Small businesses across Asia-Pacific turning to new funding sources
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.
TRENDING NOW
Three ex-employees of Envy group join Ng Yu Zhi in bankruptcy
He built the Vingroup empire. Now South-east Asia’s richest man is handing some key roles to his sons
Grab CEO’s wife Chloe Tong on life with Anthony Tan and finding her purpose
Incidence of civil servants buying property near unannounced MRT stations ‘a concern’, but may not establish misconduct: PSD
