Mobile Wallets Are Gaining Importance Among Banks and Merchants in Emerging Asia for Frictionless Commerce

Mobile Wallets Are Gaining Importance Among Banks and Merchants in Emerging Asia for Frictionless Commerce

  • July 2015 •
  • 7 pages •
  • Report ID: 3146494 •
  • Format: PDF

This IDC Buyer Case Study highlights the rising importance of mobile payments (mpayments) across Asia markets. There is increasing adoption by consumers, but more importantly, merchants are beginning to support mpayments through wallet solutions in increasing numbers. The conclusions are based on ongoing IDC research as well as several conversations we had at the recent Asian Financial Services (AFS) Congress, which was held in Singapore. During the AFS Congress 2015, many of these conversations occurred in a roundtable format. Attendees included delegates from regional and multinational banks as well as multinational corporations (MNCs), Asia-based businesses, and regulatory bodies.