The world is moving towards cashless payment, and Asia is leading the charge with companies like Alibaba, Tencent, and Grab, and fast-growing mobile payment usage rates across the region. In China, more than 600 million people already use mobile payments, and in Southeast Asia, users are catching up fast.
“[Thailand] is still very cash-heavy [but] the world’s changing, so e-wallets, contactless payments, these things all have been growing a lot,” Wye-Shun Fong, chief technology officer of Bangkok Payment Solutions, said at the Infinity Ventures Summit in Bangkok on Tuesday.
