R Codes Are The Most Popular Digital Payment Methods Greater Focus Needed On Building Trust In New Technologies Amidst Continued Global Uncertainty Singapore News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Account to account transfers, digital wallets, QR codes are the most popular digital payment methods Greater focus needed on building trust in new technologies amidst continued global uncertainty SINGAPORE, Aug. 25, 2022 /PRNewswire/ Consumers in the Asia Pacific region remain among the most enthusiastic adopters of digital payments in the world, with 88 percent having used technologies like digital wallets, QR codes, Buy Now Pay Later (BNPL), cryptocurrencies, biometricsand others in the last year. What's more, 69 percent of APAC consumers increased their usage of at least one digital payment method during the same period, demonstrating momentum. In comparison, only 52 percent of consumers in North America and just 48 percent in Europe, (regions where consumers tend to be more guarded and cautious about emerging payment technologies) increased their usage in the same way. The latest data on payment habits, attitudes and preferences was published today in Mastercard's second