South-east Asia is ripe for a cashless revolution
With one of the world's fastest-growing Internet and mobile penetration rates, South-east Asia is ripe for a cashless revolution that may just solve the region's unmet financing demands.
THERE is more commerce going around then ever before; more people are trading goods and money is being circulated across borders at an unprecedented rate. With all this activity going on, it's getting much harder to manage cash - both for institutions and the people using it.
Thanks to new advancements in financial technology, we're better-positioned to create smarter ways of using money. The rise of cashless solutions means that you can complete your business without ever touching a physical banknote.
But while governments and banks are racing to develop cashless solutions to drive down large cash management infrastructure costs, the cashless revolution hasn't quite taken off.
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