Out of the 50 digital challenger banks operating in Asia Pacific (APAC), just ten operators are profitable. These providers are primarily located in China and Japan, indicating that the two nations offer the most mature and developed digital banking landscapes in the region, according to a new analysis by the Boston Consulting Group (BCG). In a new report titled Emerging Challengers and Incumbent Operators Battle for Asia Pacific’s Digital Banking Opportunity, BCG looks at the neobanking and digital banking landscape, and explores why Southeast Asia and India are emerging as the next growth markets. 50 Digital Challenger Banks in APAC, Source: Emerging Challengers and Incumbent Operators Battle for Asia Pacific’s Digital Banking Opportunity, BCG, June 2021