Telcos, Cryptocurrencies Key to Financial Inclusion?

While many telcos have evolved to become digital service providers, the sector remains vulnerable to shifts in technology cycle, competitors’ actions and consumer demands, leaving it ripe for disruption and transformation.

Particularly in Southeast Asia, strong mobile penetration in the region, coupled with the rapid growth of the Internet, digital services and social media is another key driver of transformation.

According to a report by Google and Temasek, Southeast Asia is one of the fastest-growing emerging smartphone markets with 480 million Internet users by 2020, 90 per cent will be accessing the Internet from their smartphones. Read more…

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