Reasons why businesses should switch to digital payments

According to a survey by cybersecurity firm Kaspersky with 1,618 people, more than 67% of e-finance users in Southeast Asia think SMEs should start using digital payments for transactions. finance.

Among them, 72% of consumers in Malaysia, Singapore and the Philippines and 68% support the adoption of a digital payment system in SMEs.

Regarding the form of payment, the study also shows that Southeast Asian users frequently use it, including:

– Mobile payment applications account for 58%

– Online banking via mobile applications accounted for 53%

– Debit cards account for 36%

– Credit cards account for 33%

– Online banking via browser accounts for 31%

According to Kaspersky, nearly 59% of survey respondents said that when stores accept digital payments, it encourages them to shop more instead of just using cash. In which, Malaysian users still top with 70%, Vietnam with 63% and Philippines 59% agree with that.

Mr. Yeo Siang Tiong – General Manager of Kaspersky Southeast Asia said: “Besides pursuing a digital lifestyle, consumers are also starting to become aware of the dangers and risks of cyber threats to their personal lives.”

Kaspersky experts advise businesses to do the following:

– Risk assessment: This helps businesses form a plan to patch security vulnerabilities.

– Employee training: Focus on cybersecurity training for employees, instructing them what to do if they receive a suspicious email to protect from inside threats.

– Update all software updates regularly to improve performance and patch security holes.

– Regularly back up files: Files need to be automatically backed up to prevent ransomware attacks and data encryption.

– Need powerful security software like Kaspersky Endpoint Detection that provides proactive protection for your data, finances and online assets.