What are the reasons for the spectacular growth of financial technologyg investment across Asia pacific region
Fintech investment in Asia-Pacific has skyrocketed in 2015 — from about US$880 million in all of 2014 to nearly US$3.5 billion in just the first nine months of 2015.
The largest share of fintech investment deals were in payments that made up 40 percent of total investments, followed by lending at 25 percent.his
The rise in financial technology investment across the region was driven by investment deals made in and from China, including the Alibaba Group Holding and its Ant Financial Services Group subsidiary, along with Paytm, an Indian-based mobile payment and commerce platform; and fundraising efforts by Ping An Insurance Group venture Lufax.
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