Showing 1 - 10 of 10
Teaming up for the future of digital currency
Asia focus, Suwatchai Songwanich, Published on 15/03/2021
» China recently joined the United Arab Emirates, Hong Kong and the Bank of Thailand in a joint project that aims to get more Asian central banks to explore the potential of distributed ledger technology, also known as blockchain, to enhance the digital financial infrastructure for cross-border payments.
Banking on the unbanked
Asia focus, Suwatchai Songwanich, Published on 22/02/2021
» Southeast Asia's fintech scene is going from strength to strength, with the regional industry valued at up to US$100 billion at the end of last year. Yet it has so far only produced a handful of unicorns -- startups valued at more than $1 billion.
China's e-commerce evolution
Asia focus, Suwatchai Songwanich, Published on 28/09/2020
» China's government is preparing to accelerate the growth of its already rapidly expanding e-commerce sector by establishing 15 new national e-commerce demonstration bases. These are industry clusters for e-commerce companies and the incubation platforms needed to foster the sector's development.
China steps up as digital currency pioneer
Asia focus, Suwatchai Songwanich, Published on 14/09/2020
» The People's Bank of China is blazing a new virtual trail with pilot tests of its national digital currency around the country. Digital Currency Electronic Payment (DCEP), the digital version of the renminbi, will be tested in Shenzhen, Suzhou, Xiongan and Chengdu and at venues of the 2022 Winter Olympics scheduled for Beijing and vicinity.
Questions surround cutting-edge tech
Asia focus, Suwatchai Songwanich, Published on 07/09/2020
» As 5G technology continues to roll out around the world and digital storage becomes cheaper and more efficient, the profound impact this will have on the business world is becoming clearer than ever.
China's street stall revival
Asia focus, Suwatchai Songwanich, Published on 22/06/2020
» Chinese Premier Li Keqiang has been calling for the revival of the "street-stall economy", emphasising the role street vendors play in providing employment opportunities and as a source of affordable goods, especially food, for many people, while giving the country's economy a welcome shot in the arm as it starts to recover from the effects of the Covid-19 pandemic.
Rewiring global payment systems
Asia focus, Suwatchai Songwanich, Published on 01/06/2020
» Chinese technology companies are redefining global payment systems and reconfiguring money channels across the world.
China 'faces up' to payment tech
Asia focus, Suwatchai Songwanich, Published on 10/02/2020
» About half of China's population is expected to adopt payment by facial recognition, the next technological stage in a country where mobile payments are already the most advanced and ubiquitous in the world, within this year. About 118 million Chinese signed up for facial recognition payment last year, compared with 61 million in 2018.
China's cryptocurrency crackdown
Asia focus, Suwatchai Songwanich, Published on 16/12/2019
» Weibo, China's largest microblogging service, has banned the cryptocurrency exchange giants Binance and Tron from its platform amid what appears to be a fresh crackdown on digital currency trading in China. At the same time, watchdogs in Shanghai issued notices calling for a cleanup of companies involved in cryptocurrency trading, while Beijing's regulator warned against illegal exchange operations.
China's medical apps eye Asean
Asia focus, Suwatchai Songwanich, Published on 18/11/2019
» China's largest online healthcare platform, Ping An Good Doctor, is setting its sights on Southeast Asian expansion to tap growing regional demand for healthcare services and cater to the increasing number of middle-class mainland Chinese who are travelling to the region for medical treatment.