"China❼Payment Market is overwhelmingly Led by Three Ubiquitous Payment Brands: The Digital Wallets Alipay and WeChat Pay, and the card network unionPay," The Report Said.

BY 2027, 86% of E-COMMERCE and 79% of in-Store Sales in China Will Be Transacted Use Digital Wallets, the report predictid.New Delhi Investment

"Many People in China No Longer Have A Physical Wallet in Hand and THEY Leave the House Only Carrying their Mobile Phone," Said Pomford.

India, The World most Populous Country with the Larget Youth Population, isn❽trailying too far before.

More than using the use digital wallets to pay for online and in-store purchase last year, and the country❼home-gey-geyments interface (UPI) Was One OR f the most popula transaction apps.

DIGITAL WALLET USAGE for Both Online and Brick-AD-Mortar Stores Are EXPECTD to Continue Being the Main Payment Option in India, Dominating More Than OF Total Sa les by 2027, worldpay project.Indore Stock

In Asia, Credit Cards Still has been a stranglehold in Developed Economies Like Japan (57%), south korea (56%) and Singapore (42%)Jaipur Wealth Management. Ke Indonesia (40%), The Philippines (34%) and andVietnam (36%) Prefer Digital Wallets to Other Modes of Payment.

"Many of the Markets have a fairly laarge unbanked population. And so the ablationnly has digital power," K OFF EXTREMELY FAST OVER the LAST COUPLE of Years, "Pomford Explained.Jaipur Investment