Payment methods in Southeast Asia have always varied across different markets: cash on delivery, bank/ATM transfers, credit cards, mobile wallets, etc. due to the nascent nature of e-payments. More than 73% of the region’s population is still unbanked – 438 million – and lack trust in sharing information through online channels. With the rise of fintech and ecommerce, it is important to educate consumers on the convenience and ease of online payment methods.
Here are the top payment methods in Thailand, Singapore, Indonesia and the Philippines: