Unlocking Cross-Border Payments in ASEAN: Opportunities for Cross-Border Trade and Growth - Powered by Amazon

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Southeast Asia is a rapidly growing hub for digital payments innovation. However, significant frictions persist in cross-border payments within the region. These frictions increase ASEAN businesses’ costs of doing crossborder trade, curtail the growth of crossborder ecommerce and regional value chains, and limit consumer choice. One key contributor to these frictions is Association of Southeast Asian Nations (ASEAN) Member States’ fragmented and, in some cases, restrictive payments and digital policies that complicate payment service providers’ scalability in the region. The ASEAN Digital Economy Framework Agreement (DEFA) negotiations open an important opportunity for promoting cross-border payments in the ASEAN region. This session reviews a study published by the Nextrade Group with the support of the Amazon's payments public policy team on how ASEAN could use the DEFA to promote interoperable payments.

This is presented by:

1. Benjamin Lee, Director, Nexus Global Payments
2. Deborah Im, General Counsel, Coda Payments
3. Dr. Kati Suominen, Founder and CEO, Nextrade Group
4. Jo Yeo, Director & Head, Payments Development and Data Connectivity Office, Monetary Authority of Singapore
5. Todd Fox, Head of Global Policy, Visa

Moderated by: Amira Karim, Head of Public Policy, Payments & Financial Services, Amazon