Malaysia

The FinLab’s Jom Transform Programme- Womenpreneurs Edition is curated to support entrepreneurs, specifically women, on their entrepreneurial and digitalisation journey within a like-minded community.

In Malaysia, the digital economy is expected to contribute 25.5 per cent to Malaysia’s gross domestic product (GDP) by 2025. Small and Medium Enterprises (SMEs), which make up more than 97 per cent of business establishments in Malaysia, will inevitably power these ambitions.

Southeast Asia is on the cusp of entering a golden age for economic growth and technological innovation thanks to rising mobile internet penetration rates, adoption of digital lifestyles and the number of start-up investments in the region.

COVID-19 has disrupted businesses, forcing them to embrace new possibilities. For the first time, businesses were conducted mostly virtually, many retailers rushed to shift their ordering capabilities and marketing efforts online and some even switched to live streaming services to promote their products online.

The only constant in life is change. We have seen it especially so in 2020 with the COVID-19 pandemic fundamentally reshaping customer behaviour and shifting how businesses operate.

Lawrence Loh – UOB Group Head of Business Banking, shares about the FinTech revolution.