digital wallets Archives - Inside Retail Asia
Nearly half of consumers in China who took part in a new survey shop with digital wallets.
Hong Kong digital wallet take-up is poor compared to most other countries in Asia Pacific, a new survey shows.
Burgeoning e-commerce market is driving the use of digital wallets in China. Researcher Forrester says the growth is also attributed to the growing penetration of smartphones and mobile payment technologies. Aggressive promotional efforts by e-commerce giants Alibaba and Tencent, financial institutions and mobile operators also play a key role in encouraging the use of digital wallets via their online platforms. Senior analyst Vanessa Zeng says with the strong growth potential of digita…