ASEAN TRENDS
ASEAN TRENDS
Although it could be argued that merchant fraud remains a global concern , the major trend in the ASEAN region for 2019 is set to be the uptake of new payment options . There has been a significant rise in payment options compared to two years ago . We ’ ve seen payment methods such as Alipay and WeChat Pay that are now well entrenched in China becoming an increasingly important part of the payment mix across ASEAN , as these countries also strive to capture a share of the Chinese market . Additionally , national real-time payment schemes are increasing usage of realtime payments by consumers – notably in peer-to-peer funds transfers , but increasingly in interactions between consumers and businesses . Singapore ’ s
55 www . fintechmagazine . com