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The Business Station
Digital Disruption: Lim Guan Eng Digital Solution is Astro Digital Problem
10 mins·08:45, 27 Mar 2019
Digital Disruption: Lim Guan Eng Digital Solution is Astro Digital Problem
10 mins
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08:45, 27 Mar 2019
·
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00:15 - Astro announced that its quarter net profit fell 35% on-year to 118 million ringgit due to higher net finance costs and a decrease in Ebitda. Astro is anticipating a challenging operating environment, and review will focus on remaining efficient and agile to serve its customers better.
05:45 - Malaysia is well on its way to become a digital and cashless society given that some 91% of Malaysians already have access to online banking. Bank Negara statistics shows there is a drop of cash circulation to 7.4% in 2018. IMF standards on cashless society ist at a 2% cash circulation.
Presenter: Lyn Mak, Sharidz Abdullah and Julian Ng
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Events · May 13 · 4:01AM
ASEAN Gateway To Cross Border Payments
Events · May 13
ASEAN Gateway To Cross Border Payments
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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