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How digital payments could revolutionise liquidity itself 

Real-time liquidity for all assets is the last stop on the drive towards a cashless society. Digital payments and cross-border e-commerce, where S-E Asia leads, is where it begins.

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    • Digital and mobile payments are popular because consumers prefer the frictionless and immediate convenience while businesses value the cash-management benefits.
    • Digital and mobile payments are popular because consumers prefer the frictionless and immediate convenience while businesses value the cash-management benefits. ILLUSTRATION: PIXABAY

    John Mitchell

    Published Fri, Dec 15, 2023 · 11:00 AM

    CASH is being dethroned.

    Most nations still mint metal and print paper for currency. But in Asia, the pace of change is well ahead. Business consultant McKinsey already called out Asia’s cashless lead in 2020 when it cited connected commerce, contactless consumers, and cross-border activity – all supported by digital payments – as key drivers.

    In a more recent report, the consultant highlighted that South-east Asia is poised for up to 25 per cent annual growth in e-commerce for the next five years. Digital payments also underpin that trend, and in Asia, they’re set to grow nearly sevenfold into 2027, according to a market analysis report.

    E-paymentsdigital assetsDigital currencies

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