Investment Platform to Focus on Digital Banking Initiatives in Asian Markets claims that it sees strong potential for the Asian fintech market, which is already setting certain trends, according to an update from the firm.

The parent holding of plans “to focus on digital banking” in Asian markets.

During the Finfellas P2P conference in Riga, the investment platform “presented the prospects for the Asian fintech market, thereby revealing plans of its parent company Robocash Group. ”

According to Robocash, the main drivers of market growth “are technologically savvy population, a low level of financial inclusion and the presence of a regional hub in Singapore.”

Anastasia Palamarchuk, Lead IR platform specialist, said:

“There are also other factors, such as strong state support, the income level and debt burden of the population, and the pandemic that boosted digital technologies.” highlights 6 actively growing market segments.

As noted in a blog post, among them “are alternative online loans, e-commerce and MSME lending.”

The importance of the latter is “confirmed by the fact that in 2020 they accounted for 97% of all enterprises in the region and produced 40.5% of the regional GDP.”

Robocash Group says that it “sees positive opportunities in the digital banking sector.”

The firm’s management said they are “focused on developing the Una ecosystem.”

The ecosystem covers “a variety of services “from loans to cross-border transfers.”

As global digitalization advances, banking and brokerage services “have become a valuable asset for organizations.”

Cashless payments adoption in Southeast Asia has “reached an impressive level of 93% and e-wallets are also gaining popularity.” In the Philippines, for example, “by the end of 2022, about 50% of the total population are their active users.”

For European investors, the Asian region “can offer both direct investments, as well as shares of promising regional stock market players.”

Another option is to participate in local fintech projects through intermediaries.

Anastasia added:

“As practice shows, European P2P platforms can work quite successfully here. And is just one of them.”

Register Now
Sponsored Links by DQ Promote



Send this to a friend