The State of Local Payment

Well, it did take a few years before Southeast Asia adopted cashless payment, and in a hurry. What happened in China around 2014 was a phenomenon, that an entire country adopted cashless payment method, through Alipay and WeChatpay, to say the least. 

It had to take an entire pandemic to get this region going cashless. Better late than never, as the saying goes. What also happened post-pandemic is the rise of remote working and the growth of digital nomads. All you need is internet. And this region is wired.

This is why LocalPay is created for the army of digital nomadders and remote workers, who, in their pursuit of working desk, invariably will travel across the region. No longer do you need to hunt for money changers, or getting confused with conversion rates, or holding too much of one currency. 

If you're traveling and working across Southeast Asia, here's a report by the Boston Consulting Group on "​Interoperable QR Code Payment Ecosystem in ASEAN: What it Means for the World". 

​This is real, and it's happening as I'm typing.