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.

What statistics indicate the reliance on cash among Asian consumers compared to Europe?

What ambitions does Singapore have regarding its future economy?