Do cards have the opportunity to flourish in Southeast Asia’s digital payment services landscape?

Quick Summary:

Notably, in Germany, my country of origin, credit cards are owned by over 56.62 per cent of individuals aged 15 and above, while an impressive 94.01 per cent possess debit cards.

In the contemporary Western world, cards have established themselves as the prevailing mode of payment for daily transactions, business purchases, and more.

However, if there is alignment, there is ample room for further innovation and development of card services in Southeast Asia, surpassing the existing boundaries of what has been accomplished thus far.

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Article Details

Author / Journalist: Jakob Rost

Category: StartupsTechnology

Markets: SingaporeGermany

Topics: Community Fintech SaaS Ayoconnect Indonesia

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-06 @ 04:00:24 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: e27.co

Language: English

Article Length: 882 words

Reading Time: 5 minutes read

Sentences: 2 lines

Sentence Length: 441 words per sentence (average)

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

Copyright Owner: © e27

News ID: 23440918

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About e27

Main Topics: StartupsTechnology

Official Website: e27.co

Update Frequency: 8 posts per day

Year Established: 2006

Headquarters: Singapore

News Last Updated: 9 hours ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

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Publisher ID: #10

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