mobile wallets

Alipay reached 85% of surveyed users whilst WeChat Pay stood at 73%.

Mobile checkout tools made up 63% of in-store spending across the region.

QR code transactions now lead point of sale activity across major cities.

Formal banking reach expanded to 569.3 million Jan Dhan accounts by early November 2025.

Older users logged a 14% rise year on year but still trail younger groups on this method.

Stronger fraud prevention and anti-money laundering measures are needed.

Immediate payment systems fuel continued expansion of mobile wallet usage.

Deal activity in Q2 was 25% lower than the previous quarter.

Buy now, pay later has been eagerly embraced by Indonesians.

High smartphone and internet use drive its use.

Buy Now Pay Later (BNPL) has seen remarkable growth in recent years and is on track to achieve a global market value of US$700b by 2023. This 90% compound annual growth rate (CAGR) reflects the growing penetration of this simple transactional instrument—consumers purchasing a product now with the agreement to pay for it later.

Mobile wallet adoption in Thailand, Vietnam far exceed those in the US, the UK.

The number of active mobile wallets is expected to reach 439.7 million by 2025.