APAC Real-Time Payments: Bank-Led Value Capture in a Zero-Fee, Super App-Driven Market
Explores the APAC payments ecosystem, highlighting RTP dominance, bank-led infrastructure, super-app disruption, low-fee economics, and growing cross-border interoperability across diverse regional markets.
This transcript analyzes the APAC digital payments ecosystem, where real-time payments dominate globally, accounting for nearly two-thirds of transaction volumes. Banks continue to control infrastructure and revenue pools, though super apps and fintechs are expanding rapidly, especially in markets like China.
Payment systems are increasingly low-cost or zero-fee, with value shifting toward data monetization and lending opportunities. While embedded finance is growing strongly, open banking remains nascent due to regulatory and data-sharing challenges, and cross-border interoperability is emerging as the next major growth driver.