Digital Crew®’s Post

Indonesia and South Korea have agreed to work closer together to pursue cross-border payment connectivity. Cross-border payments are key to the development of the digital economy and tourism industries of countries across the globe. This step marks the move towards a more interconnected and efficient landscape between the two countries. Read more in Asian Banking and Finance: https://bit.ly/3zZAmWO #crossborder #digitalpayments

We are humbled to be a part of this exciting project! Being 16 years in Indonesia’s payment landscape surely is a journey. Huge congrats to Emerging Payments Association Asia for crafting a comprehensive report highlighting industry leaders 👏 If you're curious about #IndonesiaPaymentLandscape dive into the full report here 👉 https://lnkd.in/e_MBQ6Sa #PaymentFintech #PaymentLandscape

Unlock the Power of Indonesia's Digital Economy! Did you know Indonesia's digital transactions are set to hit a staggering US$417bn by 2025? 📈 Our infographic breaks down: ✅ What exactly is a payment gateway? ✅ Why Indonesia's unique market demands robust payment solutions ✅ Who's leading the charge in payment innovation Read to explore the future of payments in Southeast Asia's largest economy! Follow Brick for more insights to supercharge your payment strategy! 💡#PaymentGateway #OpenFinance #BrickIndonesia

Q: Why are transport card payments important? A: Because they make up the majority of card payments (Asia's total annual transport card transactions alone surpass the total global transactions of the two largest international payments systems). At #MPAP2024, Rohaila Abdul Latiff discusses how PayNet (Payments Network Malaysia) are enabling Malaysian customers to use their domestic debit cards to pay for transport fares and highway tolling. Join Asia's transport and payments experts at in Jakarta on 24-26 July https://lnkd.in/gXPYhhsN

Alipay+, a global platform for digitization and cross-border mobile payments run by Ant International, revealed that it had inked a #partnership with the Jeju Tourism Organisation and the Korea Easy Payment Foundation. Through the provision of practical digital payment services and special offers, the alliance seeks to greatly improve the #travel experience for foreign tourists visiting the well-known island of Jeju. This will help to stimulate the local economy, according to a statement from Alipay+. Koh Seung-cheol, Chief Executive Officer of Jeju Tourism Office, said that this agreement is geared towards boosting the spending of foreign tourists by promoting QR code-based transactions, thereby fostering economic growth in the local community. The Korea Easy Payment Foundation's CEO, Choi Tong-joo, stated that the organisation wants to increase the scope of its partnerships with local payment providers in order to create a smooth payment #infrastructure that integrates both local and foreign services. To share your startup story write us on - contact@startuprise.org #Payments #Infrastructure #KoreaEasyPayment #Jeju

🚀 Chinese digital payments are transforming Singapore’s cashless economy! From WeChat Pay to Alipay, these platforms are making it easier for Chinese tourists to feel at home while exploring the Lion City 🏙️. Our latest blog dives into how these payment giants are not only boosting tourism but also reshaping local business operations. Whether it's grabbing street food 🍜 or booking luxury stays at iconic hotels 🏨, the convenience of mobile payments is setting a new standard. Want to know more about the future of digital payments in Singapore? Check out our blog now! 👇 https://lnkd.in/diTtnZ8B #DigitalPayments #WeChatPay #Alipay #SingaporeEconomy #CashlessSociety #FinTech #Ecommerce #Tourism

Exciting times indeed for 🇲🇾 Malaysia's economy as we witness a significant shift in the way we conduct transactions! 💸 The rise of digital payments is not only revolutionizing our everyday financial interactions but is also playing a vital role in enhancing efficiency and convenience for consumers and businesses alike. 🏧 With the growing preference for cashless transactions, understanding the evolving landscape of digital payments has never been more critical. As we delve into the latest statistics and trends, it's fascinating to see how this digital transformation is reshaping our economy and what that means for the future. Don't miss out on the opportunity to stay informed and ahead of the curve! Explore the insights here: https://okt.to/QpqLm1 #FinastraPayments

Thinking back to my university days, my final year thesis was centered around the adoption of MEPS Cash among students. Back then, MEPS Cash was truly ahead of its time – a precursor to the cashless wave we’re experiencing today. Despite its innovation, adoption didn’t quite take off as expected, and eventually, MEPS Cash was phased out. This was when the Touch ‘n Go card emerged, a solution that has since become deeply embedded in our daily lives. Interestingly, both MEPS Cash and Touch ‘n Go functionalities were integrated into our national identity cards at the time, but despite that, widespread usage for MEPS Cash remained a challenge while adoption for Touch N Go Card eventually growing until today. What’s fascinating is that much of my research was inspired by the thesis "A Study on Users Perception Towards Cash Card Usage in UPM" (2001) by Associate Professor Dr. Maizatul Akmar Binti Ismail. For those interested, you can check out the full thesis here: https://lnkd.in/gFaarbiW Looking at where we are today, it’s incredible to see how far Malaysia’s payment landscape has come. From those early days to the continuous innovations introduced by PayNet (Payments Network Malaysia) , we are making strides to create a more convenient and connected future for all Malaysians. #PayNet #throwback #digitalpayment #mepscash #cashlesssociety

Indonesia's payments industry is booming, driven by a growing middle class and supportive government policies. This surge in digital transactions fuels economic activity and fosters a vibrant fintech ecosystem for one of the world's fastest-growing economies. To unlock its full potential, The payments ecosystem requires robust investment, top talent, clear regulations, and continuous education to empower businesses and consumers. Last year, EPAA released 𝐄𝐱𝐩𝐥𝐨𝐫𝐢𝐧𝐠 𝐏𝐚𝐲𝐦𝐞𝐧𝐭𝐬 𝐢𝐧 𝐈𝐧𝐝𝐨𝐧𝐞𝐬𝐢𝐚: 𝐀𝐧 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐎𝐮𝐭𝐥𝐨𝐨𝐤, which deep-dived into trends shaping Indonesia's exciting payments landscape. We will be discussing insights from the report and what to look forward to in 2024. Join us on 21st May for a Hot Topic Briefing to discuss “𝐈𝐧𝐝𝐨𝐧𝐞𝐬𝐢𝐚 𝐏𝐚𝐲𝐦𝐞𝐧𝐭𝐬 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞 2024: 𝐊𝐞𝐲 𝐓𝐫𝐞𝐧𝐝𝐬 & 𝐄𝐱𝐩𝐞𝐫𝐭 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬” Register now! https://lnkd.in/gbDRYVRm Camilla Bullock Linda Stanojevic Sally Sternecker Danelle Denny Niamh Laing Sarah Chan Monica Jasuja Pratyush Prasanna Riza K. Alison Jap Jan McGrath Holly Dorber Carrie Suen Kanv Pandit  Amira Karim Dr Brad Pragnell Nilixa Devlukia Richard Reid Antony Morris Rajiv Madane Leanne Bradley Lance Blockley Lars Sjögren Raphael Jansa Monica Jasuja Pratyush Prasanna Mika von Haartman Tony Seno Hartono Rahul Bhargava #epaa #payments #epaainsights