Digital banks have been hit or miss in Asia. This is where they could potentially succeed. (Photo by … [+]
Digital banks have sprung up across Asia in recent years. In many cases, they are having little impact on the overall banking market. Affluent societies like Singapore, Hong Kong, Japan and Taiwan are not lacking banking options. Even middle-income countries like Malaysia and Thailand have limited financial inclusion needs.
Yet in certain countries that are less affluent, and where the financial system is still underdeveloped, digital banks can play…
