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Infographic: Southeast Asia's Next Fintech Moat Is the Payout Network, Not the Wallet.

Original article: Southeast Asia’s Next Fintech Moat Is the Payout Network, Not the Wallet.

Editorial infographic showing how Southeast Asia's payment moat is shifting from consumer wallet apps to the licensed payout and settlement layer, with signals for 11,500 Swift banks, 500 million reachable stablecoin wallets, 140-plus Thunes corridors, 190-plus Nium payout countries, 195 Stripe selling markets, and the five licences Wise needed in Thailand.
In Southeast Asia, payout rail control matters more than owning the customer-facing app.