APAC has solidified its position as the leader in global real-time payments, processing nearly 70% of the world’s 266 billion transactions in 2023. What makes APAC unique is its blend of diverse regulatory frameworks and a multitude of exotic currencies, creating a dynamic payments environment. The region is home to four of the top five global real-time payment markets by volume, showcasing APAC’s strategic measures to lead the global payments landscape. By 2028, APAC’s transaction volume is projected to rise to 351 billion, driven by rapid adoption and advancements in the real-time payments landscape as reported in Global Data’s Prime…
Author: Soe Laminn Thaw, Head of APAC Marketing - Financial Messaging, Bottomline
Author
Soe Laminn Thaw, Head of APAC Marketing - Financial Messaging, Bottomline
Thaw is responsible for the APAC marketing function at Bottomline. She has expert knowledge of the key payment trends in the region including messaging, orchestration, and connectivity with a specialisation in domestic and cross-border payments.
In a region experiencing rapid digitalisation, Asia-Pacific is projected to lead global cashless transaction growth and surpass 50% of the world’s volumes, according to the PwC Payments 2025 & Beyond report. Although presenting abundant growth opportunities, this dynamic landscape brings a unique set of challenges for banks and financial institutions. Fintech provider Bottomline’s latest report, ‘The Future of Competitive Advantage in Banking & Payments 2023″, compares the strategic priorities and roadmaps of financial institutions (FIs) in APAC against their global counterparts in meeting customer expectations and gaining a competitive edge in the rapidly evolving APAC payments landscape. Banking on the…