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.
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.
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Inside Singlife’s win at the Asian Banking & Finance Fintech Awards 2026
Singlife’s approach to AI, customer adoption and the future of digital insurance.
Commentary
Singapore's next payments opportunity
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APAC has mastered domestic payments. The next challenge is connecting them.
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From automation to agency: Asia’s wealth leaders can reinvent, not just streamline
Singapore aced its FATF evaluation — now comes the hard part