Asia goes cashless as countries push for digital payments

Quick Summary:

The share of cash transactions is expected to drop from 47% in 2019 to 14% by 2027.

The post Asia goes cashless as countries push for digital payments appeared first on KrASIA.

Cash is rapidly disappearing in consumer transactions across Asia, replaced by QR codes and other smartphone-based technologies.

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Article Details

Author / Journalist: Nikkei Asia

Category: TechnologyStartupsBusiness

Markets: ChinaIndiaSingaporeThailand

Topics: Share Expected Other Asia Transactions Cashless Payments Payment Cash 2027 Credit

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-26 @ 00:30:46 (21 hours ago)

News Timezone: GMT +8:00

News Source URL: kr-asia.com

Language: English

Article Length: 90 words

Reading Time: 1 minutes read

Sentences: 31 lines

Sentence Length: 3 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © KrASIA

News ID: 26448845

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About KrASIA

Main Topics: TechnologyStartupsBusiness

Official Website: kr-asia.com

Update Frequency: 1 posts per day

Year Established: 2017

Headquarters: China

News Last Updated: 1 days ago

Coverage Areas: China

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Publication Timezone: GMT +8:00

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Publisher ID: #79

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