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 regionmembers of the Association of Southeast Asian Nations plus the People's Republic of China, Japan, and the Republic of Koreais 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.