Covid-19 has changed the way we bank. People no longer want to head down to a local bank branch. Instead, it’s a good time for digital banking, something governments in Southeast Asia want to push in order to further the cause of financial inclusion. Every country, though, has a markedly different gap to bridge.

In the Philippines, only 35% of the population above the age of 15 has a bank account. In Malaysia, that number is 85%. Singapore, an outlier, lies at 96%, and would likely serve as a base for regional digital banks, as we’ve written about earlier earlier The Ken Fool’s gold?