TOKYO -- The Philippines and Vietnam will start feasibility studies as soon as this month on issuing central bank digital currencies (CBDCs) as Chinese payment apps penetrate Southeast Asia.
Economy
Philippines, Vietnam study digital currencies as Alipay, WeChat Pay spread
More Southeast Asian countries moving in the direction of early issuer Cambodia
Chinese mobile payment apps WeChat Pay and Alipay are gaining users throughout Southeast Asia, prompting interest in government-issued digital currencies. © Reuters
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