FinTech Adoption and Business Innovation in ASEAN Countries

Abstract

Financial Technology (FinTech) has absolutely shaken the economic and commercial enterprise enterprise withinside the nations of ASEAN. The multiplied adoption of virtual payments, cell banking, blockchain, and economic structures have altered how enterprise is conducted, innovations, and competition. This paper discusses the relationship among the FinTech utilization and the enterprise innovativeness in ASEAN economies. It concentrates on how the commercial enterprise fashions are supported the usage of FinTech tools, the manner they make a contribution to higher operational efficiency, in addition to innovation, specially withinside the small and medium-sized enterprises (SMEs). The ASEAN nations have a exceptional case due to the fact they have got distinctive stages of financial development, excessive cell penetration, and favorable authorities policies. This paper has used the findings of beyond studies to become aware of the significance of FinTech withinside the virtual transformation, economic inclusion, and revolutionary commercial enterprise practice. The outcomes suggest that an elevated FinTech adoption performs a decisive function in enterprise innovation through making it cheaper, greater on hand to finance, and tasty the consumer higher. The take a look at has realistic implications to the coverage makers, corporations and students withinside the subject of virtual finance and innovation in growing economies.