Singapore seeks to enhance its position as SE Asia’s hub for fintech firms

Photo by Duy Nguyen on Unsplash

Singapore is striving to enhance its position as Southeast Asia’s financial center particularly for financial technology companies, luring promising entrepreneurs from abroad with such programs as a special visa status and monetary support.

The island city-state has become a hub for business-to-business fintech companies seeking to operate globally, with their number increasing by 70% over the past year to more than 1,000. Singapore’s experience could serve as a model for other cities wishing to become international financial centers.

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