Small businesses across Asia-Pacific turning to new funding sources
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SMALL businesses in the Asia-Pacific, facing a capital crunch, are turning to new funding sources, according to Economist Intelligence Unit (EIU) research commissioned by Mastercard.
The growth of alternative finance points to "untapped market opportunities and more growth and change in financial markets ahead", it added.
In fact, financial technology (fintech) investments in South-east Asia have shifted from digital payments and mobile wallets to wealth management, insurance and peer-to-peer financing since 2017, Moody's Investors Service also said, in a separate report.
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