Fintech can drive a strong post-COVID-19 recovery in Asia, says ADB

– A + A KUALA LUMPUR (Jan 22): Digital payment platforms have eased a transition from offline to online transactions—and their use has skyrocketed in many parts of the region. In a blog post Jan 18. Asian Development Bank (ADB) Vice President for Knowledge Management and Sustainable Development Bambang Susantono wrote that new business models have proliferated with the rise of digital platforms. He said in 2019, digital platform revenues reached US$3.8 trillion globally, equivalent to 4.4% of global gross domestic product. "Asia accounted for just under half of that, while the United States generated 22%, and the Euro area…