Mobile payment firms struggle to dethrone cash in South-East Asia


  • TECH
  • Wednesday, 23 May 2018

Signs accepting WeChat Pay and AliPay are displayed at a shop in Singapore May 22, 2018. REUTERS/Edgar Su

SINGAPORE/HANOI: Bui Mai Phuong is an avid online shopper, ordering anything from clothing to personal-care products from her smartphone. But she prefers to pay with cash.

She is among hundreds of millions of people whom firms such as Softbank Group-backed Grab and China's Tencent want to win over as they try to tap into South-East Asia's burgeoning Internet sector.

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