Consumers in Southeast Asia were increasingly opting for cashless payment methods, which includes cards, contactless cards, mobile payments, e-wallets and QR payments, even before the coronavirus pandemic disrupted life as we know it.

Digital payments in Southeast Asia

The business-to-business (B2B) payments market has been estimated to be bigger than the consumer market. According to EY, B2B payments are likely to account for US$150 trillion in global cross-border transaction by 2022.

B2B Payments: An untapped opportunity

Access to affordable financial services is critical for poverty reduction and economic growth. The rapid advancement of technology to enable access to basic financial services, however, is changing the status quo.

Financial inclusion is just a click away

Major tech events of 2021

Children are the most important resources for future economic growth. Access to essential health, education and nutrition is a requirement for every child as it enables more equal access to better-paying jobs later in life, as well as improves productivity, which can ultimately bolster a country’s economic prospects.