Singapore, Thailand Explore E-Payment Link

The video discusses the rise of e-payment systems in Southeast Asia, driven by Chinese fintech companies like Alibaba and Tencent. Singapore and Thailand are enhancing their e-payment systems, PayNow and PromptPay, to reduce cash usage. Despite progress, cash remains prevalent, with 60% of Asian consumers still relying on it. Singapore aims to become a leading future economy, but faces challenges in shifting consumer habits.

Which Chinese fintech companies have been aggressive in entering the Southeast Asian market?

• Alibaba, Baidu, and Tencent

• Amazon and eBay

• Visa and Mastercard

• Samsung and LG

What are the names of the e-payment systems that Singapore and Thailand are planning to link?

• Venmo and Zelle

• PayNow and PromptPay

• WeChat Pay and PayPal

• Google Pay and Apple Pay

What is the main reason governments prefer digital payments over cash?

• They are cheaper

• They are traceable

• They are more secure

• They are faster

What percentage of Asian consumers still rely on cash according to a PayPal survey?

• 80%

• 50%

• 60%

• 30%

What is Singapore's ambition regarding its economy?

• To be the most cashless society

• To be the largest economy in Asia

• To be the first future economy in the world

• To have the highest GDP per capita