As major retailers leverage improved infrastructure to expand their operations, Indonesia is predicted to enjoy double-digit growth in both offline and online retail markets over the next decade. Cashless payments will be key to realising its future economic potential.
As technological development outpaces the rate at which candidates are trained, Singapore’s fintech firms are struggling to find the right person for the job.
The UN says job creation in productive industries will be essential for keeping pace on its Sustainable Development Goals. To stay competitive, Southeast Asia will need to double down on inclusive and forward-looking economic policies.
Come 2020, most of ASEAN’s citizens could find themselves paying more for digital services. Indonesia is the latest ASEAN nation to draft new tax legislation on online products and services.
Fast and transparent cross-border payment systems will change the habits of businesses and consumers. Digital payment providers should seize the opportunity to expand their market reach.
To continue attracting the top regional tech talent, Singaporean companies need to go beyond free dress codes and on-site baristas. Firms must revisit the relationship between employees and the workplace.
Spurred by fintech’s success in consumer markets and stronger regulatory frameworks, more businesses are turning to fintech products to meet their financial demands.
Despite being the backbone of the regional economy, SMEs in Southeast Asia have long suffered from a lack of financing opportunities. The advent of fintech is set to fill the credit dearth.
Merchants in Vietnam don’t like credit cards, and they are not alone. Vendors across the world are refusing to serve credit card customers.
As the prices of Bitcoin and other crypto-currencies rally, Singapore stands to benefit from increased crypto investments.