BFM 89.9
The Business Station
Recommended
42 mins
17 mins
2020 is here, and with it a 6% service tax imposed on foreign digital services here in Malaysia, also known as the Digital Tax. We take a look at how the tax will affect your favorite digital services, like Netflix, Spotify and AirBnB, and your pocket starting Jan 1st.
Presenter: Richard Bradbury, Jeff Sandhu, & Audrey Raj
Producer: Christine Wong
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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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42 mins
Podcasts · May 13 · 42 mins
Cracking the Code of White Space Markets