Singapore, Cambodia among Asean countries eyeing digital currencies to promote e-commerce, payment efficiency

Cental banks in several South-East Asian countries are exploring the use of digital currencies to enhance payments efficiency and to encourage start-ups and e-commerce in the region, experts said.

With a relatively young population that has a median age of 30 years and a high percentage of internet and mobile phone use, Southeast Asia has seen a lot of start-ups come up in digital payments, e-commerce and cryptocurrencies.