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ASEAN Internet Firms Set for 20% Growth by 2025

1/9/2025

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Story summary
  • Maybank Investment Bank anticipates a booming future for ASEAN internet companies by 2025, fueled by fintech innovation. They predict a remarkable 20% surge in gross merchandise value and a 32% jump in fintech revenue. Grab and GoTo are set to thrive, with Grab on track for its first net profit, as e-commerce and digital financial services maintain their upward momentum despite economic hurdles.