According to the report, investments were down substantially in 2020 compared to 2019, dropping by close to $12 billion USD. The report does note, though, that 2021 is expected to see a significant pick-up in activity as the region recovers from the virus.
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Fintech in Asia Report Shows Pandemic’s Impact in Region was Substantial, Recovery Expected
Hong Kong-based financial services and investments firm Global Investment Bank, along with Capital Trust, released the “State of Global Investments into Asian Fintech: the Impact of COVID-19 and Prospects for 2021.” The report indicates the COVID-19 pandemic put a notable dent in the flow of money into the sector last year. So reports Yahoo! Finance.
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