Asia goes cashless as countries push for digital payments
SINGAPORE/MUMBAI -- Cash is rapidly disappearing in consumer transactions across Asia, replaced by QR codes and other smartphone-based technologies. Physical money is forecast to make up just 14% of total transactions by 2027, down from around 47% in 2019, according to Worldpay, a U.S.-based payment processing company.The shift to cashless payments is also driven by efforts from India and other countries to promote domestic digital settlement systems and reduce the dominance of Western credit ca...
Read more at asia.nikkei.com