Asia set to leapfrog a payments generation

Markets with less developed payments channels and infrastructure in Asia will move straight to internet, mobile and contactless payments, says First Data Corporation.

Asia set to leapfrog a payments generation

Payments infrastructure in Asia is generally fragmented and large numbers of people in emerging markets tend to be unbanked through traditional methods. While access to points of sale or bank branches is limited for the unbanked, mobile and internet penetration is on the rise.

“The payment landscape in Asia-Pacific has changed significantly over the past few years,” said Marc Mathenz, senior vice-president and head of Asia-Pacific at First Data Corporation. “There has been a continuous...

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