Having already established itself as a blockchain e-commerce company, Future FinTech is now planning to enter the challenger bank and digital payment sectors.
Future FinTech has announced that it has already recruited several digital banking sector and has been in contact with companies in this sector in Southeast Asia and Europe, in order to find M&A targets.
Future FinTech is particularly interested in countries of the Association of Southeast Asian Nations (ASEAN) as it represents roughly half of the 300 million internet users in the region who have not yet used online financial services.
“ASEAN is a huge potential market for challenger banks,” said Shanchun Huang , CEO of FTFT. “Under the leadership of our board of directors and management, we will build our competitive technology and business advantage in challenger banking and digital payment sector through our M&A strategy.
“Our goal is to turn [Future FinTech] into one of the leading financial technology companies in Asia, not only bringing a better banking experience to customers, but also bringing significant returns to our shareholders.”
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