SUSTAINING NETWORK EFFECTS

Varun Mittal and Lillian Koh

Chapter 6 in The FinTech Nation:Excellence Unlocked in Singapore, 2023, pp 129-148 from World Scientific Publishing Co. Pte. Ltd.

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…

Keywords: FinTech; FinTech Trend; Global FinTech Development (search for similar items in EconPapers)
JEL-codes: G2 O33 (search for similar items in EconPapers)
Date: 2023
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