Tech giants take on traditional lenders in battle for digital banking dominance in SE Asia

Tech giants take on traditional lenders in battle for digital banking dominance in SE Asia

Photo: Proxyclick Visitor Management System / Unsplash.com

Southeast Asia’s tech giants are in an intensifying battle with large conventional banks over the region’s burgeoning digital banking services.

As “superapp” providers such as GoTo and Grab look to bolt banking onto their expanding range of services, and existing players use the region as a sandbox for digital experimentation, long-neglected rural populations may soon have access to some of the most technologically advanced financial services in the world.

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