Retail holds 38% of APAC's payment market
Source: Asian Banking & Finance
Published on: 2026-04-21 21:29
The retail industry held over a third (38%) of Asia-Pacific's (APAC) payments market in 2025, which makes up grocery, apparel, and electronics spending across e-commerce and brick-and-mortar outlets. Healthcare, however, is the fastest-growing segment, with a projected compound annual growth rate of 13.42% through 2031, positioning it as a key driver of expansion in the APAC payments market. Telemedicine platforms introduced during the pandemic continue to see sustained use, whilst governments are embedding co-payment and subsidy disbursement directly into digital wallets. This shift supports more transparent billing and reduces administrative processes. In Singapore, a universal QR code programme across 27 public hospitals has shown operational gains, including shorter queues, automated insurance adjudication and instant digital receipts. Private clinics adopting similar systems ar...
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