Fintech

About 79% of transactions in Vietnam are still cash-based.

TWID claims, reward points worth over USD 2 billion go unused by users in India.

The firm is not alone in seeking opportunities in the country’s fast-growing mobile internet sector.

Half of the aided users are under 40 years old.

While Indonesian fintech is close to experiencing an inflection point, Convergence Ventures still sees plenty of opportunities in this sector.

GoPay is the most widely used digital wallet platform, but OVO has the highest public awareness, according to the 2019 Indonesian FIntech Report by Daily Social.

Indonesia will make up close to half of Southeast Asia’s USD 300 billion internet market, so there’s plenty of room for growth.

Ola Money offers services such as credits, short-term loans, and insurances.