"I have never tried using mobile payments because I don't know how to use it and it seems a bit complicated to use," said Phuong, 36, a manager at a construction material supplier in Vietnam. Mobile payments are ubiquitous in China; a consumer can spend a day without using cash at all in Beijing or Shanghai, and even some beggars accept mobile payments. And the mobile payment marketplace in Southeast Asia remains wide open, with no dominant players. Mobile payments address some of those problems. Mobile payment companies bet they can transform their platforms into financial supermarkets, offering everything from loans to insurance on top of payment options.

Source: Bangkok Post May 23, 2018 07:41 UTC