In 2022, the country also had the largest investment attractiveness at 41.1%.
Singapore’s financial technology investment is projected to contribute about 3.56% to the region’s gross domestic product in 2027, the largest in the Southeast Asia region.
A forecast based on a vector error correction model indicated that by 2027, the share of fintech investments in SEA's GDP could increase fivefold to reach 1.65%. Experts anticipated that over the next five years, the return on investment in Southeast Asia's fintech sector would increase, further solidifying its role as a driver of economic growth.
Regarding the share of fintech in direct investments in SEA, it amounted to 3.82%, with Indonesia taking the lead at 13.52%, followed by Singapore at 2.71%.