Who Leads in Southeast Asia in Digital Payment Adoption? (The Asset)

Southeast Asia is going cashless. Around 85% of consumers in the region use some form of digital payment ranging from contactless cards to e-wallets, according to the latest Consumer Payments Attitudes Study by payments company Visa.

Singapore leads the way when it comes to cashless payments with a 98% penetration rate, while Myanmar and Cambodia lag behind, notching 64% and 40% respectively. READ MORE

Similar Posts:

• The Great ASEAN Economic Rebound (Murray Hunter Substack)
• Which Countries Are Most Influenced By China? (Oilprice.com)
• Southeast Asia Bucks Trend of Sinking Global Foreign Investment (Nikkei Asian Review)
• Minimum Wage Politicking Stings Employers in Southeast Asia (Nikkei Asian Review)
• Frontier Market ETFs Have 72% Exposure to Oil-Dependent Countries (FT Adviser)
• Myanmar: A Long Term Growth Story (AFC Asia Frontier Fund)
• Gap Inc Will Be the First to Bring the “Made in Myanmar” Label to America (Myanmar Times)
• The Spoils of Trade War: Asia’s Winners and Losers in US-China Clash (SCMP)
• Southeast Asian Tech Hubs Race to Become the Next Silicon Valley (Nikkei Asian Review)
• GST: Asia’s Most Important Economic (Election) Talking Point? (SCMP)
• Southeast Asia Gains New Leverage as China and US Battle for Influence (Nikkei Asian Review)
• Sustained Growth Slowdown in China Would Spill Over to Asia-Pacific Region and Beyond (Moody’s Talk)
• Are Asian Households Over Their Head in Consumer Debt? (CNBC)
• Myanmar: Where a SIM Card Price Went From $2,000 to $1.50 (BloombergBusinessweek)
• Myanmar: Unmet Potential (Asia Frontier Capital)