Financial, market and economic news

Booming digital economy must still make space for cash, particularly for Asia’s unbanked masses

With the pandemic, businesses and governments around the world are stepping up efforts to discourage cash in favour of digital and contactless payments. There is a compelling case for moving towards an innovative, digital-first, cashless society, especially in Southeast Asia, to empower small businesses and citizens to access the global digital economy. But going completely cashless may lead to some unintended consequences.As the world continues its relentless march towards a cashless economy,…

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