Philippines Lead Digital Payment
Adoption in Asia Pacific Region
7 Nov 2021
The Philippines logged the highest percentage of new digital payment users at 37 percent among Asia Pacific respondents during the COVID-19 pandemic, according to Kaspersky’s recent study.
“Data from our fresh research showed that cash is still king, at least for now, in Apac with 70 percent of the respondents still using physical notes for their day-to-day transactions," Chris Connell, managing director for Asia Pacific at Kaspersky, said.
One of its key findings showed that a great majority of the Asian respondents has used mobile payment apps at least once in the past 12 months, confirming the FinTech boom in the region.
Nearly two in 10 of which only started using these platforms after the pandemic.
The Philippines logged the highest percentage of new e-cash adopters at 37 percent, followed by India (23 percent), Australia (15 percent), Vietnam (14 percent), Indonesia (13 percent), and Thailand (13 percent). The lowest number of first-time online payment users are China (five percent), South Korea (nine percent), and Malaysia (nine percent).
Published 7 Nov 2021
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