Singapore, India, Indonesia expected to be leaders in digital payments: study

Singapore

INDIA, Indonesia and Singapore are expected to lead the pack both in the absolute value of digital payments and the compound annual growth rate (CAGR) between 2020 and 2024, according to Deloitte and Inclusion Fintech Conference in their latest study of emerging digital life in South and South-east Asia.

The report, which surveyed eight countries (Singapore, Malaysia, Thailand, Indonesia, the Philippines, India, Bangladesh, and Pakistan) also found that Asia leads the world in terms of popularity and growth of e-commerce.

Driven by South-east Asia's increasing number of Internet…

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