Covid-19 accelerates South-East Asia's transition towards a cashless society, says study


Image from Vietnam News/ANN

HANOI/BANGKOK, June 3 (Bernama): The Covid-19 pandemic has accelerated Southeast Asia’s transition towards a cashless society, while eCommerce continues to grow as consumers explore new shopping channels during the pandemic, according to the latest Visa Consumer Payment Attitudes Study.

The report also stated 93 per cent of consumers use a multitude of cashless payment methods including cards, contactless cards and mobile contactless, mobile wallets and QR code payments in the region.

The Star 6.6 DEAL: 35% OFF Digital Access

Monthly Plan

RM 13.90/month

RM 9.04/month

Billed as RM 9.04 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Aseanplus News

Vietnam PM urges Asean to take greater role in shaping global norms
Indonesia's non-subsidised RON92 petrol price jumps 32%, first hike in months
Thailand ranks second globally for AI adoption growth, Microsoft says
Man who caused fatal crash in Singapore while allegedly driving under the influence of etomidate to be charged
Philippines quake death toll exceeds 40; villages still isolated
FBM KLCI rebounds in early trade as investors await key US inflation data
Johor polls: PAS to use own logo after severing ties with Bersatu
Ringgit opens higher against major currencies, easier versus US dollar
HK artiste Kenny Bee's�mother passes away at age 101
INTERACTIVE: Top 11 young players to watch this World Cup

Others Also Read