The shift toward digital payments during the COVID-19 pandemic is irreversible, with contactless and real-time transactions becoming a standard for both public health and convenience. This transformation is not limited to large companies; governments, public transport systems, and small businesses are embracing digital payment solutions. According to McKinsey’s report, "The Future of Payments in Asia," the region now leads global payments revenue growth, generating nearly half of all worldwide payments revenue in 2019. The role of governments in building digital payment infrastructure varies across countries like China, India, Indonesia, and Singapore, impacting the competitive landscape of mobile payments.

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