Asia’s FinTech business is expanding at an unprecedented rate, with total transaction volumes expected to reach $18.9 trillion by the end of 2025. According to UnaFinancial’s most recent data, there has been a 12.6% increase year-on-year, strengthening Asia’s supremacy in the global FinTech market.
In 2024, the region had FinTech transactions of $16.8 trillion, up $2.1 trillion from the previous year. Asia accounted for 48.2% of the worldwide FinTech sector, worth $34.8 trillion. Digital payments and transfers continued to drive the expansion, accounting for $834 billion of total growth. Digital banking followed closely behind, adding $684 billion, while digital commerce grew by $435 billion. The other financial technology sectors expanded by $124 billion.
The increasing use of mobile banking, smart apps, and cashless transactions is fuelling Asia’s FinTech industry. Emerging economies in the region are seeing increasing FinTech adoption, owing to increased smartphone usage and limited access to traditional financial services.
Asia is predicted to account for 47.1% of the worldwide FinTech market by 2025, with a value of $40.1 trillion. With ongoing innovation in digital finance, the area is strengthening its place as the world’s FinTech leader.
