| Summary: | This report provides a cross-country
overview of the policy and regulatory framework for digital
financial services (DFS) in Association of Southeast Asian
Nations (ASEAN) countries from a financial inclusion
perspective. It was carried out at the request of the ASEAN
Working Committee on Financial Inclusion (WC-FINC). The
analysis is based on a regulatory survey conducted by the
ASEAN WC-FINC, supplementary interviews with relevant
regulatory authorities, and a literature review. For the
purposes of this study, DFS consists of the range of
services accessed and delivered through digital channels,
including payments, savings, and credits (AFI 2015). The
analysis uses as a methodological framework the foundations
and catalytic pillars proposed by the Payment Aspects of
Financial Inclusion report, or PAFI (World Bank 2016). This
framework was adjusted to consider DFS more broadly and to
focus on policies and regulations only.
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