In recent years, countries in Asia have been chasing the cashless economy tag. Recent Government initiatives and industry reform are having a profound influence in a number of Asian markets.
To name but a few are Thailand’s e-payment initiative, e-payment regulations introduced by Bank Indonesia, Bank Negara Malaysia’s Payment Card Reform, as well as India’s demonetization of INR 500 and 1000 notes.
But leading the way in the cashless economy space in China, where citizens are increasingly relying on digital payments instead of that cold hard cash.
