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The next frontier in Asia payments
Despite the near-term disruption to revenue growth related to the COVID-19 pandemic, Asia’s payments sector remains positioned for long-term success and is poised for a swift return to healthy growth.
Accelerating winds of change in global payments
The COVID-19 crisis is having a significant and widespread effect on global payments across sectors. The most striking and potentially lasting impact is an accelerating pace of change in the industry.
Southeast Asia internet economy hits $100 billion
The Bain & Company report shows that two Alliance members, Indonesia and Vietnam, are growing the fastest and the adoption of digital payments in the region is expected to cross $1 trillion by 2025.
Connection between financial innovation and inclusion
This paper explores the nexus between financial inclusion and financial innovation by looking at data from 6 South Asian countries - including 4 Alliance members.
Closing gender gap through fintech
This ADBI brief discusses policy interventions that can help governments in the Asia Pacific region leverage fintech to close the gender gap in financial inclusion. It calls for ensuring tailored services that promote ease of use, flexible regulation to promote access and active coordination among relevant government ministries to enhance financial education.
Youth, entrepreneurship and digital financial inclusion
New World Bank Findex note discusses the many ways in which young people in Sub-Saharan Africa are using formal financial services for entrepreneurship.
Mobile money spreads in Asia
Over the past five years, mobile money has gained traction in South Asia, which is experiencing an average annual growth rate of 46 percent in mobile money accounts—the highest across all regions. For more details check out IMF’s 2019 Financial Access Survey that was released last week
The mobile gender gap: Asia
The top barriers to mobile ownership in Asia are literacy and skills and affordability, with family disapproval also featuring as a major barrier in parts of South Asia.
How to create modern G2P payment systems
New CGAP focus note explores the core idea behind future-ready G2P payments, lays out its advantages and challenges, and describes how governments can create modern G2P payments systems. It draws heavily from ongoing efforts in Bangladesh, India, Kenya, Tanzania and Zambia.
Near-term impact of India’s demonetization
New Harvard University paper looks at the impact of demonetization on the Indian economy. It finds that, in the near-term, the event led to “temporary reductions in employment, output, and credit.” But “there may be potential longer-term benefits” in several areas, including tax collection.
