Latest Report on Digital Payment in Southeast Asia

Despite a challenging year, investors remain confident and cautiously optimistic. According to the report, from the first half of 2019 to 2020, the number of technology investment transactions in Southeast Asia grew by 17%, but the total transaction value fell slightly from US$7.7 billion to US$6.3 billion.

The value of transactions in the financial technology sector soared from US$475 million in the first half of 2019 to US$835 million in the first half of 2020. According to the report, the overall number of mergers and acquisitions has increased by 24% during this period.

Aardash Baijal, Bain & Co’s Southeast Asia partner and head of digital business, said: "Despite major challenges this year, the long-term prospects of Southeast Asia's digital economy are still stronger than ever."

Aardash Baijal expects a number of factors to give the digital economy in the region a permanent boost, including a dramatic increase in consumer acceptance, greater trust in technology and market power to create greater online supply.

As with last year's report, the latest report states that the region continues to face difficulties in addressing talent constraints. The lack of available talent remains an unresolved challenge. In the fast-growing digital economy ecosystem, talent is the key. The current shortage of important technical talents is still an urgent problem.