When you hear the term ASEAN, what is the first thing that comes to mind? Rapidly evolving technologies and their growing adoption, a large population, and varied, diverse cultures – all valid points, but if you thought of FinTech, you’ve hit the nail on the head. To begin with, here’s an overview of the region in terms of its demographics.
ASEAN in Figures
ASEAN is the third-largest region in Asia. Its founding members include Indonesia, Malaysia, the Philippines, Singapore, and Thailand. Over the years, other countries in the region have gained entry to the association, thereby enjoying the benefits that come with membership. Today, ASEAN is a force to reckon with, especially when it comes to the region’s economics.