cashless payments

Apr

Will COVID-19 mark a turning point for cashless payments in Asia?

Across Asia, the cashless drive had been gaining momentum long before COVID-19 broke out in late 2019. In less than a decade, China, the region’s largest and the world’s No. 2 economy, has transformed from a cash-dominant into a cash-light economy. Its neighbors have been following suit. A 2019 McKinsey…

Feb

Asia Payments Research

2020 Top Ten Asia Fintech Trends #6: Japan goes all in on cashless payments

Japan is one of the few major economies in Asia with a strong preference for cash. About 80% of transactions in Japan are cash, compared to 40% in China and 11% in South Korea.

Jan

Asia Banking Research

Vietnam pushes for a fintech regulatory sandbox

Vietnam is ready to finalize plans for a regulatory sandbox for fintech banking and cashless payments, according to Asia financial magazine The Asset. The Vietnamese government issued Resolution 01 on January 2, which outlined significant tasks and solutions to bolster the country’s socio-economic development in 2020. The sandbox is expected…

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