BFM 89.9
The Business Station
Recommended
42 mins
17 mins
There are some buildings that have missing floors, where a black cat will never be found, and everyone walks around the ladders whilst touching wood. For many people this might seem a little odd, but there are some businesses who firmly believe that superstitions have a direct impact on their bottom line.
Presenter: Richard Bradbury, Jeff Sandhu, & Audrey Raj
Producer: Richard Bradbury, Jeff Sandhu, & Audrey Raj
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Events · May 13 · 4:01AM
ASEAN Gateway To Cross Border Payments
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ASEAN’s digital payments sector is experiencing rapid growth, fueled by increasing smartphone use, fintech innovation, and a booming e-commerce landscape. Key markets like Indonesia, Vietnam, and the Philippines are leading the way, with major opportunities in digitizing MSMEs and expanding rural financial access. Consumers are shifting toward mobile-first behavior, embracing e-wallets, mobile banking, and digital banks that offer greater convenience and accessibility. ASEAN central banks are strengthening cooperation to enhance payment linkages through QR code integration and shared standards. A major initiative, Project Nexus, aims to make cross-border payments faster, cheaper, and more seamless, though challenges remain in aligning regulations and infrastructure. As digital transactions surge, cybersecurity becomes critical, with the need to protect users without disrupting the payment experience. Importantly, digital finance is helping bank the unbanked, especially in rural areas, where mobile money and fintech tools are providing people with their first access to formal financial services.How can ASEAN ensure inclusive growth as digital payments continue to expand?
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