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Southeast Asia Proximity Mobile Payments Forecast 2022
What's Driving Vastly Different Growth Stories Across the Region
Executive Summary
The number of proximity mobile payment users is rising in Southeast Asia as consumers embrace new technologies and governments laud the digitalization of financial services. But penetration and growth rates vary widely across individual countries.
Key Question: Why is the growth of proximity mobile payment users faster in some Southeast Asian countries than in others?
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KEY STAT: In 2022, growth in the number of proximity mobile payment users across the six major countries in our Southeast Asia forecast ranges from 16.7% in Malaysia (topping all countries in our worldwide forecast) to 4.1% in Singapore.
authors
Man-Chung Cheung
Contributors
- Vivian Dong
- Associate Forecasting Analyst
- David Morris
- Principal Analyst
- Jaime Toplin
- Senior Analyst
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