Financial Digitalization and Its Implications for ASEAN+3 Regional Financial Stability

This publication explores how digitalization is shaking up the finance industry in ASEAN+3 economies, outlines risks and opportunities, and suggests ways of protecting regional financial stability. The ASEAN+3 region-members of the Association of Southeast Asian Nations plus the People's Republic of China, Japan, and the Republic of Korea-is a global leader in digital financial services. Amid accelerating digitalization and expanding cross-border banking and payments, this publication emphasizes the need for collaboration and explores how governments can reduce risk and build regional safety nets.