Payoneer Offer An Insiders Guide To The Digital Economy Of Asia

Payoneer Offer An Insiders Guide To The Digital Economy Of Asia
Credit: Payoneer

The so-called digital revolution is well underway and is either transforming businesses or disrupting them depending on how much they embrace this brave new world.

The last few years has seen the likes of Uber and Airbnb come out of nowhere to disrupt entire industries. Meanwhile, the large successful companies of our past could be described as analog incumbents struggling to compete against a wealth of leaner startups across this new digital landscape.

Traditional markets are on the decline, and many business models of the past are in dire need of a 21st-century upgrade. However, we are seeing countries such as South Korea, India, and Indonesia leading the way by being mobile first. Could this create yet another challenge for traditional businesses that still trade with one foot firmly in the past?

Despite the current politics and heated debates around freedom of movement in today’s borderless digital world. It’s companies such as Payoneer that are enabling millions of businesses and professionals from more than 200 countries to grow globally by facilitating seamless, cross-border payments.

The digital transformation is changing everything, and maybe this is another reason that there appears to be an increasing nervousness around leaders and organizations that are still clinging on to the old way of doing things.

At Payoneer, they see themselves as the partner of the little guy – of the SME, the entrepreneur, the exporter. By understanding the challenges and successes of the new way of doing things, they are enabling the next generation of businesses to create more opportunities and growth.

Payoneer’s CEO, Scott Galit advised that Asia is rapidly becoming one of the most strategic regions for his company.

For the last six years, we’ve seen triple digit growth in regards to the transaction volume and the number of participants in the cross-border digital economy of Asia.

Payoneer has launched an e-book guide that presents both an external overview of each market. But also to share some of the unique, internal perspectives that they have been privy to, thanks to close partnerships with Asia’s business community.

When asked why they have chosen to release the e-book, Galit stated: “Our goal is to not only help others see the opportunities that we’ve seen in Asia, but also to help Asian businesses grow further in the global community. The world is becoming more digital and more connected, and the first step in building stronger relationships is understanding each other better.

The guide focuses on 11 countries in Asia – Bangladesh, China, India, Indonesia, Japan, Korea, Malaysia, Pakistan, Thailand, The Philippines, and Vietnam. By highlighting key facts that help define each country’s role in the digital economy today, as well as their future potential, it’s a timely reminder of how both our world and business is evolving.

Galit believes this unique insight into the careers lives, and aspirations of some of our most experienced and successful customers in Asia is an incredibly valuable resource for anyone interested in the digital transformation of our planet.

Payoneer hit the headlines towards the end of last year after raising $180 million for its global payments technology and creating opportunities from payment trends. Payoneer’s CEO, Scott Galit also appeared on my podcast and talked about how payment platforms are continuing to evolve at an increasing speed, and how the world of business is finally preparing to go from analog to digital.

This post is part of our contributor series. It is written and published independently of TNW.

This post is part of our contributor series. The views expressed are the author's own and not necessarily shared by TNW.

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