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Digital Wallets
Financial Technology (FinTech)
Overview
Digital wallets in Asia store payment information on mobile devices, enabling users to make electronic transactions, including payments, money transfers, and online purchases.
Products/ Services
Products and services include mobile wallets, peer-to-peer transfers, in-app payments, and loyalty programs.
Market Segmentation
The market is segmented by wallet type (closed, semi-closed, open), by transaction type (peer-to-peer, retail, bill payments), and by region (East Asia, Southeast Asia, South Asia).
Key Players (in Asia)
Alipay (China), WeChat Pay (China), Paytm (India), GrabPay (Southeast Asia), Gcash (Philippines).
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