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APAC Consumers Ahead in Digital Payments Uptake: New Mastercard Research Finds Institutional Support and Buy-in Key to Even Greater Adoption

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 ....

United States , New Zealand , Republic Of , Sarah Guldin , Stephanie Mazinyi , Sandeep Malhotra , Golin Harris Forrest , Asia Pacific , Buy Now Pay Later , North America , New Payments Index , Executive Vice President , Payments Index , Harris Poll , Account To Transfers , Digital Wallets , R Codes Are The Most Popular Digital Payment Methods Greater Focus Needed On Building Trust In New Technologies Amidst Continued Global Uncertainty Singapore , Aug 25 , 022 Prnewswire Consumers In The Asia Pacific Region Remain Among Most Enthusiastic Adopters Of Digital Payments World , Ith 88 Percent Having Used Technologies Like Digital Wallets , Qr Codes , Buy Now Pay Later Bnpl , Iometricsand Others In The Last Year What 39s More , 9 Percent Of Apac Consumers Increased Their Usage At Least One Digital Payment Method During The Same Period , Emonstrating Momentum In Comparison , Nly 52 Percent Of Consumers In North America And Just 48 Europe ,