Digital Transformation in Banking and Financial Services Asia
AmairaDutta18
  • Reads 2
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  • Parts 1
  • Time <5 mins
  • Reads 2
  • Votes 0
  • Parts 1
  • Time <5 mins
AmairaDutta18
Ongoing, First published Dec 19, 2024
bankingdigitaltransformationfinancial
Over the last decade, Asia has witnessed a Digital Revolution in Banking and Financial Services and is quickly adapting to this revolution. This has changed the way people bank and manage their finances, making it simpler and more secure. It is transforming how companies operate and compete in this industry.

The Digital revolution in Asia has also changed the landscape for new players to enter the industry, with the number of fintech companies rising year by year. As a result, Asian economies have advanced significantly, leapfrogging into new technologies. For example, the total amount paid for goods and services in China via mobile payments in 2016 alone was $790 billion, 11 times higher than that in the United States.
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bankingdigitaltransformationfinancial
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