Booming digital financial system should nonetheless make area for money, notably for Asia’s unbanked plenty
With the pandemic, companies and governments all over the world are stepping up efforts to discourage money in favour of digital and contactless funds. There’s a compelling case for transferring in direction of an progressive, digital-first, cashless society, particularly in Southeast Asia, to empower small companies and residents to entry the worldwide digital financial system. However going utterly cashless might result in some unintended penalties.
Because the world continues its relentless march in direction of a cashless financial system…