After a year of external expansion and internal reorganisation due to Covid-19, South-east Asia’s super apps appear to be looking towards mergers and public listings as a strategy for future development.
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Economic update | ICT Sector Year in Review 2020
16 Dec 2020
– Lockdowns accelerated the digital transformation in emerging economies
– ICT-based solutions facilitated remote learning and working
– Apps and digital platforms became essential to everyday life
– Digitalisation strengthened the long-term competitiveness of SMEs
What impact did Covid-19 have on Myanmar’s efforts to expand ICT access to a greater proportion of the population?
With purchases and transactions increasingly moving away from cash and towards digital channels during the pandemic, both central banks and private institutions around the world are continuing to explore the potential of digital currencies.
Some industries are seeing notable growth despite the disruption of the coronavirus pandemic, with this trajectory expected to steepen as Covid-19 wanes. Among these is augmented reality (AR), with Indonesia offering a case study of a country at the forefront of its expansion.
After enjoying years of exponential growth, South-east Asia’s super apps have been forced to reassess their business models as a result of Covid-19, with many refocusing their priorities as they plan for the post-pandemic world.