ASEAN | Connecting nations, connecting payments in ASEAN

Cashless society: A buyer makes a purchase using a Quick Response Indonesian Standard (QRIS) code during a micro, small and medium enterprise trade show in Cibinong, Bogor regency, West Java, on June 20, 2023.(Antara/Yulius Satria Wijaya)

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Technological advancements have revolutionized various facets of human life, fundamentally altering the landscape of transactions and payment mechanisms. In this era of digitalization, a seamless and interconnected payment system assumes a pivotal role in expediting trade and nurturing economic expansion, especially throughout ASEAN.

Embracing 10 diverse member nations, each characterized by distinct technological and regulatory nuances, ASEAN stands at the threshold of a momentous opportunity, poised to amplify collaboration and drive economic prosperity within the region through advancing payment-system connectivity.

Memento Maxima Digital Marketing
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With a population of nearly 670 million people, Southeast Asia boasts considerable potential. Notably, there has been rapid growth in internet penetration. Internet users across six Southeast Asian countries witnessed an increase of 40 million users (10 percent) in 2021, with an anticipated additional rise of 20 million users (5 percent) in 2022.

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to Read Full Story- Click to read: https://www.thejakartapost.com/paper/2023/08/23/connecting-nations-connecting-payments-in-asean.html.

Aditya Very Cleverina (The Jakarta Post)
PREMIUM Jakarta
●   Wed, August 23 2023

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