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Making Waves in Indonesia’s Payments Space [ALTO Q&A]
Wednesday, March 31, 2021 Leslie Choo to High Value Real Time PaymentsThe Indonesian market is one to watch in the payments space. While paper-based transactions still reign supreme in the country, digital and real-time payments are now top-of-mind issues for regulators and businesses. Leading the charge is the nation’s foremost national switch, PT ALTO Network, which was recognized as an ACI Innovation Award winner.
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The Role of Southeast Asia’s Central Payments Infrastructure in the Emerging Pan-Regional Network
Tuesday, November 10, 2020 Leslie Choo to High Value Real Time Payments, Low Value Real Time PaymentsThe benefits of a real-time, cross-border payments network in Southeast Asia are clear. As the region’s economies continue to grow, a cross-border payments network will facilitate faster cross-border commerce at a lower cost.
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The Two Sides of Payments Modernization in Asia: Real-Time and Financial Inclusion
Wednesday, October 14, 2020 Leslie Choo to Low Value Real Time Payments, Consumer PaymentsHome to nearly 60 percent of the world’s population, as well as some of the most dynamic and diverse markets, the Asia-Pacific (APAC) region plays a critical role in shaping the world economy. The diversity of the region is also evident in its payments landscape, with almost every country forging its own path towards payments modernization.
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How Southeast Asia’s Banks Can Remain Competitive and Profitable in a Real-Time World
Wednesday, September 09, 2020 Leslie Choo to Low Value Real Time PaymentsCross-border payments across Southeast Asia are shifting as market dynamics, increased competition and increasingly demanding customers drive rapid change. As payment systems are modernized and the market evolves, banks and governments must stay on top of these trends.
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Southeast Asia’s Domestic Payments Infrastructure Has Laid the Foundation for a Cross-Border Real-Time Network
Thursday, August 06, 2020 Leslie Choo to Low Value Real Time PaymentsOver the past decade, economies across Asia have been on the path to payments modernization, upgrading and replacing domestic payments infrastructure to make payments cheaper, faster and better. While the focus has been on domestic gains, this has set the foundation for a broader, cross-border real-time network – especially in Southeast Asia.
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Putting Malaysia on the Path to Payments Innovation
Wednesday, February 27, 2019 Leslie Choo to Payments and Industry Trends, Low Value Real Time PaymentsThe public launch of the DuitNow instant credit transfer service, in December 2018, provides just a taste of what lies ahead as Malaysia’s Real-time Retail Payments Platform (RPP) is progressively rolled out. Fueled by Bank Negara’s (BNM) increasing support for e-payment platform development, there has been a steady increase in mobile wallet and digital payment usage, setting the stage for 2019 to be a year of transformation for the payments industry in Malaysia.
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Turning Impetus into Action: Real-Time Payments in ASEAN
Thursday, August 09, 2018 Leslie Choo to Low Value Real Time Payments, Payments and Industry TrendsFinancial institutions across ASEAN member states are increasing investment in payments, with 64% planning to increase investment over the next 18-24 months, compared to 56% in the broader Asia region and 53% globally. With investment in ASEAN outpacing the global average, the “2018 ASEAN Payments Insight Survey” shines a light on the key drivers for increased payments investment and the expected benefits.
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Pairing Payments Innovation with Security Needs in Southeast Asia
Wednesday, August 30, 2017 Leslie Choo to Payments and Industry Trends, Consumer PaymentsMany Asian governments – most notably those of Singapore and Hong Kong – have launched well-received initiatives to encourage collaboration rather than competition between the fintech start-up world and banks. This has enabled traditional banks to tap into the innovative solutions that fintechs offer, while the banks themselves bring to the table considerable experience with data, resilience, reliability and customer protection.
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Big (regional) growth opportunities in ASEAN banking
Wednesday, October 21, 2015 Leslie Choo to High Value Real Time PaymentsLeslie Choo addresses the opportunities for the AESEAN countries to build a digital payments community to support commerce within the region.