Robocash

Analysts of Robocash Group have revealed that the total volume of payments in Southeast Asia (SEA) will grow 86 percent to reach $53.9 trillion by 2027. Vietnam and Indonesia will account for the largest shares in this figure.

Singapore tops the digitalization ranking in Southeast Asia (SEA) with 1588 points, said Robocash on Wednesday. The second place is taken by Malaysia (1495 points), and the third by Indonesia (1419 points). Vietnam had the lowest points of 1258.

Home loans and online loans are the most popular in Southeast Asia, Robocash Group said on Thursday. Based on search requests related to lending, housing loans make up 46 percent of all queries over the past 12 months. The second place by popularity is taken by online loans (30 percent).

Interest in lending products in Southeast Asia (SEA) has risen by 15 percent since 2020, according to an investment platform Robocash Group. The fastest growing segment of lending in the region is related to online loans.

Over the entire history, fintechs in alternative lending, digital banking, payments and transfers, e-wallet sectors have raised a grand total of $53.3 billion and earned $17.8 billion, said in a study revealed by Robocash Group on last Thursday.

Robocash Group sees FinTech development has a positive effect on people's overall happiness, due to strong correlation of 0.74 between happiness and fintech indices.

Starting from 2020, the average year on year increase in the number of Southeast Asian (SEA) sustainability tech companies is 15.23 percent, exceeding the world average of 10.95 percent by 4.3 percentage points, said analysts at Robocash Group on Thursday.

The countries of South and Southeast Asia saw a year on year decline of 83 percent in new fintechs in 2022, with only 349 startups emerging in the region, says Robocash Group.