Gen X and Baby Boomers in Asia rapidly catching up with fintech

Amid the overall digitization and growing penetration of online services in Asia, the daily use of financial technologies by older generations is growing too. Studying the demand for online financing services in Asia in 2019, analysts of Robocash Group revealed a steady increase in the number of customers aged 41-50 and 51-60 years. At the same time, the example of youth that prevails in the Philippines encourages older customers to try alternative opportunities, including fintech. Indonesia took second place by the share of Gen X and Baby Boomers among users of online financing services. Commenting on the results, the company analysts noted that despite the steadily growing use of fintech tools by Gen X and Baby Boomers in the Asian countries, the gap remains uncovered.

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