Digital payments is now king in Asia’s payment ecosystem. The Covid-19 has accelerated Asia’s transition to digital financial services. Notwithstanding border restrictions, the region’s digital payments ecosystem is growing as countries collaborate to connect their domestic payment systems. How is the e-payment race across Asia?
Read MoreTo avoid Covid resurgence, Chinese government called people to avoid travelling to their hometowns for family celebrations. According to Xinhua News Agency, comparing the average figures during this period, more than 48 million people in 36 large and medium-sized cities across the country have decided to stay where they work this year to celebrate Lunar New Year. As millions stay put, Chinese celebrate Spring Festival in new ways.
Read MoreConsumption remains an engine and driving force for China’s economic growth. According to the BCG, consumption by young Chinese spenders under the age of 35 accounts for 65% of consumption growth. Youngsters spend big on laziness and they are willing to pay for services that save their own leisure time.
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