{
  "title": "ASEAN’s Digital Payment Revolution: A New Frontier for Regional Integration, Thailand",
  "publication": "Selected Issues Papers, February 20, 2026",
  "sourceUrl": "https://www.imf.org/en/publications/selected-issues-papers/issues/2026/02/20/aseans-digital-payment-revolution-a-new-frontier-for-regional-integration-thailand-574175",
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  "summary": "This study takes stock of recent developments on digital payments in Thailand and ASEAN more broadly, explores the drivers and the potential benefits, analyzes the factors underlying the frequency of digital payment usage, and discusses the relevant policy considerations.",
  "sections": [
    {
      "heading": "Overview",
      "content": "- Study purpose: Takes stock of recent developments on digital payments in Thailand and ASEAN broadly; explores drivers and potential benefits; analyzes factors underlying the frequency of digital payment usage; discusses relevant policy considerations.\n- Core insight: ASEAN countries have made significant progress in developing domestic and cross-border digital payments, aligned with initiatives to improve regional financial integration.\n- Preliminary evidence: Advancing regional payment connectivity by increasing local currency usage can strengthen financial resilience and reduce vulnerabilities to external shocks."
    },
    {
      "heading": "Key findings and implications",
      "content": "- ASEAN progress: Significant development of domestic and cross-border digital payments across ASEAN.\n- Potential benefits:\n  - Strengthened financial resilience through increased local currency usage.\n  - Reduced vulnerabilities to external shocks via improved regional payment connectivity.\n- Evidence status: Described as preliminary in establishing benefits of regional payment connectivity."
    },
    {
      "heading": "Drivers and potential benefits (as examined)",
      "content": "- Drivers: The study explores recent developments and underlying drivers of digital payments in Thailand and ASEAN (specific drivers are examined in the full paper).\n- Potential benefits: Increased local currency usage and regional payment connectivity aimed at strengthening financial resilience and reducing external vulnerabilities."
    },
    {
      "heading": "Determinants of digital payment usage",
      "content": "- Focus: Analysis of factors underlying the frequency of digital payment usage (details and empirical results are contained in the full study)."
    },
    {
      "heading": "Policy considerations",
      "content": "- Coverage: Discusses relevant policy considerations for advancing digital payments and regional integration (policy recommendations and specifics are presented in the full study).\n\n---\n\n Content in this bundle\n\n- Sipea2026013\n  - Sipea2026013 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Sipea2026013 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/selected-issues-papers/issues/2026/02/20/aseans-digital-payment-revolution-a-new-frontier-for-regional-integration-thailand-574175"
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    "Authors: Nur M Adhi Purwanto, Ying Xu",
    "Published: February 20, 2026",
    "Series: Selected Issues Papers",
    "DOI: https://doi.org/10.5089/9798229041348.018",
    "Study purpose: Takes stock of recent developments on digital payments in Thailand and ASEAN broadly; explores drivers and potential benefits; analyzes factors underlying the frequency of digital payment usage; discusses relevant policy considerations.",
    "Core insight: ASEAN countries have made significant progress in developing domestic and cross-border digital payments, aligned with initiatives to improve regional financial integration.",
    "Preliminary evidence: Advancing regional payment connectivity by increasing local currency usage can strengthen financial resilience and reduce vulnerabilities to external shocks.",
    "ASEAN progress: Significant development of domestic and cross-border digital payments across ASEAN.",
    "Potential benefits:",
    "Evidence status: Described as preliminary in establishing benefits of regional payment connectivity.",
    "Drivers: The study explores recent developments and underlying drivers of digital payments in Thailand and ASEAN (specific drivers are examined in the full paper).",
    "Potential benefits: Increased local currency usage and regional payment connectivity aimed at strengthening financial resilience and reducing external vulnerabilities.",
    "Focus: Analysis of factors underlying the frequency of digital payment usage (details and empirical results are contained in the full study).",
    "Coverage: Discusses relevant policy considerations for advancing digital payments and regional integration (policy recommendations and specifics are presented in the full study).",
    "**Sipea2026013**"
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