Payments

Banks say digital assets will complement, not replace, existing cross-border payment systems

Observers note that cash still has a role in building consumer confidence amid scams and fraud

Move includes AI training for 100,000 professionals, new measures to prepare sector for emerging technologies

Abhinav Tiwari also sees an opportunity to be part of city-state’s development of stablecoin payments

But as digital payments dominate, ‘uneven digital maturity’ is preventing SMEs from capitalising on growth

The next phase of integration will matter most

Investments for this year’s expansion will be financed by the firm’s cash on hand

Four critical developments point to where payments in the region are heading next

The payments app has amassed 72 million users