Two years on from the digitalisation spree spurred on by the COVID-19 pandemic, Asia Pacific’s burgeoning digital payments market continues to grow. The embrace of mobile money, e-wallets, and QR codes by consumers, businesses, and regulators alike means the region will be exploring newer payments trends in-depth in 2023 and beyond. PwC sees global cashless payment volumes increasing by more than 80% to almost 1.9 trillion transactions by 2025. Asia Pacific is forecasted to account for the bulk of this growth spurt, with 1.03 trillion transactions by 2025, up 109% from 494 billion transactions in 2020. Certain jurisdictions, like Vietnam, are…
Author: Sam Tan, Sales Director, Finastra
Author
Sam Tan, Sales Director, Finastra
Sam Tan is the Sales Director of Finastra, a $1.85 billion revenue company providing the world’s largest range of market-leading financial services solutions. Based in Singapore, Sam has 25+ years of experience in the banking and financial sector, specializing in Payments. He has comprehensive experience in supporting both the central banks as well as commercial banks payments systems.
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