People use smartphones as they sit and drink tea by the roadside in Hanoi, Vietnam, which plans to become a cashless economy by 2027. Photo: Bloomberg

Southeast Asia’s e-wallet providers face shakeout as market booms

  • Some are using their cash to build scale as they race to secure a dominant position in a mobile payments market estimated to grow seven-fold to US$109 billion by 2025
Topic |   Mobile payments
People use smartphones as they sit and drink tea by the roadside in Hanoi, Vietnam, which plans to become a cashless economy by 2027. Photo: Bloomberg
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