Trend One: The digital payment evolution: the rise of the cashless economy.
Digital wallets have been the fastest-growing payment method, driven by policy support and consumer preference. The Asia Pacific region accounted for nearly two-thirds of the global spending at a combined US$9.8 trillion 💸, while boasting the highest digital wallet penetration rates among all regions.
Trend Two: Private and public sector collaboration is key to greater payment interoperability.
Public-private cooperation plays a crucial role in driving cross-border fintech innovation and initiatives 🤝.
Trend Three: Digital wallets go beyond payments and enable omnichannel commerce.
To adapt to the trend of omnichannel commerce post-pandemic, e-wallets and banking apps are rapidly evolving into super apps by assembling many third-party services through mini apps on their integrated platforms 📱, building an all-in-one commerce solution.
Trend Four: Fintech eyes inclusive and sustainable growth.
As the digital transformation deepens, cross-border fintech innovators have begun to see payments as a gateway to an extended journey of user engagement and value creation 🌱.
