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Digital Payments Growth in Asia Is Unmatched

In Asia, there’s an unprecedented rise in digital payments. Such growth provides the region with a unique opportunity to develop payment systems based on blockchain technology. If you’re interested in more details concerning the digital payments growth in the region and want to find an exceptional payment processor to work with, you’re at the right place. 

Digital Payments Growth in Asia

Asia’s Central banks, taking into account the fact that payments evolution is inevitable, are looking for ways to issue a CBDC (central bank digital currency). The launch of digital payments in Asia meant to serve the purpose of fulfilling certain goals, such as increasing retail sales, making the financial inclusion better, as well as facilitating remittances.

Did you know that China is associated with the mobile payments boom? A projected 32.7% of point-of-sale (POS) payments are completed through mobile devices. This is double the figure in the U.K. (15.3%) and the U.S. (15.0%). By the way, Alipay and WeChat Pay are working on expanding in neighboring Southeast Asia.

No matter you’re a merchant interested in online payment processing in Asia or elsewhere in the world, you need to find a highly reliable processor to work with. Consider applying to (EMB), which is voted the #1 high risk merchant processor in the U.S. and carries an A+ rating with the BBB. can be the best helping hand when it comes to digital payments growth. EMB is dedicated to offering the most secure, advanced, and the cheapest possible rates in the space.

Online Payment Processing in Asia

Online payments are rapidly growing in Southeast Asia. COVID-19 has turned e-wallets into a highly popular payment means in the region. In 2019, e-wallet transactions made up over $22 billion. 

Asia-Pacific (APAC) is a global leader in mobile payment developments. Southeast Asia is extremely powerful in terms of innovative solutions associated with real-time payments.

Be aware that China, Japan, Singapore, and South Korea are world leaders in 5G deployment. These countries boast high-quality digital infrastructure where the use of mobile wallets and other digital services are encouraged. Next come Indonesia, Malaysia, the Philippines, Thailand, and Vietnam.

So, digital payments are witnessing unmatched growth in Asia. COVID-19 has accelerated its growth even more. To succeed in the digital payments world, working with a respectable payment processor is a must.