Tag "Digital Payments"
Payments Innovation in Indonesia to Drive Economic Growth and Financial Inclusion
Payments innovation in Indonesia holds significant promise for contributing to the nation’s economy and helping bring about a more inclusive, accessible, and equitable financial system. This system is also supporting the country’s digital economy and connecting Indonesians across its large
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BNPL to Grow Nearly 9-Fold through 2025 in Southeast Asia
In Southeast Asia, the rise in Internet penetration and smartphone usage, coupled with the region’s booming e-commerce sector and large population of unbanked, are providing fertile ground for alternative payments to strive. Buy now, pay later (BNPL) arrangements, a type
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Measuring the True Cost of Failed Payments
In a post-pandemic economy that has become truly reliant on digital technology to connect individuals and business partners globally without borders, digital payments that are fast, reliable and safe are critical. And the ramifications when some of these payments failed
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Vietnam Ditches Cash: More Consumers Opt for Cashless Payments
Cashless payments in Vietnam have seen rapid growth in popularity as a growing number of Vietnamese consumers seek more efficient and secure ways to manage their finances. From contactless card payments to mobile wallet transactions, the range of cashless options
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In Vietnam, Rural Adoption Is the Driving Force for Cashless Payments
In 2022, cashless payments continued to see increased usage in Vietnam, carrying on a trend that accelerated with the COVID-19 pandemic. This trend is emerging at the expense of cash usage which continued its decline last year. In 2022, non-cash
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How Payment Trends Are Set to Evolve Across Asia in 2023
The way we pay for goods and services is constantly evolving, and the payment trends in Asia are only accelerating in 2023 as digital innovations are increasingly harnessed to offer ease and convenience to consumers in a competitive retail environment.
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Top 5 Transformative Fintech Spaces to Watch in 2023
Unlike a lot of the next-generational technology that have thus far failed to live up to their full purported transformational abilities, the disruptive potential of financial technology (fintech) has been more evident in numerous practical use cases. And in 2023,
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India’s Central Bank Spurring a Digital Payments Boom
India’s Central Bank has been digitising the country’s payment process at a rapid speed. The digital payment index (DPI), a metric used by the Reserve Bank of India (RBI) to determine the growth of digital payments across the country, rose to 349.30
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E-Commerce Boom Propelling Digital Payments Adoption in Southeast Asia
Southeast Asia (SEA) is experiencing exponential growth in digital payments encouraged by a booming e-commerce scene. The region is now home to some of the world’s largest online marketplaces in some of the fastest-growing economies like Indonesia, Malaysia, Singapore, and
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A Look at India’s Grand Vision to be a Global Payments Powerhouse
In June, The Reserve Bank of India (RBI) released its Payments Vision 2025, a document that outlines the central bank’s ambitions for the domestic payment ecosystem for the next three years, sharing aspirations for cross-border payment linkage, the development of
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