The digital tsunami coursing through all facets of modern life
continues to make its mark especially with the exponential growth
of digital financial services. While the US is typically known to
be a leader in digital technology, Asia is increasingly
acknowledged to be an undeniable growing force, especially with its
young and skilled workforce.
According to a study by Bain &
Co., Google and Temasek Holdings, at
least USD38 billion of annual revenue is projected to be
generated through digital financial services across Southeast Asia
alone by 2025, triple compared to USD11 billion garnered in
2019. Meanwhile according to a study by PwC, Asia's middle
class is tracked as being already larger than Europe's, with
global growth projected as 180% between 2010 and 2040. Clearly, the
growth of demand for digital services and the supply of a digital
work force seems to centre in Asia!
