Hamburg, Germany, February 16, 2019 --(PR.com
)-- Asia-Pacific shows growth in mobile payments
The global leaders of mobile payments lie in the Asia-Pacific region. The yStats.com report cites that mobile devices will be used for payment by the majority of smartphone users in 2019.
E-Commerce experiences an upswing in alternative payment methods
Alternative payment methods soar in Asia-Pacific, making up over half of E-Commerce transaction value. This is largely due to the increased usage of digital wallet services, quotes the yStats.com report.
Digital payment competition heightens throughout Asia-Pacific
Asian FinTech investment fuels the competition among digital payment companies, as mentioned in the yStats.com report. Financial companies and banks have also taken part in this acceleration, developing their own solutions to compete with third-party providers.
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