Financial cards and payments in Asia Pacific

An overview of cash, cards and consumer finance in Asia Pacific from Euromonitor.
  • In line with many Southeast Asian governments’ drives towards cashless societies, the coronavirus pandemic encouraged the wider use of contactless payments across the region.
  • Debit cards are the leading card payment option in China, helped by a drop in fees and the ability to link to e-wallets such as WeChat Pay; credit cards lead in many other countries.
  • Chinese UnionPay is the region’s largest operator, although Visa, Mastercard and American Express all have footholds, primarily in China and Japan....

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