Trends Report

The Mobile Payment Opportunity In Southeast Asia

The Race For Mobile Payments Is Heating Up

October 14th, 2015
With contributors:
Frederic Giron , Benjamin Ensor , Bill Nagel

Summary

Mobile payments are hot in Southeast Asia; more customers are visiting and paying online retailers from their mobile phones. Surging smartphone penetration has created revenue opportunities for the region's mobile operators, banks, credit card networks, and financial technology startups, all of which are rapidly ramping up their mobile payment capabilities to stay competitive. This report outlines the market trends, usage scenarios, and local mobile payment options available to Southeast Asian consumers and the issues that eBusiness and channel strategy professionals in financial institutions must consider to create successful mobile payment strategies.

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