article thumbnail

Vietnam’s Digital Economy Soars with Tech Adoption and Rising Incomes

Fintech News

Vietnam’s digital economy is rapidly expanding, reaching a value of US$30 billion in 2023 and projected to increase by 20% to hit US$43 billion by 2025. Growth drivers boosting Vietnam’s digital economy Vietnam’s digital transformation is supported by a number of factors.

Economy 115
article thumbnail

Mongolia’s Fintech Future: Building a Digital Economy in a Land of Contrasts

The Fintech Times

Following the collapse of Soviet control, Mongolia rapidly transitioned to a free-market economy by 1992, embracing economic reforms that opened the door to global trade and investment. Mongolia is currently classified as a lower-middle-income economy, with a gross domestic product (GDP) per capita exceeding $5,000.

Economy 114
article thumbnail

Thai Government Adjusts Digital Wallet Handout Plan to Include Cash Payments

Fintech News

Thailand’s Prime Minister Paetongtarn Shinawatra announced that a portion of the government’s 450 billion baht (US$13.1 The digital handout, a central part of the ruling Pheu Thai Party’s election platform, aims to stimulate the Thai economy, which grew by 2.3%

article thumbnail

Smarter Contracts Approved to Drive Data Governance with EU Intermediary Licence

The Fintech Times

The European Data Governance Act (DGA), introduced in September 2023, establishes data intermediaries to create a regulatory framework that encourages trust in data sharing across the region. Since reading some of the first recitals of the Data Governance Act, we’ve made a conscious strategic decision to being a licensed data intermediary.

article thumbnail

MENA Governments are Successfully Facilitating Rapid Growth of Digital Payments, Says Checkout.com

The Fintech Times

“As governments in the region implement forward-thinking policies, the interplay between regulation and businesses becomes increasingly vital. The post MENA Governments are Successfully Facilitating Rapid Growth of Digital Payments, Says Checkout.com appeared first on The Fintech Times.

article thumbnail

Sri Lanka On the Road to Recovery: Fintech’s Impact on the Economy

The Fintech Times

In the last five years, Sri Lanka’s economy has struggled greatly. Furthermore, there were major tax cuts which further dampened much-needed government revenues. The post Sri Lanka On the Road to Recovery: Fintech’s Impact on the Economy appeared first on The Fintech Times.

Economy 95
article thumbnail

FBS Research Examines Cryptocurrency’s Impact in Hyperinflated Economies

Fintech Review

Singapore, Singapore, October 30th, 2024, FinanceWire FBS , a leading global broker, explores the essential role of cryptocurrencies in hyperinflated economies. The FBS article underscores the transformative impact of cryptocurrencies on daily life and regional economies. The annual trading volume of FBS clients is over $8.9

Economy 52