TOP 10
10
Beijing
Most valuable fintech :
Waterdrop Value ( in USD ): $ 2.88bn
Beijing ’ s status as a fintech hub is difficult to contend with – it has a substantial consumer market , cutting-edge technology , and is already ahead of many other nations in terms of emerging trends like CBDCs and blockchain .
However , with the CCP taking a hard stance on monopolistic behaviour , such as the cancellation of Ant Financial ’ s IPO in 2020 , harsh regulation could have a deleterious effect on development and innovation . Regardless , Beijing will likely remain a global fintech hub for the foreseeable future .
09
Jakarta
Most valuable fintech :
OVO Value ( in USD ): $ 2.9bn
Indonesia has historically struggled with financial inclusion , and it is perhaps to remedy this that Jakarta ’ s fintech sector has begun making promising gains in recent years .
Payment service OVO ( not to be confused with the energy company ) is an individual highlight of the city ’ s growth as a fintech hub . Alternative , digital-based finance has also proved vital to the country ’ s post- COVID recovery roadmap , filling in the capacity that traditional banks , for instance , cannot accommodate .
100 July 2021