ASEAN citizens are not unfamiliar with digital payments.In a survey by Visa, around 64 percent of consumers in Southeast Asia are confident of going cashless for a full day, highlighting the region’s strong drive towards digital payments.
Around 64 percent of consumers in Southeast Asia are confident of going cashless for a full day, highlighting the region’s strong drive towards digital payments.And while almost half of ASEAN’s citizens in a recent survey by Visa are confident they can go cashless for up to three days, awareness of cashless payment systems in Myanmar is still relatively low.Although more than 40 percent of the survey’s respondents expect to utilise cashless payment in the coming year, awareness of contactless
This year has been transformational for the ride hailing sector in Southeast Asia according to a recent joint report by Google and Singapore’s Temasek Holdings. With the merger of Grab and Uber in March, and the latter’s withdrawal of services from the region, Grab has consolidated its leadership in the sector.
Singapore and Thailand are in discussions about connecting their national digital payment systems to forge an unprecedented regional alliance, as officials step up efforts to curb the use of cash.The link would bring together Southeast Asia’s first national digital-payment platforms, Singapore’s PayNow and Thailand’s PromptPay, said Naphongthawat Phothikit, director of payment systems policy at the Bank of Thailand.“The Monetary Authority of Singapore and the Bank of Thailand are exploring th