APAC payments revenue hit $1.3t by 2030 as deposit reliance slows

Transaction banking net interest income will also slow annual growth.

Asia Pacific payments revenue is expected to reach $1.3t by 2030, according to estimates by McKinsey & Company, with corporate flows generating 56% of revenues.

About 41% will be the share of banking revenues, including fees and interest, before risk cost, the management consulting firm said in a September 2026 report.

Reliance on deposit balances and transaction banking net interest income will cause annual growth to moderate from 5% to 4%, it said.

The global revenue pool is expected to reach $3.2t by 2030, expanding roughly by $600b, with growth stemming from operational discipline, pricing sophistication, balance sheet management, and technological capabilities.

Over the five-year period to 2030, annual revenue growth is projected to hit an average of 4%, below the ten-year historical average of 7%, McKinsey said.

Banks in APAC are exploring the use of emerging technologies to make money transfers faster, particularly cross-border transactions and payments. Stablecoin adoption, for example, is expanding across the region, with Hong Kong rolling out its stablecoin regime in 2025 and Singapore announcing consultations on stablecoin rules in September 2026.

Banks and payment companies see stablecoins as a way to make cross-border payments faster and available around the clock, analysts told Asian Banking & Finance.

Consumers, meanwhile, are willing to endure a 24-hour transfer delay in exchange for stronger protection from fraud such as deepfakes.