According to recent statistics, Thailand has emerged as a Fintech hotspot, with equity capital expanding at a CAGR of 55%. In order to develop operations in the Fintech and banking sectors, digital challenger banks in Southeast Asia have used a variety of business strategies. According to a new report from the Singapore Fintech Association, they’ve grown thrice (more than 300%) in the last five years (SFA).
With investment activity picking up in Thailand and a more progressive position on blockchain and cryptocurrencies, it’ll only be a matter of time until the seedling Thai sector blossoms into a serious contender.