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Digital payments hold key to untapped e-commerce growth in S-E Asia 

Kailash Madan
Published Tue, Nov 1, 2022 · 07:00 AM

DESPITE initial concerns of a post-Covid downturn, the digital payment market continues its growth trajectory in Asia, with transaction value expected to hit US$2 trillion in 2030 as more fintechs and digital banks emerge, according to a new Google-led study. The growth continues off the back of a broader digital economy boom in the region, with eight in 10 consumers in South-east Asia now digital, according to research conducted by Bain & Company and Facebook.

For online merchants, the region’s rapidly digitising economy represents a huge opportunity for growth. But part and parcel of this broader digital economy growth is the proliferation of alternative digital payment options such as …

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