OneConnect Financial Technology, a cloud-based fintech platform controlled by Ping An Insurance, sees Southeast Asia as one of its main markets. Photo: HandoutOneConnect Financial Technology, a cloud-based fintech platform controlled by Ping An Insurance, sees Southeast Asia as one of its main markets. Photo: Handout
OneConnect Financial Technology, a cloud-based fintech platform controlled by Ping An Insurance, sees Southeast Asia as one of its main markets. Photo: Handout
Business /  Companies

Ping An’s OneConnect fintech arm expects flurry of deals in Southeast Asia as Covid-19 spurs shift to digital banking

  • The SoftBank-backed fintech platform last week raised US$356.4 million from a follow-on share sale to fund its overseas expansion and new product development
  • The company sees the most potential in Indonesia, where the use of smartphones is growing rapidly

Topic |   Fintech
Daniel Ren
Daniel Ren in Shanghai

Updated: 1:05pm, 24 Aug, 2020

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OneConnect Financial Technology, a cloud-based fintech platform controlled by Ping An Insurance, sees Southeast Asia as one of its main markets. Photo: HandoutOneConnect Financial Technology, a cloud-based fintech platform controlled by Ping An Insurance, sees Southeast Asia as one of its main markets. Photo: Handout
OneConnect Financial Technology, a cloud-based fintech platform controlled by Ping An Insurance, sees Southeast Asia as one of its main markets. Photo: Handout
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