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Search Fintech Sector in Brunei Is Growing Steadily as Demand for Remittance Services and Better Credit Solutions Rises: Report December 23, 2020 @ 11:38 pm By Omar Faridi Brunei’s Fintech sector continues to grow steadily due to the rising demand for digital financial services and its government’s push to encourage its residents to use modern payment methods. Brunei has the second-highest (after Singapore) human development index or HDI (which measures the overall quality of life of a nation’s citizens by taking into consideration factors like the quality of healthcare and education se...

  Though still in its early stages, Brunei Darussalam’s fintech ecosystem is developing quickly on the back of rising demand for low-cost fintech products, increasing number of entrepreneurs and startups, and supportive government initiatives, according to a new report by the Monetary Authority of Brunei Darussalam (AMBD). In a report titled The State of Fintech in Brunei Darussalam: Year 2020, the central bank provides an overview of the state of fintech in the Southeast Asian country, outlining the major fintech developments that have occurred over the past couple of years. In particular...