ASEAN SME NEWS

 
Latest ASEAN news

How fintech is disrupting the Southeast Asian payments market

Fintech has revolutionalised the payments industry and apart from the grand global success, its presence in the Southeast Asian markets has attracted many companies from all over the globe to invest and branch out in the region, in addition to already plentiful local players.

E-commerce has made a strong impact on the rise of digital payments, and alongside that, digital lending has emerged as a highest-grossing business model in ASEAN. Innovation in fintech can be found in many of the services available on the market, such as online multi-currency exchange in online multi-currency invoice platforms, software to handle insurance claims, funds distribution and funding management, and finance and investment management for SMEs. Combined with AI, fintech is enabling technology adopters to personalise and customise user experience, as well conduct predictive data analysis.

As a whole, digital financial services are expected to generate US$ 38 billion in revenue by 2025 in Southeast Asia. In comparison, in 2019, annual revenue of the sector was US$ 11 billion. The driving force behind the rise of fintech are consumer trends, which are in turn shifting as a result of digitalisation. There is also high level of consumer adaptation and trust in these technologies, creating new business opportunities and new markets for many local companies.

Source: e27

Read the full article here

Thumbnail: By katjen from Shutterstock

A SEA of Opportunities: Understanding Southeast Asia

InCorp Global (https://www.linkedin.com/company/incorpglobal/) has launched an eBook in collaboration with the Singapore Economic Development Board (EDB) (https://www.linkedin.com/company/singapore-economic-development-board/) to assist business leaders and entrepreneurs to understand and navigate the business landscapes and operating environment in each of the ten Southeast Asian countries.
 
Here’s what you can gain from the eBook:
• Learn from the successful experiences of global business leaders;
• Access information on the different Southeast Asian markets, such as business landscapes, trends and growth opportunities;
• Understand the talent and skills profiles of Southeast Asia’ workforce;
• Understand company setup requirements and procedures; and
• Learn about the variety of tax benefits and strategies to use to your advantage.
 
Download it HERE

The ASEAN Access network is looking for new partners!

We’re growing!

ASEAN Access is looking for public or private organizations, in ASEAN and beyond, that support and contribute to internationalization of businesses and who would like to collaborate with ASEAN Access as a Network Partner.

As an international network, ASEAN Access supports SMEs with market entry, by offering trade information, a Service Providers directory connecting users to hands-on market entry support, country and sector briefs, and a comprehensive pan-ASEAN events calendar. We are also launching our ASEAN Access MATCH platform, which will become the centre of our virtual matchmaking and market information events, knowledge workshops, and many other events that help businesses internationalise. 

How can you as a Network Partners collaborate with ASEAN Access?

  • Help businesses grow, by organising information, training and matchmaking events
  • Help inform businesses, by publishing relevant news, business and trade events
  • Help us grow, by directing visitors to ASEAN Access by promoting the portal.

What you get in return?

  • You can use the MATCH platform free of charge* for unlimited events of your choice
  • You can use our intranet for more matchmaking activities and join our internal communication
  • You will build your professional network in ASEAN and beyond
  • You can promote your own events in the events calendar
  • You can choose which news and articles ASEAN Access visitors should be reading
  • You will be part of the official ASEAN business support network and can help direct its growth.

*PS! The usual starting cost for similar matchmaking and virtual event platforms on the market is USD $960 per event, you’ll get to use ours for free!

Interested?

Please email us at [email protected] and let us know you are interested. You will be directed to your national contact point who can give you more information. If you already know one of the national contact points of ASEAN Access, you can contact them directly.