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Mobile payments going viral in Southeast Asia

Market is expected to explode to $32bn in 2021

A food stand in Singapore accepts payments via a smartphone installed with a QR reader app.

BANGKOK -- For a region that has lagged behind the rest of the world in terms of the number of credit cards and banking accounts, Southeast Asia has made remarkable strides toward a cashless society through the use of smartphone payments.

Spreading like Rabbits

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