Press room

A report by Robocash Group analysts says the total volume of payments in Southeast Asia (SEA) will increase by 86 percent to $53.9 trillion by 2027. Robocash said in an August 16 statement that Vietnam and Indonesia will contribute the most to this figure.

Southeast Asian fintech companies are highly attractive to global investors. Based on Robocash Group analysis which covers 10 Southeast Asian countries, fintech companies there have earned US$ 62.7 billion (Rp 954.48 trillion) from 80 countries, from 2000 to 2023.

Singapore has drawn half of the total fintech investment since 2000 in Southeast Asia, according to the India-based data-driven platform Tracxn. Since 2000, fintech companies in the 10 countries in SEA attracted has $62.7 bn which originated from 80 countries of the world.

Robocash Group has published its management accounts for the first half of the year. According to them, the revenue of the group amounted to $74.3M, while the net profit equaled $4M. The group intends to continue the growth by entering new markets and diversifying its product line.

A study revealed that Singapore dominated its digitalisation ranking in Southeast Asia, with the country posting 1,588 points. Robocash Group said Singapore is leading due to its investment attractiveness in tech firms.

Public interest in online lending products (pinjol) in Indonesia has increased by 4.5 times since 2020, according to Robocash Group, an international fintech holding company.

Southeast Asians’ interest in lending products has grown 14.6% in more than three years, according to Robocash Group’s report. The study examines Singapore, Thailand, Malaysia, Indonesia, Cambodia, the Philippines, Vietnam, Laos, Myanmar, and Brunei. It analyses monthly data from Google Ads between January 2020 and April 2023, focusing on 88 lending-related keyword combinations.

“The key challenge is to coordinate the necessary institutional reforms,” said Natalya Ischenko, CEO of Robocash Group, a financial group specialising in providing financial services in Asia and Europe, adding that the effects of the QR developments should be “significantly manifested” in the coming year.

Robocash Group, a Singapore-based provider of digital financial services, has released a report based on the usage data from 2442 financial mobile apps. The main classification metric was the Herfindahl-Hirschman economic competition index, which indicates the degree of equal distribution of services among market participants.

Over the entire history, fintech companies in alternative lending, digital banking, payments & transfers, e-wallet sectors have raised a grand total of USD 53.3 Bn and earned USD 17.8 Bn. The total rate of return (Total Revenue / Total Funding) is approximately 33.4%, which means that for every dollar attracted, fintechs earn an average of 33.4 cents per year on transactions related to their activities.