FinTech Market Transactions in Asia Could Reach ~$19 Trillion by 2025

The Asian FinTech market is experiencing rapid growth — transaction volume in 2024 reached $16.8 trillion, marking a $2.1 trillion increase from the previous year. Analysts predict that by 2025, this figure will grow to $18.9 trillion.

According to a study by UnaFinancial, Asia accounted for 48.2% of the global FinTech transaction volume in 2024, which totaled $34.8 trillion. By 2025, analysts expect Asia’s share to be 47.1%, with global FinTech transactions reaching $40.1 trillion.

The key segments of the Asian FinTech market in 2024 were:

• digital payments and transfers — $834 billion;
• digital banking — $684 billion;
• digital commerce — $435 billion;
• other segments — $124 billion.

The study also highlights the compound annual growth rates (CAGR) of the fastest-growing FinTech segments from 2010 to 2024:

• digital investment and wealth management — 92.1%;
• digital banking — 48.6%;
• blockchain and digital assets — 43.4%;
• digital lending — 18.5%;
• digital payments — 14.4%;
• digital commerce — 12.9%.

One of the key drivers of FinTech growth in Asia is the rise of super apps with integrated payment services and Buy Now, Pay Later (BNPL) schemes. Additionally, governments in several Asian countries are launching unified payment platforms, reducing business costs and improving user convenience.

UnaFinancial predicts that Asia’s FinTech market will grow by 12.6% YoY, reaching $18.9 trillion in 2025. The digital payments and transfers sector will remain the primary growth driver, contributing 45% of the region’s FinTech market expansion. On a global scale, this sector will account for 32% of overall growth, reinforcing Asia’s leadership in digital payments.

Despite global declines in FinTech investments over the past three years, the sector in Asia continues to expand rapidly.