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Wealth Tracker: How does Singapore’s digital wallet ecosystem compare to other “investor darlings” in fintech?

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Manage episode 485219309 series 2467889
Content provided by SPH Radio and MONEY FM 89.3. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by SPH Radio and MONEY FM 89.3 or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Over the past decade, Singapore has seen a dramatic shift in how consumers pay — digital wallets now account for 39% of all online transaction value and nearly a third of point-of-sale spending, skyrocketing from just 7% and 1% respectively ten years ago.

This surge has positioned Singapore as a leader in digital payment innovation across the Asia-Pacific region, fueled by a tech-savvy population and a robust digital infrastructure.

But what’s really driving this rapid adoption? Is it simply the growing demand for convenience, or does this trend signal a deeper transformation that fintech investors should be watching closely?

On Wealth Tracker, Hongbin Jeong speaks to Phil Pomford, General Manager, Global eCom, APAC, Worldpay, to find out more.

See omnystudio.com/listener for privacy information.

  continue reading

4616 episodes

Artwork
iconShare
 
Manage episode 485219309 series 2467889
Content provided by SPH Radio and MONEY FM 89.3. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by SPH Radio and MONEY FM 89.3 or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Over the past decade, Singapore has seen a dramatic shift in how consumers pay — digital wallets now account for 39% of all online transaction value and nearly a third of point-of-sale spending, skyrocketing from just 7% and 1% respectively ten years ago.

This surge has positioned Singapore as a leader in digital payment innovation across the Asia-Pacific region, fueled by a tech-savvy population and a robust digital infrastructure.

But what’s really driving this rapid adoption? Is it simply the growing demand for convenience, or does this trend signal a deeper transformation that fintech investors should be watching closely?

On Wealth Tracker, Hongbin Jeong speaks to Phil Pomford, General Manager, Global eCom, APAC, Worldpay, to find out more.

See omnystudio.com/listener for privacy information.

  continue reading

4616 episodes

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