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The meteoric increase in digital payments in Asia in recent years has led to a proliferation of new regulations as national regulators seek to keep pace with new digital payment technologies.
In turn, PSPs are coming under pressure to ensure that their technologies and business models comply with an increasingly complex regulatory landscape.
A patchwork of regulation, licensing and ownership restrictions make Asia a difficult market for operators and platforms to expand at speed, but the rewards outweigh the difficulties, with the regional industry likely to be worth US$1 trillion by 2025.
Our Asia team has outlined the five steps to digital payments success in this complex market.
The contents of this publication are for reference purposes only and may not be current as at the date of accessing this publication. They do not constitute legal advice and should not be relied upon as such. Specific legal advice about your specific circumstances should always be sought separately before taking any action based on this publication.
© Herbert Smith Freehills 2024
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