​ShopeePay drives Thailand’s digital payment adoption forward

• ShopeePay commits to accelerate digital payment ecosystem
• Increase in digital payment adoption among youth and those above 50 

SHOPEEPAY has announced its commitment for the second half of 2021 and is aimed at driving a fully-integrated digital payment forward in Thailand, with the objective of leveraging technology to raise quality of life. 

In a statement, it said that digital services have continued to grow rapidly and ​is dDriven by the third wave of Covid-19 pandemic. This includes digital money transfer where consumer preferences are tuned to online shopping.

According to Kasikorn Research Center, at least 53.9% of Thai consumers use digital payments.

The firm foresees continued growth in mobile wallet transactions in 2021, rising 15.8% to 18%, compared to 8.7% growth in 2020 or a 9.9% improved performance year-on-year, it said.

The increase in digital payments in…