The fintech sector in Asia is experiencing rapid growth, with transaction volumes projected to reach nearly $19 trillion by the end of 2025. According to recent research by UnaFinancial, Asia accounted for 48.2% of the global fintech transaction volume in 2024, totaling $16.8 trillion, which represents a $2.1 trillion increase from the previous year. Digital payments and transfers are the largest contributors to this growth, responsible for 40.1% of Asia’s fintech expansion, followed by digital banking and digital commerce.
Over the past decade, the fastest-growing fintech sectors in Asia have been digital investments and wealth management, digital banking, digital assets and blockchain, digital lending, digital payments and transfers, and digital commerce. The rise of super apps that integrate digital wallets, Buy Now Pay Later (BNPL), and other financial services has transformed consumer behavior across the region.
Additionally, government initiatives promoting unified payment platforms have improved convenience and reduced costs, particularly in emerging economies with limited traditional banking access but high smartphone penetration. The increasing demand for cross-border payments within Asia is also fueling fintech growth.
Looking ahead, the Asian fintech market is expected to grow by 12.6% year-on-year in 2025, reaching approximately $18.9 trillion. Globally, fintech transactions are forecasted to hit $40.1 trillion, with Asia maintaining a dominant share of around 47.1%. Digital payments and transfers will continue to drive nearly half of Asia’s fintech growth, underscoring the region’s leadership in this segment compared to the global average.
Source: The Digital Banker