A working tracker of who owns mobile payments across fifteen Asian markets. Alipay and WeChat Pay in China, UPI in India, GCash in the Philippines, and a region-specific stack everywhere else.
Dana has done something none of its Indonesian competitors have managed: it’s built a user base approaching 200 million — roughly 70% of Indonesia’s population — without being embedded inside … Read more
OVO is one of Indonesia’s four dominant e-wallets — alongside GoPay, Dana, and ShopeePay — serving over 110 million registered users across 300 cities. It’s also, since October 2021, a … Read more
GCash is the Philippines’ most popular e-wallet and the financial infrastructure for a country where about two-thirds of adults lacked a bank account in 2017 and only 50.2% had an … Read more
Asia-Pacific’s digital wallets processed $36.8 trillion in spending in 2024 (Juniper Research), and the fight for dominance is getting nastier. GCash commands 89% of the Philippines’ mobile wallet market with … Read more
MoMo isn’t just Vietnam’s most popular e-wallet. It’s the country’s definitive case study in how a mobile payments startup can grow into a full-blown financial super app — and finally … Read more
Vietnam’s e-wallet market crossed 100 million active users in early 2026 (Ken Research, 2026), and two platforms account for the bulk of the action. MoMo, the standalone fintech super app … Read more
The Philippines is now a USD 40 billion digital economy. That figure—reported by the Philippine Statistics Authority—represents 8.5% of the country’s total GDP and signals something that anyone who’s spent … Read more
Vietnam’s digital economy reached an estimated $39 billion in gross merchandise value in 2025, growing at roughly 19% year-on-year and cementing the country’s position as Southeast Asia’s fastest-growing digital market … Read more
VNG holds an estimated 55% of Vietnam’s gaming market — up from 24.5% in 2020. The real story of Vietnam’s domestic champion, fact-checked.
The DIA Briefing
Asia’s digital markets, every other week. Free.