Consumers in Asia are spoilt for choice when picking a way to spend their money. Non-cash payments methods used now range from debit and credit cards, wallets, and QR payments, to smart point-of-sale (POS) and online banking. The Capgemini World Payments Report 2019 found that emerging markets in Asia had seen use of non-cash payments increase by 32%, and predicted that these countries would set the future agenda for the most successful payments methods.
Though consumers enjoy a wide choice of payment methods to suit their lifestyles, it creates a headache for corporates. They must decide whether to cater for all possible payment options – with the costs this entails – or restrict the number and risk losing some customers.
