This IDC study presents the top 10 predictions for Asia/Pacific payments based on insights from IDC's global practice. Each prediction is shaped by a common set of key drivers that provides a planning tool for technology leaders and their line-of-business counterparts to use in their IT strategic planning efforts.
"Asia/Pacific stays ahead in terms of payments transformation and spending, but following years of outspending other regions, there is a slowdown while other regions of the world catch up. Competition from new market entrants such as fintech start-ups and nonbank competitors, regulatory changes, more sophisticated security threats, and a myriad of other issues force banks to continue to invest in payments technology. For business leaders in the payment space, we're providing a look at not only where the industry will be moving but why. The intent is to provide some guidance on making strategic decisions," says Thomas Zink, research manager at IDC Financial Insights.