This publication explores how digitalization is shaking up the finance industry in ASEAN+3 economies, outlines risks and opportunities, and suggests ways of protecting regional financial stability. The ASEAN+3 region--members of the Association of Southeast Asian Nations plus the People's Republic of China, Japan, and the Republic of Korea--is a global leader in digital financial services. Amid accelerating digitalization and expanding cross-border banking and payments, this publication emphasizes the need for collaboration and explores how governments can reduce risk and build regional safety nets.
This publication explores how digitalization is shaking up the finance industry in ASEAN+3 economies, outlines risks and opportunities, and suggests ways of protecting regional financial stability. The ASEAN+3 region--members of the Association of Southeast Asian Nations plus the People's Republic of China, Japan, and the Republic of Korea--is a global leader in digital financial services. Amid accelerating digitalization and expanding cross-border banking and payments, this publication emphasizes the need for collaboration and explores how governments can reduce risk and build regional safety nets.
