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News
Thai e-commerce to grow 12% on rising account-to-account adoption
2+ hour, 19+ min ago (394+ words) Online retail is forecast to expand at a 12% annual pace through 2030. Thailand's e-commerce market is expected to grow from $35b in 2025 to $60b by 2030, representing a compound annual growth rate (CAGR) of 12%. The point-of-sale (POS) market is forecast to increase from $209b to…...
Indonesian wallets squeeze cash and cards in e-commerce
1+ week, 6+ day ago (455+ words) Bank transfers fund most app balances whilst COD still represents 13% of checkout spending. Digital wallets and account-to-account payments will overtake cash and credit card payments in Indonesia’s e-commerce market by 2030, as consumers primarily fund their wallets directly via bank accounts....
Cash loses ground as digital wallets dominate Malaysia e-commerce
3+ week, 1+ day ago (477+ words) The government is promoting electronic transactions to improve tax compliance. Digital wallets remained the largest payment method for online shopping in Malaysia in 2025, and are expected to increase to 30% by 2030. In 2025, digital wallets accounted for 26% of e-commerce transaction value. It…...
Asia is leading payments modernisation and banks can't afford to fall behind
4+ week, 21+ hour ago (271+ words) By partnering with fintechs, banks can combine regulatory strength with innovation, new use cases, and customer-centric solutions. Global commerce and digitalisation have transformed cross-border payments into a critical capability for banks. Customers now expect transactions that are instant, transparent, and…...
Digital wallets seize 65% of APAC payments | Asian Banking & Finance
2+ mon, 4+ day ago (329+ words) QR codes and low cost smartphones pushed wallet adoption across the region in 2025. Digital wallets captured 65.12% of the Asia-Pacific payments market in 2025, driven by QR codes, upgraded contactless technology, and wallets built into low-cost smartphones. The transaction volume for digital…...
HitPay eyes bigger share of traveller payments via QR
2+ mon, 3+ week ago (389+ words) Borderless QR lets tourists pay in home wallets with local settlement. HitPay Payment Solutions Pte. Ltd. is targeting a bigger share of tourist payments by letting small businesses accept foreign digital wallets through Singapore’s unified QR (quick-response) framework. A solid…...
The Philippines and UAE move to connect instant payment systems
3+ mon, 2+ week ago (120+ words) They also floated plans to connect card switches and messaging systems in the future. Bangko Sentral ng Pilipinas (BSP) has inked a memorandum of understanding (MOU) with the Central Bank of the United Arab Emirates (CBUAE) to link the two…...