Dear Subscriber,

Considering it represents a fifth of the world’s population, and boasts a mobile payment market worth $16.7 trillion and growing, China is remarkably overlooked in western discourse.

In this issue of the PaymentEye e-newsletter, ECOMMPAY explore the competitors for the crown in China’s cashless future, the subject of their latest whitepaper: Payment and Consumer Trends in Asia and the Pacific.

Elsewhere, we roundup the digital payments landscape in 2018 and tell you the top players, and GoCardless argue why bank to bank payments will steal market share from cards in a cashless society.

Considering it represents a fifth of the world’s population, and boasts a mobile payment market worth $16.7 trillion and growing, China is remarkably overlooked in western discourse. By Alexander Pestana, Head of Business Development APAC, ECOMMPAY.

The introduction of PSD2 at the beginning of the year has led to increased competition in the digital payments space by opening up the market to a new wave of players, creating more options for CTOs and treasury departments.

The growing prominence of the mobile channel begs one important question: how can merchants tackle fraudsters in this new environment?

Open Banking in the UK heralds a new generation of bank-to-bank payments, which could take market-share from cards as we move towards a Cashless Society. By Duncan Barrigan, Director of Product, GoCardless.