INDONESIA is among the top drivers of e-money growth in South-East Asia alongside neighbouring Malaysia, Singapore, the Philippines and Thailand, according to an inaugural report commissioned by Standard and Poor’s (S&P) Global Market Intelligence.
The 2019 Southeast Asia E-Money Market report finds that the number of e-money transactions in the region increased by more than 31% in 2018, with Indonesia and the Philippines showing the greatest growth potential for non-bank e-wallets.
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