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Mobile Payments
Financial Technology (FinTech)
Overview
Mobile payments in Asia enable consumers to make payments using their mobile devices, with widespread adoption driven by convenience and technological advancements.
Products/ Services
Products and services include mobile wallets, QR code payments, NFC payments, and mobile banking apps.
Market Segmentation
The market is segmented by payment method (QR code, NFC, in-app), 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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