HSBC Launches $1 Billion Growth Fund to Support Digital Platform Businesses in Southeast Asia
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Fintech companies in Latin America are expected to continue growing in 2024, driven by trends such as the growth of digital payments, the development of open banking, the rise of cryptocurrencies, and the focus on SMEs. The sector received an investment of over $1.6 billion in 2022, and the value of digital payments in the region is projected to reach $2.5 trillion by 2025. Open banking is also expected to expand, with the global market reaching $43.152 billion by 2026. Fintechs are increasingly offering comprehensive financial technology services and are becoming one-stop shops for investors, consumers, and companies. The sector is also focusing on serving the needs of SMEs and launching new developments tailored to their needs. Fintech regulation in Latin America is evolving, with some c...
#newstr #Hsbc #DigitalPlatformBusinesses #SoutheastAsia #GrowthFund