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dLocal , the leading payment platform connecting global merchants to emerging markets, today announced the expansion of its partnership with Spreedly, the world’s leading Open Payments Platform. “By streamlining payment processes, we enable Spreedly’s customers to offer local payment options with minimal effort. .”
Credit cards are practically a relic of the past in China, with QR code payments via AliPay and WeChat Pay now already accounting for a collective 92% share in Chinas massive payments market. Its clear that APAC isnt just embracing the future of digital payments its defining it.
In Asia-Pacific (APAC), the payment landscape is rapidly evolving, driven by the integration of advanced technologies, growing use of alternativepaymentmethods and the rise of digital currencies. APAC leads the world in digital wallet adoption.
Yuno , the world’s leading payment orchestration platform, today announced the appointment of SheueChee Beh as its new Head of Partnerships for APAC. SheueChee is actively involved in community-based initiatives across the APAC region and is also a recipient of Money2020’s prestigious RiseUp leadership program.
Nium, the real-time cross-border payments company, has expanded its partnership with Thredd , the payments processor, to issue virtual cards in the APAC region. More partnerships Elavon , a globalpayments provider, has expanded its collaboration in Europe with FreedomPay.
Paula Bellizia, president of globalpayments at EBANX “There is a solid demographic reason for this: rising economies have a young and growing population, contrasting developed regions. By 2027, rising markets in LatAm, Africa and APAC will make up for 40 per cent of the total value of B2B payments made online worldwide.
Explaining how payments can be further digitised and democratised, we sat down with Juan Pablo Ortega , co-founder and CEO of Yuno. Other alternativepaymentmethods such as Nupay, developed by Nubank for international purchases, and digital wallets such as PicPay have similarly grown in popularity.
In addition to the demographic and economic push, rising economies largely benefit from digitization,” states Paula Bellizia, President of GlobalPayments at EBANX. In LatAm, 64% of businesses in Brazil and an impressive 85% in Colombia, way higher than the global average of 50%, according to OECD and UNCTAD data.
Real-time payments (RTPs) like PayTo, PayID, and the NPP (developed by Australian Payments Plus) are emerging as quick and convenient alternativepaymentmethods. QRC Payments are immensely popular in APAC and are expected to gain momentum in Australia.
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