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Sustaining Network Effects

In: The FinTech Nation Excellence Unlocked in Singapore

Author

Listed:
  • VARUN MITTAL
  • LILLIAN KOH

Abstract

Singapore’s domestic market is small. However, it has positioned itself as “The Gateway to ASEAN”. The proximity between Singapore and its neighbours has led several global businesses and investors to establish Singapore as their base to cater to the broader ASEAN market, including Malaysia, Indonesia, Vietnam, the Philippines and many others. This web of networks has allowed Singapore to overcome its limitation of being a relatively small market, and its roots are visible in Singapore’s internal landscape. The FinTech Sandbox is a prime example of the positive network effects, which allow for effortless B2B transactions, and financial inclusion to develop in the ecosystem…

Suggested Citation

  • Varun Mittal & Lillian Koh, 2023. "Sustaining Network Effects," World Scientific Book Chapters, in: The FinTech Nation Excellence Unlocked in Singapore, chapter 6, pages 129-148, World Scientific Publishing Co. Pte. Ltd..
  • Handle: RePEc:wsi:wschap:9789811249167_0006
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    More about this item

    Keywords

    FinTech; FinTech Trend; Global FinTech Development;
    All these keywords.

    JEL classification:

    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
    • G2 - Financial Economics - - Financial Institutions and Services

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