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    合发888彩票South East Asia Vouches for Digital Services and Online Mobility Amidst Global Pandemic, Witnesses Spurt in SMB Activity | Orbis Research

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      28-Aug-2020 South East Asia Vouches for Digital Services and Online Mobility Amidst Global Pandemic Witnesses Spurt in SMB Activity

    As businesses struggle to sustain amidst tremendous outrage struck by COVID-19 outbreak, early this year, resulting in tremendous mobility restrictions and stringent physical distancing norms, banking has eventually transformed into digital capabilities globally, also inclusive on emerging economies across Asia and SEA.

    新阿里彩票Several banks in this light have affirmed a sudden spike in digital services and customers demanding online solutions, aligning with social distancing norms.

    新阿里彩票Indonesia in particular has been in prominence for quite some time now as an ideal spot for massive digital transformation owing to high population, favorable mindset as well as ubiquity of smart devices and affordable internet penetration.

    The country is also proving to be a hotspot for various applications that offer niche services and solutions. This has resulted in a sharp spurt and major disruptions in the SMBs ecosystem, with several new players emerging as promising contributors in the fintech market of Indonesia and Asia at large.

    Akuluku is one such prominent name that has been functioning across Vietnam, Philippines and Malaysia and specializes in services such as wealth management, digital banking as well online credit.

    Further, the region is also witnessing a spurt in SMB emergence and novel plans and programs to absorb fintech veterans. In a recent development, Hong Kong has affirmed its HK$120 million subsidy plan to allow consistent fintech personnel hiring to support financial sector growth, despite the odd challenges. The development is a crucial step ahead, favoring seamless operations in the finance vertical, encouraging agile operations.

    This Hongkong government initiative aligns with the scheme of FinTech Anti-epidemic Scheme for Talent Development. The program is in place to adequately support employee generation creating fresh job opportunities, in a bid to accelerate Hongkong's competitive advantage.

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