mobile wallets
Australia’s digital wallets squeeze cards as report forecasts 50% by 2030
Australia’s digital wallets squeeze cards as report forecasts 50% by 2030
E-commerce market is expected to expand from $89b in 2025 to $127b in 2030.
4 days ago
South Korea digital wallets to bag 46% market share by 2030
But credit card spending is about 10 times higher than debit spending online.
Indonesian wallets squeeze cash and cards in e-commerce
Bank transfers fund most app balances whilst COD still represents 13% of checkout spending.
Cash loses ground as digital wallets dominate Malaysia e-commerce
The government is promoting electronic transactions to improve tax compliance.
India wallets crush cards with 68% online share
UPI helped push wallets ahead of every other online payment method in 2025.
Digital wallets seize 65% of APAC payments
QR codes and low cost smartphones pushed wallet adoption across the region in 2025.
Hong Kong wallets surge as card share drops to 31% online
HKQR and contactless payment acceptance accelerated mobile transaction adoption.
Malaysia e-wallet ownership drops to 1.5 wallets per user
Less frequent usage rose with 24% paying through wallets every one to three months.
Why payments dominate banking-as-a-service as KYC demand surges
The market reached $4.4b in 2025 with compliance tools expanding rapidly across borders.
How China wallets crush cards in 2025 payments race
Alipay reached 85% of surveyed users whilst WeChat Pay stood at 73%.
Digital wallets capture 77% of APAC e-commerce payments
Mobile checkout tools made up 63% of in-store spending across the region.
How Chinese super apps capture 90% of $12.8t mobile payments
QR code transactions now lead point of sale activity across major cities.
India bank credit hits $2.4t amidst fintech boom
Formal banking reach expanded to 569.3 million Jan Dhan accounts by early November 2025.
E-wallet use jumps to 65% amongst Malaysia’s 25- to 34-year-olds
Older users logged a 14% rise year on year but still trail younger groups on this method.
Banks may be ill-equipped for demands of real-time payments
Stronger fraud prevention and anti-money laundering measures are needed.
APAC mobile wallet adoption driven by e-commerce growth
Immediate payment systems fuel continued expansion of mobile wallet usage.
India crackdown on non-bank lending to hit fintech investments
Deal activity in Q2 was 25% lower than the previous quarter.
Thought Leadership Centre
Most Read
1. Singapore aced its FATF evaluation — now comes the hard part 2. Citi boosts North Asia & Japan corporate desk headcount by 25% 3. UOB Private Bank hires Dominique Boer as ASEAN regional market head 4. Japan banks turn to stablecoins to retain deposits 5. Can Asia’s banks make stablecoins work across borders?Resource Center
Read Here
Advertise
Sign Up
Event News
Leading voices from the banking and insurance industries will meet at The Hyatt Regency to discuss wealth management, insurance investment, and the AI economy.
Commentary
From automation to agency: Asia’s wealth leaders can reinvent, not just streamline
Singapore aced its FATF evaluation — now comes the hard part
Are Asia’s digital banks prepared for the stablecoin era?
Why APAC is building home-currency stablecoins
Why Southeast Asian wealth managers must design the business before buying the technology
Why trust in Asian banking increasingly gets built off the record
Hong Kong cleared stablecoins for take-off. Getting them to work across Asia is the hard part
The financing challenge behind Asia’s wealth transfer