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Asia Pacific Leads in Noncash Transactions

Asia Pacific Leads in Noncash Transactions

by Teuvo Tuomi | Nov 21, 2024 | ASEAN, Asia, Banking, Business, Digitalization, Economy, Technology

Capgemini projects instant payments accounting for 22% of noncash transactions by 2028, the Standard Charters research institute reports. The Asia Pacific region is leading this trend with a 20% year-on-year increase in noncash transactions, outpacing growth in Europe...
QRIS Made Available in More Countries: BI

QRIS Made Available in More Countries: BI

by Teuvo Tuomi | Jul 18, 2024 | ASEAN, Business, Economy, Indonesia, News, Tourism, Travel

Bank Indonesia (BI) says that the Quick Response Code Indonesian Standard (QRIS) digital payment system will be made available in more countries. According to Deputy Governor Filianingsih Hendarta, the central bank will sign agreements for the cross-border use of QRIS...
BOT Promotes Interoperable Digital Payment Systems

BOT Promotes Interoperable Digital Payment Systems

by Teuvo Tuomi | May 22, 2024 | ASEAN, China, Digitalization, Lifestyle, News, Technology, Thailand

The Bank of Thailand (BOT) is accelerating its efforts to expand the digital payments ecosystem, aiming to make transactions more accessible and convenient for both Thai citizens and foreign visitors. A key focus of the BOT‘s initiative is the establishment of...
ASEAN Central Banks Are Pushing Digital Payments

ASEAN Central Banks Are Pushing Digital Payments

by Teuvo Tuomi | Nov 17, 2022 | ASEAN, Business, Economy, News, Southeast Asia

At the G20 Summit in Bali, the central banks of Indonesia, Malaysia, the Philippines, Singapore, and Thailand entered a memorandum of understanding to start using QR codes for international payments between the five countries, without the need to use the US dollar....

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