Digital payments at forefront of S-E Asia's booming Internet economy
Singapore
THE digital payments market in South-east Asia has hit an inflexion point, and growth in this segment is likely to propel the region's Internet economy to a US$300 billion market by 2025.
This is according to the annual e-Conomy report by Google, Temasek Holdings and Bain & Company released on Thursday, which showed a US$100 billion bump in its US$200 billion projection made in 2016.
TRENDING NOW
A ‘shadow bank’ hiding in Singapore’s Little India casts light on financial services gap
UOB CEO’s youngest child Grant Wee turns burnout into a wellness business
Can Seatrium build on its robust H1 earnings? UOBKH and DBS analysts have divided views
Yeoh Pei Xien: YTL’s third-gen scion with a pastor’s heart