Digital wallets seize 65% of APAC payments
QR codes and low cost smartphones pushed wallet adoption across the region in 2025. Digital wallets captured 65.12% of the Asia-Pacific payments market in 2025, driven by QR codes, upgraded contactless technology, and wallets built into low-cost smartphones. The transaction volume for digital wallets in the region is projected to reach $21.15t by 2031, according to a report by Mordor…
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