Asia is poised to claim nearly half of the world’s fintech transactions by the end of 2025, solidifying its position as a global leader in the sector, according to a new report from Singapore-based UnaFinancial.

The study reveals that fintech transactions worldwide hit $16.8 trillion in 2024, up $2.1 trillion from the previous year. With Asia’s fintech market projected to grow to $18.9 trillion by December 2025—a robust 12.6% year-on-year increase—the region is expected to account for 47.1% of the global market, forecasted at $40.1 trillion. This surge highlights Asia’s rapid outpacing of other regions in adopting and expanding fintech innovations.

The report points to digital banking as a key driver, contributing $684 billion—or 32.9%—of Asia’s fintech growth in 2024. However, the most explosive expansion has occurred in digital investment and wealth management, which have soared at an average annual rate of 92.1% since 2010. Analysts attribute this boom to widespread smartphone use and limited access to traditional banking, particularly in underserved areas, fueling demand for digital alternatives. Additionally, the rise of “super-apps”—platforms integrating digital wallets, buy-now-pay-later (BNPL) services, and e-commerce—has accelerated fintech adoption across the region.

Government initiatives are also propelling this growth, with efforts to build digital payment infrastructures and push for cashless economies boosting cross-border digital transactions. The report predicts that digital payments and transfers will lead Asia’s fintech expansion, driving 45% of the region’s growth—well above the global average of 32%. As Asia continues to leverage technology and policy to transform financial services, its dominance in the fintech landscape underscores a shift toward a more digitized, accessible financial future.