Industry Insight: Why Singapore is emerging as Asia’s PayTech hub

Digital payments are booming in Singapore - the Monetary Authority of Singapore reports that e-payments more than doubled to S$1.25 trillion in 2023, with over 90% of adults now registered for PayNow. Yet for many SMEs in sectors like F&B, retail, and beauty, digital adoption remains patchy. As Southeast Asia’s SMEs race to catch up, why is Singapore emerging as a hub for PayTech innovation? And how are partnerships and cross-border expansion reshaping the competitive landscape across the region? On Industry Insight, Lynlee Foo speaks to Christopher Yu, President & Chief Financial Officer, KPay to find out more.See omnystudio.com/listener for privacy information.