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Southeast Asia’s ecommerce sector reached a gross merchandise value (GMV) of $145.2 billion in 2024, according to a new report. The surge reflects strong consumer demand, digital infrastructure growth, and increasing mobile penetration across the region.
In Southeast Asia, digital banks are emerging as key players—backed by tech giants and conglomerates, not startups. Thailand’s digibank race sees five major contenders vying for three licenses, while Indonesia’s SeaBank leads in profitability. With deep capital and regional momentum, the digital banking wave is reshaping the region’s financial landscape.
