Subscribers

Electronic payments a big plus for emerging economies: study

With EM consumption growing faster than in developed markets, e-payments can help boost GDP

Singapore

IN A nod to the network effect, a Visa-commissioned study by Moody's Analytics on Wednesday showed emerging economies have more to gain in boosting electronic payments.

This comes as developed economies saw a greater boost in consumption through electronic payments, than developing economies, even as emerging markets' consumption growth is bound to grow much faster.

"Because consumption growth is on average faster in emerging economies, emerging economies have more to gain by increasing electronic...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes