BFM 89.9
The Business Station
Ticket To Ride Episode 131: The Road to Jerusalem
21 mins
·
20:00, 23 Jan 2017
·
Recommended
42 mins
17 mins
A city as old as time and the crossing point of the three Abrahamic faiths, a journey to Jerusalem, Israel is one that is pregnant with meaning. While it is easy to get swept away with city's history and religious significance, Jerusalem is a place of contrasts, with Sabbath observed in the old city and the new city serving up the region's best night life. Bob Tan shares his experience in this curious and conflicted destination plus all the complexities of getting there.
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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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