Digital financial services to generate $52 bil annually by 2025; 'underbanked' and 'unbanked' remain challenges

SINGAPORE (Oct 30): The digital financial services industry in Southeast Asia is poised to triple in annual revenue generation by 2025 to reach an estimated US$38 billion ($52 billion), a new study has revealed.

The “Fulfilling its Promise - The Future of Southeast Asia’s Digital Financial Services” study by Temasek Holdings, Google and Bain & Co also estimates that the upside estimate of potential revenue generation could reach as high as US$60 billion in the next six years.