uses the same method to achieve that goal. FinTech is a quite popular disruption in the Western world, but Asia where most innovations will actually be invented. Asia is the driving market for Bitcoin trading — another financial disruption — and the....
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The Enhance Group recently announced that it will open a new base in Singapore — its first location in Asia. Enhance, an industry-leading FinTech company that offers investment services, has experienced tremendous growth with the rise of FinTech. This new location will open in response to the expanding FinTech industry and increasing demand for financial technology services in Asia. FinTech, or “Financial Technology,” is quickly reshaping the finance sector. In particular, FinTech is drastically changing the investment industry. Investment consultancy companies that use FinTech software,....
Asian fintech companies continue their growth and overseas expansion. The Chinese fintech firm Ant Financials’ payment arm Alipay has recently started partnering with Finnish mobile payment provider ePassi to launch mobile payments for shopping and services on Finnair’s flights, therefore, marking a significant milestone in the development of mobile payment services in air. Alexander Yin, chief financial officer of TCG, the parent company of the Finnish mobile payment provider ePassi, said: "In the fintech and mobile Internet sectors, China is a global leader thanks to business,....
There has always been an increased interest from Asia when it comes to new financial technology. Fintech and Bitcoin are both seeing tremendous success in the region, and venture capital funding reached an all-time high in 2015. It has to be said, however, that Asia is well behind the curve regarding Fintech adoption. Most other regions around the world,....
Last week, wallet provider Blockchain represented the bitcoin industry in an official government trade mission. CEO Peter Smith was one of 31 executives to take part in a trade delegation, led by Prime Minister David Cameron, to promote the UK's FinTech businesses in Southeast Asia. The FinTech sector, which now employs 135,000 people in the UK and creates $20bn in annual revenue, is a key part of the Conservative Party's plan to stimulate trade and investment. While the nation received 42% of Europe's FinTech investment last year, trade body Innovate Finance wants to capture an even....
Over 180 Fintech startups were analyzed to create this report, most of whom seem to focus on the payment sector in general. Fintech is a booming industry all over the world, and those signs are becoming apparent in India as well. With most of the startups in the region focusing on payments, and over US$1.3bn invested over the past three years, things are looking good. A recent study by Zinnov, a leading management consulting firm, shows the Fintech situation in India is well worth keeping an eye on. The majority of funding has been raised in the past three years, and the industry attracted....