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...
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...
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...
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....
