This blog highlights the key trends shaping the region’s payment and financial landscape and discusses their implications for financial institutions, regulators, and consumers alike. Southeast Asia’s payment landscape is evolving at an unprecedented pace, driven by rapid technological advancements, regulatory developments, and shifting consumer behaviors. The pandemic-induced acceleration of digital transformation has further propelled the […]
Tag Archives: payment systems
26
Jul
Jul
As emphasised in opening remarks by Deputy Governor Jessica Chew at the Central Bank Payments Conference on 11 June 2024 in Kuala Lumpur, “The payment system lies at the heart of economic activity. If money is the lifeblood of the economy, then payment systems represent the veins that allow money to flow to where it […]
Financial Stability
Revolutionising Payment Services: The Impact of the Payment Services Directive (PSD) in the European Union and beyond
03
Feb
Feb
The rise of internet and mobile payments has drastically altered the way people pay for goods and services. This change is not only reflected in an increase in their share of overall payments, but also in the way our habits and preferences have evolved. Banks, payment card companies and intermediaries have responded to these changes […]