Tag: APAC market

Why QR Code Payments Are the Secret to APAC’s Digital Wallet Boom

Angela Linders
qr code payment alipay

The Rise of Digital Wallets in APAC: Redefining Payments and the Future of Cashless Economies Across the Asia-Pacific (APAC) region, digital wallets such as Alipay and WeChat Pay have fundamentally reshaped the way individuals and businesses handle money. From paying for a morning coffee to securing government subsidies, these mobile payment innovations have positioned APAC as a global leader in the transition toward cashless economies. But what makes this transformation so significant, and what challenges remain in this highly dynamic landscape? Cashless Economies on the Rise By 2024, an estimated…

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APAC m-commerce driven by emerging markets, says recent MasterCard study

John Montgallo
mobile commerce forecast

Over half of Asia Pacific consumers shop using their smartphones, but the level of popularity is regional. Over half (51.6 percent) Asia Pacific shoppers use smartphones to buy products and services, according to a new APAC m-commerce study. That said, the same survey revealed that across 14 different markets, the degree of popularity of mobile commerce varies from one region to the next. This insight was provided by the most recent MasterCard Mobile Shopping Survey results. Once again this year, the survey pointed to India as being the leader in…

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