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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 114
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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 115
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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%

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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.

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A Move Away From Oil and Gas: Fintech’s Role in a More Diversified Brunei Economy

The Fintech Times

Brunei Darussalam, more commonly known as Brunei, has transformed its economy for the better following the discovery of oil and gas in 1929. However, as the world starts to turn away from fossil fuels, the country is starting to diversify its economy: we explore fintech’s role in Brunei’s new economic plan.

Economy 59
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UK Government Unveils New Cyber Threat Guidelines as 32% of Firms Suffer Attacks in Past Year

The Fintech Times

Cyber threats should be prioritised as a key business risk like financial and legal challenges, the UK government has urged as it releases new guidelines to help directors and business leaders boost their cyber resilience. Such a move will significantly contribute to the overall security and resilience of the UK’s digital economy.

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Support for SMEs: Has the Government Gone Far Enough?

The Fintech Times

Here, Sinead McHale , CEO of Satago , the cloud-based cash flow management and invoice finance solution, discusses whether the government’s stance on late payments goes far enough for SMEs. Sinead McHale, CEO of Satago SMEs are the backbone of the UK economy, providing local jobs and revenue across all sectors.