塑造跨境快速支付系统的未来：东南亚交易的革命（英）

Shaping the Future of Cross-Border Fast Payment Systems: Revolutionizing Transactions in South-East AsiaB R I E F I N G P A P E RN O V E M B E R 2 0 2 3Images: Getty Images© 2023 World Economic Forum. All rights reserved. No part of this publication may be reproduced or transmitted in any form or by any means, including photocopying and recording, or by any information storage and retrieval system.Disclaimer This document is published by the World Economic Forum as a contribution to a project, insight area or interaction. The findings, interpretations and conclusions expressed herein are a result of a collaborative process facilitated and endorsed by the World Economic Forum but whose results do not necessarily represent the views of the World Economic Forum, nor the entirety of its Members, Partners or other stakeholders.ContentsShaping the Future of Cross-Border Fast Payment Systems: Revolutionizing Transactions in South-East Asia2Introduction 31. The rise of the cashless economy: fast payment systems 4 in South-East Asia2. Case study: The PromptPay–PayNow cross-border 11 payments linkage between Thailand and Singapore3. Going from bilateral to regional cross-border connectivity 14 in ASEAN and beyond4. The way forward 16Appendix: References 17Contributors 18Endnotes 19IntroductionShaping the Future of Cross-Border Fast Payment Systems: Revolutionizing Transactions in South-East AsiaNovember 2023Shaping the Future of Cross-Border Fast Payment Systems: Revolutionizing Transactions in South-East Asia3Financial services are undergoing a digital revolution. As economies become increasingly digital, consumers expect their financial interactions to keep pace, demanding seamless, secure and rapid payment solutions. The digital payments market is thus growing rapidly across countries, fuelled by the increasing adoption of contactless payments, e-wallets and e-commerce. In today’s real-time digital economy, customers and businesses need access to payment systems that are fast, affordable, accessible and reliable.This briefing paper, written in collaboration with the Bank of Thailand, analyses the current fast payments landscape and the opportunities and challenges associated with the implementation of real-time cross-border payment connectivity. It highlights progress on the deployment of cross-border fast payment systems (FPS), using as a case study the PromptPay–PayNow linkage between Thailand and Singapore’s payment systems. The case study presents the design and additional functionalities provided to users, offering valuable knowledge for stakeholders involved in future cross-border collaborations. The paper also covers upcoming regional initiatives aimed at expanding cross-border payment connectivity across countries, such as the Association of Southeast Asian Nations (ASEAN) regional payment connectivity initiative and Project Nexus from the Bank for International Settlements (BIS).Shaped in collaboration with key stakeholders involved in impl