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Going cashless in Asean

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.

A patron paying for her food using the DBS PayLah! mobile payment app at a hawker centre in Singapore. Cashless options have only just arrived but have quickly gained a foothold in South-east Asia.

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.

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