Digital Payments To Fuel 100% Growth In SEA e-Commerce Market

Dr Geoffrey Williams, Professor & Economist, Malaysia University of Science and Technology (MUST)

30-Oct-23 12:00

Digital Payments To Fuel 100% Growth In SEA e-Commerce Market

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A recent report titled “How Asia Buys and Pays 2023: Tapping into Asia’s Regional Commerce Opportunities,” states that Southeast Asia is anticipating a 100% expansion in its e-commerce market over the next five years. This is driven by accelerated digital payments growth, led by Buy Now Pay Later (BNPL), e-wallets , domestic payments, and credit cards.

So, today on Enterprise Biz Bytes, we look into how has digital payments levelled the playing field for SMEs within the e-commerce sector, whether it has facilitated cross border e-commerce for Malaysian businesses, as well as how this will impact the SME ecosystem in the long run with Dr Geoffrey Williams, Professor & Economist at Malaysia University of Science and Technology (MUST).

Produced by: Kishan Sivaswamy

Presented by: Richard Bradbury

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Categories: markets, technology, economy, SME

Tags: digital payments, e-commerce, digital economy,

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