Asia’s fintech transactions to reach $19t by 2025: UnaFinancial

Asian fintech transactions reached $16.8t in 2024, according to the report.

Cumulative fintech-related transactions in Asia could reach $18.9t in 2025, increasing by 12.6% year-on-year (YoY), according to estimates by lending platform UnaFinancial.

Globally, the industry is forecasted to reach $40.1t, with Asia accounting for approximately 47.1% of the total, according to UnaFinancial.

Asian fintech transactions reached $16.8t in 2024, growing by $2.1t compared to the previous year, the study found.

The Asian region accounted for 48.2% of the global fintech volume, which was $34.8t.

Of this, 40.1% of the total fintech growth in Asia came from the digital payments & transfers sector, or an additiona $834b.

Meanwhile, 21% or $435b was attributed to digital commerce, whilst 32.9% or $684b was from the digital banking sector. The remaining 6% or $124b came from other sectors, UnaFinancial said.

A key factor behind Asia’s fintech growth is the rise of superapps, with shoppers increasingly relying on built-in solutions like digital wallets and buy now pay later (BNPL) services, according to analysts of UnaFinancial.

Several Asian governments are noted to be pursuing policies to develop unified payment platforms. This stimulates demand for digital financial services by reducing business costs and improving user convenience, the analysts said.