BFM 89.9
The Business Station
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42 mins
17 mins
Guest: Aira Azhari, Acting CEO, IDEAS
The latest Dewan Rakyat sitting will run for 18 days and among the issues in focus will be the long-anticipated revival of the Parliamentary Services Bill. We speak to Aira Azhari of IDEAS about the expectations for the session and measures to enable MPs to be more effective in their law-making duties.
Image Credit: Shutterstock.com
Presenter: Wong Shou Ning, Shazana Mokhtar
Producer: Tun Hizami Hashim
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Events · May 13 · 4:01AM
ASEAN Gateway To Cross Border Payments
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ASEAN’s digital payments sector is experiencing rapid growth, fueled by increasing smartphone use, fintech innovation, and a booming e-commerce landscape. Key markets like Indonesia, Vietnam, and the Philippines are leading the way, with major opportunities in digitizing MSMEs and expanding rural financial access. Consumers are shifting toward mobile-first behavior, embracing e-wallets, mobile banking, and digital banks that offer greater convenience and accessibility. ASEAN central banks are strengthening cooperation to enhance payment linkages through QR code integration and shared standards. A major initiative, Project Nexus, aims to make cross-border payments faster, cheaper, and more seamless, though challenges remain in aligning regulations and infrastructure. As digital transactions surge, cybersecurity becomes critical, with the need to protect users without disrupting the payment experience. Importantly, digital finance is helping bank the unbanked, especially in rural areas, where mobile money and fintech tools are providing people with their first access to formal financial services.How can ASEAN ensure inclusive growth as digital payments continue to expand?
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