South-east Asia’s tech unicorns may look more like banks in the future
Given these growth trends, there is potential for banking and financial services to make up the bulk of Sea and Grab’s businesses
Add BT as a preferred source
[SINGAPORE] A couple of years ago, banking would not have been the avenue people imagined South-east Asia’s tech unicorns would take in pursuit of growth and sustainability.
Now, most of South-east Asia’s tech unicorns have a bank of sorts under their belt – Grab has GXS Bank in Singapore, GX Bank in Malaysia and Superbank in Indonesia, while Sea has MariBank in Singapore and SeaBank in Indonesia and the Philippines. Sea also operates Ryt Bank as a joint venture with YTL Group.
Even GoTo has backed Bank Jago in Indonesia.
TRENDING NOW
On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart
Is it time to scrap COE categories for cars?
Thai and Vietnamese farmers may stop planting rice because of the Iran war. Here’s why
As more Asean states turn to Russia for fuel, will Moscow boost its influence in the region?
