The ASEAN Access to Digital Finance Study

Cambridge Centre for Alternative Finance, Cambridge Judge Business School, University of Cambridge; University of Cambridge - Cambridge Centre for Alternative Finance

Date Written: January 10, 2023

Abstract

This first edition of ‘The ASEAN Access to Digital Finance Study’, aims to provide valuable data and insights into how individual households, consumers, and micro, small and medium enterprise (MSME) customers use digital alternative finance channels, such as online digital lending and capital raising platforms, to access credit or raise funds across the key countries in the Association of Southeast Asian Nations (ASEAN) region. The report focuses on five ASEAN countries: Indonesia, Malaysia, the Philippines, Singapore and Thailand. This study has been jointly developed by the Cambridge Centre for Alternative Finance (CCAF) at the University of Cambridge Judge Business School and the Asian Development Bank Institute (ADBI). It assesses various qualitative and quantitative factors of borrower or issuer activities related to financial access via an online fintech platform operating in the lending or equity space. The models observed in this study are peer-to-peer (P2P)/marketplace consumer and business lending, balance-sheet consumer and business lending, invoice trading, equity-based crowdfunding, and buy now, pay later (BNPL).

Keywords: fintech, finance gap, asean, financial inclusion

Suggested Citation: Suggested Citation

Ziegler, Tania and Suresh, Krishnamurthy and Xie, Zhifu and Ferri de Camargo Paes, Felipe and Morgan, Peter J. and Zhang, Bryan Zheng, The ASEAN Access to Digital Finance Study (January 10, 2023). CCAF and ADBI (2022) Cambridge Centre for Alternative Finance and the Asian Development Bank Institute, Available at SSRN: https://ssrn.com/abstract=4321488 or http://dx.doi.org/10.2139/ssrn.4321488