Asia is changing the world

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn

Asia has outpaced all other regions in terms of #payments revenue growth over the past several years. It is also the largest contributor to #global payments revenue, generating over $900 billion in 2019, nearly half the global total identified by McKinsey & Company. The role of payments in Asiaโ€™s overall banking landscape has expanded as well, now representing 44 percent of the regionโ€™s banking revenues.

There are five fundamental themes that are reshaping Asiaโ€™s payments:

  • 1. Consolidation and industry structure shifts,
  • 2. Cross-border links,
  • 3. Connected commerce,
  • 4. Cashless economy
  • 5. Contactless.

Source:

https://www.mckinsey.com/industries/financial-services/our-insights/the-next-frontier-in-asia-payments#

Author

Mark Kalin

Achiever, Competition, Futuristic, Maximizer, Significance

Categories

  • Applications
  • Brand
  • Business
  • Education
  • Gaming
  • Generation
  • Innovation
  • Leadership
  • Mark Kalin
  • Marketing
  • Startup
  • Technology
  • VC

Tags