Fitch sees greater role by FinTech in Asia-Pacific


PETALING JAYA: Technology firms will play an increasingly important role in Asia-Pacific’s financial services industry, said Fitch Ratings.

The rating agency said in a report that large unbanked populations in countries such as India, and the emergence of tech-savvy middle classes in countries such as China, Indonesia and the Philippines will offer significant growth opportunities for “FinTech” companies.

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