Tag: ASEAN

ASEAN: Governments and Cryptocurrencies

ASEAN, Association of Southeast Asian Nations, was originally formed in 1967 by five member nations, namely Singapore, Thailand, Malaysia, Indonesia, and the Philippines. The original 5 member alliance’s aim was to promote regional stability. Currently, ASEAN consists of 10 member countries. Brunei joined ASEAN in 1984, Vietnam joined in 1995, Myanmar and Laos joined in 1997, and Cambodia joined in…

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Analysis – Indonesia Online Markets & Payments

As Southeast Asia and its countries continue developing on the road of becoming some of the world’s leading countries, it also begins to be more accepting of online markets and payments, nurturing both to facilitate the demands of their people. Here we will take a look at one of the biggest GDP earners in Southeast Asia, which is Indonesia. Having…

Gold And Blockchain Use In Indonesia

Indonesia is the largest island country, comprising more than 13,000 islands. Due to this, it’s the 4th most populous country, with a population of about 266.7 million. It’s equivalent to about 3.5% of the world’s total population. When it comes to size, Indonesia is the 14th largest country in the world in terms of land area. In terms of combined…

Analysis – Malaysia Online Markets And Payments

The digital payments and online market industry in Malaysia is positioned for growth. This is currently made possible by increased internet penetration and high mobile cellular adoption. The total transaction value in the digital payments sector already amounts to about $5,018 million this year (2018). This transaction value is expected to show an annual growth rate of about 17.8% per…

Analysis – Gold And Blockchain Use In Malaysia

Malaysia is poised to achieve high-income status soon. A goal clearly stipulated in its vision for 2020. So far, it has the fourth largest economy in Southeast Asia and is ranked 38th in countries with the largest economies worldwide. With a population of about 32 million and an increasingly growing middle income class, Malaysia’s labor productivity is significantly higher than…

Malaysia and Fintech

The demand for FinTech (Financial Technology) has greatly grown in Malaysia, being fuelled by factors such as rapid adoption of technology, high internet penetration, and increased levels of mobile usage. The country’s conditions such as having a strong underlying market, a large population, and its B2C (Business to Consumer) business model has also offered great conditions for FinTech solution companies…