Fintech

THE BROAD VIEW

Payments infrastructure – not apps – will define South-east Asia fintech’s next decade

Four critical developments point to where payments in the region are heading next

Andrea Baronchelli, CEO and co-founder of Aspire, says the decision to partner JPMorgan stemmed from the need for scale and geographical reach.

Fintech player Aspire taps JPMorgan to help companies with forex conversions

They will initially focus on multiple currencies, including the pound, Singapore and US dollar

Wenny Lim, HomePay co-founder and COO, says the app "protects millions of dollars in renovation payments weekly because renovation contracts are not small in value”.

Local fintech startup HomePay looks to bring greater security to Singapore’s renovation industry

Its mobile app reduces the risk of scams by protecting homeowners through an escrow-payment system

Ant’s Singapore-based international arm brought in US$3 billion of revenue for 2024, paving the way for a potential initial public offering of the unit.

Jack Ma-backed Ant’s profit falls 91% on AI spending, fair value

The firm invests in AI to drive a new growth chapter after a regulatory crackdown ended two years ago

From left: MetaComp co-president Tin Pei Ling, chairman Bai Bo and co-president Eddie Hui. The company says it achieved full-year net profitability in 2025.

Backed by Alibaba, Singapore’s MetaComp aims to be ‘Asia’s Revolut’ for businesses

With its focus on transaction banking, fintech firm sees itself as builder of broader industry’s infrastructure

Arnold Chan of Airwallex says: “The (Singapore) business has been growing really fast from both a transaction volume and a headcount perspective.”

Singapore remains bright spot for Airwallex as revenue doubles in 2025: Apac GM

This is the second year the payments company has experienced a doubling of revenue growth in this market

Founded in 2020, Richard Li's Bolttech runs an exchange where insurers, distributors and customers buy and sell insurance and protection products.

Tycoon Richard Li’s Bolttech in talks to buy MoneyHero: sources

Both financial technology firms are backed by Li’s investment firm Pacific Century Group

MoMo's scale is undeniable, processing 5.5 billion transactions in Q1 2025 and hitting profitability in 2024.

Vietnam’s fintech sector enters a post-MoMo reality

The country has close to one million active enterprises, the vast majority of them SMEs

Although Indonesian consumers' purchasing power has weakened, businesses which effectively serve the lower-income segment can still thrive.
DUE DILIGENCE

Beyond the dip: How VCs can bet on Indonesia’s resilience

While major cases of fraud have wiped confidence in the country’s startups, there are still opportunities in South-east Asia’s largest economy