Outmaneuvered by Trust: How Informal Money Networks Are Beating US Fintech in Southeast Asia's Remittance Market
Despite lower fees and faster digital infrastructure, American fintech companies are struggling to capture Southeast Asia's vast remittance market — losing ground to centuries-old informal networks that run on community trust rather than technology. Understanding why these systems persist, and how a handful of US firms are finally finding traction by working alongside them, may define the next chapter of cross-border financial services in the region.