From the Pacific Exchange Blog
Nearly six months after India’s momentous demonetization, the government continues to expand options for digital payments to reduce the economy’s dependence on cash. While old habits die hard, recent data show that new digital payment methods are building momentum. These innovations offer simple, universal tools that may help India leapfrog older technology to reach a less cash-intensive future.
Despite the size and importance of China’s bond market, the country has had a limited presence in the major global bond indices. This is starting to change as several important bond indices have taken steps to add China following a series of reforms to the country’s domestic bond market.
Despite sizable capital outflows in recent years, emerging Asia’s strong external position and solid economic performance will help the region weather headwinds and remain financially resilient.
This Asia Focus examines the impact of fintech on payments and lending in Asia, focusing on the new technologies entering the market, the level of disruption faced by banks, and the regulatory response to these new developments.