Expansion of Mobility Services and Its Impact on the Development of a Cashless Society in Indonesia(4)

Global eyes on startup fever in Indonesia

In this sense, it may not be too much to say that a rosy outlook on the startup fad in Southeast Asia is likely to be maintained for the time being. Among 11 countries in Southeast Asia, Singapore and Indonesia has been viewed as spearheading the advent of the digital economy across the region. 

It is little doubt that Singapore is the financial and technological hub of Southeast Asia with its delicately developed free-market economy. Blessed with the world’s 4th largest population of around 260 million people, Indonesia takes approximately 40% of the total GDP of the Southeast Asian economy.

Expansion of Mobility Services and Its Impact on the Development of a Cashless Society in Indonesia(4)

Recent startup boom across Southeast Asia

This could explain why global investment experts have been paying closer attention to this area where the youth covering roughly half of the whole population are climbing on the brand new era of the digital economy. 

In this sense, it may not be too much to say that a rosy outlook on the startup fad in Southeast Asia is likely to be maintained for the time being.