Case Study: 

It lags behind Vietnam in terms of growth rate.

Mobile payments in Singapore climbed 12 ppt from 34% in 2018 to 46% in 2019, making the nation the fifth fastest in terms of mobile payments growth in Southeast Asia, according to a research by PwC.

This is said to signify a payoff in the efforts by the government and other mobile payments players.

Meanwhile, Vietnam has seen the highest growth in mobile payments in the past year globally, increasing to 61%, up from 37% in 2018.

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