News Snapshot:
Across Asia Pacific (APAC), China, India and Indonesia are leading the region in digital wallet adoption. A new report by business payment company PPRO found that in these three markets, online shoppers prefer using e-wallets such as Alipay, Paytm and GoPay for their online purchases over bank transfers, cash and payment cards. Unsurprising, China leads APAC in digital wallet usage. A nation of smartphone lovers, the country has been quick to adopt digital wallets, which are now used to pay for the majority of e-commerce payments. Services like Alipay and WeChat Pay take a 72% market share, far ahead of...
