E-wallets are a popular payment method in Southeast Asia as they offer a convenient way to make payments without the need for a bank account or credit card. There are many different e-wallets available in Southeast Asia, each with its own unique features and benefits.
There are a variety of e-wallets available in Southeast Asian countries, each offering different features and benefits.
Except for Alipay and Wechat Pay, there are local e-wallets in different countries in South Asia.
Different E-wallets in Southeast Asia
In Thailand, the most popular e-wallet is TrueMoney, which offers a convenient way to pay for goods and services online. TrueMoney also has a mobile app that allows users to top up their balance and make payments on the go.
In Vietnam, the most popular e-wallet is Moca, which offers a convenient way to pay for goods and services online. Moca also has a mobile app that allows users to top up their balance and make payments on the go.
In Philippines, Gcash is the Alipay. GCash is a mobile wallet owned by Globe Telecom, one of the largest telecommunications companies in the Philippines. lt allows users to pay bills, buy load, transfer money, and even invest in funds. GCash is widely used in the Philippines and is accepted by many merchants nationwide.
In Indonesia, OVO is a digital wallet owned by Lippo Group, a conglomerate based in Indonesia. lt allows users to pay bills, buy load, transfer money, and even invest in mutualfunds. OVO is widely used in Indonesia and is accepted by many merchants nationwide.
In Bangladesh, the most popular e-wallet is bKash, which is owned by BanglaTec. It is a leading financial technology provider in the country, offering payment services and other digital financial solutions to its customers.
Along with international players such as PayPal, Alipay, WeChat, and Google Pay, there are several popular e-wallets in Malaysia. One of the leading e-wallets in Malaysia is GrabPay by Southeast Asian ride-hailing company Grab, which has ventured into food delivery and cashless payment services.
Whether expanding into the South Asia market, taking a local business online for the first time, or looking to grow existing eCommerce revenue, success hinges upon knowledge of the country's most popular eCommerce payment methods.