The penetration rate is forecast to experience significant growth in all regions in 2028. From the selected regions, the ranking by penetration rate in the 'Digital Payments' segment of the fintech market is forecast to be lead by Singapore with 99.78 percent. In contrast, the ranking is trailed by the Philippines with 42.05 percent, recording a difference of 57.73 percentage points to Singapore.
Data provided by Statista Market Insights are estimates.
Definition:
The Digital Payments market segement is led by consumer transactions and includes payments for products and services which are made over the Internet as well as mobile payments at point of sale (POS) via smartphone applications and cross-border money transfers made over the internet (digital remittances). Transaction value equals money transfers out of the selected region.
Structure:
The three markets in Digital Payments include Digital Commerce, Mobile PoS payments, and Digital Remittances.
Additional Information:
The market comprises transaction values, average transaction value per user, users and user penetration rates. Transaction values in the Digital Payments market segment refers to consumer transactions made via the Internet or mobile wallets.
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
Statista Digital Market Insights. (January 22, 2024). Penetration rate of digital payments of selected countries in Southeast Asia from 2023 to 2028 [Graph]. In Statista. Retrieved August 25, 2024, from https://www.statista.com/forecasts/1349373/southeast-asia-digital-payments-penetration-rate-by-country
Statista Digital Market Insights. "Penetration rate of digital payments of selected countries in Southeast Asia from 2023 to 2028." Chart. January 22, 2024. Statista. Accessed August 25, 2024. https://www.statista.com/forecasts/1349373/southeast-asia-digital-payments-penetration-rate-by-country
Statista Digital Market Insights. (2024). Penetration rate of digital payments of selected countries in Southeast Asia from 2023 to 2028. Statista. Statista Inc.. Accessed: August 25, 2024. https://www.statista.com/forecasts/1349373/southeast-asia-digital-payments-penetration-rate-by-country
Statista Digital Market Insights. "Penetration Rate of Digital Payments of Selected Countries in Southeast Asia from 2023 to 2028." Statista, Statista Inc., 22 Jan 2024, https://www.statista.com/forecasts/1349373/southeast-asia-digital-payments-penetration-rate-by-country
Statista Digital Market Insights, Penetration rate of digital payments of selected countries in Southeast Asia from 2023 to 2028 Statista, https://www.statista.com/forecasts/1349373/southeast-asia-digital-payments-penetration-rate-by-country (last visited August 25, 2024)
Penetration rate of digital payments of selected countries in Southeast Asia from 2023 to 2028 [Graph], Statista Digital Market Insights, January 22, 2024. [Online]. Available: https://www.statista.com/forecasts/1349373/southeast-asia-digital-payments-penetration-rate-by-country