Driving financial services & payments development through leapfrogging
China and India appear to have bucked the transition to cashless by leapfrogging the cards stage and going straight to the e-payments point, and Indonesia seems to be going the same way – so what can we learn from them?
What are the key reasons for this leapfrogging? Is it something that everyone can do, or do you need a specific set of market conditions to make it work?
What can other growing economies learn from their experiences?