According to a recent UBS Global Research investment report, the ASEAN countries (Indonesia, Malaysia, the Philippines, Singapore and Thailand) are on the cusp of rapid acceleration in mobile commerce. UBS asserts that despite minimal credit card penetration, inefficient supply chains, inhibitory regulations (both customs and taxes) and small internet coverage, the ASEAN countries are currently reaching an inflection point for internet penetration and ecommerce because of the rollout of 3G and more affordable apparatus leading to cellular devices representing over 50% of net traffic Southeast Asia Venture Capital.
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