This Blog that I wrote for SEGPAY explores emerging trends in Asia’s Payments Landscape.
The Asian payment landscape is undergoing a fascinating transformation, marked by exciting technological innovations, regulatory changes, and evolving consumer preferences. As we continue to see innovations in 2024, several key developments stand out, shaping the future of payments in a region with a total digital transaction value worth almost US$6 trillion.
What are the emerging payment trends? How does Asia stand out compared to other regions? Digital wallets and super apps have become a dominant force in Asia. QRC Payments are prevalent in countries such as Vietnam, South Korea, India, China, Indonesia, Singapore, Malaysia, and Thailand. In 2023, China continued to lead all global markets in e-wallet adoption across shopping channels, representing an estimated 82% of e-commerce transaction value or nearly US$1.8 trillion.
If you want to learn more about Asia’s innovative and trendsetting market, please click here