BFM 89.9
The Business Station
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17 mins
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The Trump administration began collecting 15 percent tariffs on more than 125 billion dollars worth of Chinese imports. China on the other hand increased duties of between 5 percent to 10 percent on a variety of major American exports. As both sides continue to fan the flames, is there still a chance we will see deescalation any time soon? And how does this affect the rest of us in Asia?
We speak to Ross Cameron, fund manager and head of Japan for Northcape Capital on his insights.
Presenter: Lyn Mak, Sharidz Abdullah, Julian Ng
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Events · May 13 · 4:01AM
ASEAN Gateway To Cross Border Payments
Events · May 13
ASEAN Gateway To Cross Border Payments
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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