Consumers in Asia Pacific (APAC) are by far the most enthusiastic adopters of digital payments worldwide, increasing their use of at least one digital payment method in the last 12 months by 69%. Card payments remain most popular in the region and APAC dominated the global card payments market last year with a 57.8% share of international card payments by value. For online businesses with a large customer base in APAC, working with an acquirer that holds local licenses in the region is critical to improving acceptance rates and increasing revenues. Looking at shopping and payment trends in Australia, Hong…
Author: Praful Morar, Global Expansion Officer at Nuvei Digital Payments
Author
Praful Morar, Global Expansion Officer at Nuvei Digital Payments
Praful Morar has over 30 years of experience in Corporate Banking and international online payments. He currently serves as the Global Expansion Officer at Nuvei Digital Payments and relocated with his family to Singapore in February 2022. He is responsible in driving Nuvei’s international growth plans in key target markets in Asia Pacific, Middle East and North Africa, through Acquiring Payment Facilitation, increased coverage in Alternative Payment Methods and Corporate Banking infrastructure. Prior to joining Nuvei, Morar held several senior roles at Worldpay, NatWest Bank and Royal Bank of Scotland.