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Illustration of DANA digital wallet
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The latest research from a cybersecurity company Kaspersky revealed that the use of digital payments in Asia Pacific grew rapidly during the coronavirus pandemic.
The research “Mapping a Secure Path for The Future of Digital Payments in APAC” shows that the majority of respondents used a digital payment application at least once in the past year.
Nearly two in 10 people, 15 percent, only used digital payments during the pandemic. Finding Kaspersky, the percentage of new electronic money users in Indonesia reached 13 percent, equivalent to Thailand. The Philippines is the highest for new electronic money users, at 37 percent.
The research shows that cash is still the prima donna for transactions in Asia Pacific, however, the growth in the use of digital payments is also encouraging. Respondents rated digital payments as helping them maintain physical distance (45 percent) and that it was the only way to transact while in quarantine (36 percent).
However, there are still users who are afraid of losing money (48 percent) and are afraid to store financial data online (41 percent). Meanwhile, other respondents said that digital payments are too inconvenient (26 percent) or their personal devices are not very secure (25 percent).
Kaspersky share tips to keep transactions with digital payments safe:
Own device and internet
When using online payments, using your own device and internet connection, public WiFi has the possibility of being infiltrated by cybercriminals.
Keep PIN secret
Keep PIN numbers, passwords and one-time password (OTP) codes to yourself, never share them even with close family. Sharing codes or passwords with other people is often a gateway for hackers to steal information to banking matters.
Beware of fake information
Users should also be wary of fake communications in the digital world. Never share personal information online, especially when it comes to finances and payments.
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