6 | | FEBRUARY - 2018EditorialThe vast Asia-Pacific region accounts for nearly three-quarters of global payment transactions. It is only recently, however, that payments revenues surpassed those of Europe and North America to take a global lead. Revenues are also growing faster in Asia-Pacific than in other regions, as consumers shift away from cash and toward electronic payments, and large and mid-sized corporations become more sophisticated and demand more services.Opportunities in the region have naturally drawn the attention of payments players around the world. Specialists such as card processors, networks and even telcos are investing to capture a share of the pie. International banks are working on entry strategies. And local innovative specialists are seeking to solidify their current standing. However, the Asia-Pacific payments market is far from homogeneous, with stark differences between developed and developing countries in particular.Across the region, although at different speeds, electronic payments (card payments, credit transfers and direct debits) are on the rise, at the expense of cash and checks. Driven by high levels of both adoption and innovation, flows for emerging payments methods such as prepaid cards and online and mobile payments will grow at more than twice the rate of overall payments flows over the next five years, especially in developing markets. On the corporate payments side, the growing sophistication among corporate customers is providing further fuel for revenue growth. This implies that banks will need to invest to meet higher expectations on cash management solutions. By offering electronic marketplaces and ensuring that e-payments are secure and reliable, which could capture share in this fast growing market.In light of this, CIOAdvisor APAC has come up with the latest issue of Payment Solutions. The magazine brings to the limelight the most promising payment solution providers in this emerging market. In addition to the insights from prominent industry professionals and experts who have helped us with their in-depth perspective on the state of the industry. We hope you enjoy reading the issue as much as we enjoyed compiling the issue.Let us know your thoughts.APAC to soon be the Digital Payments centre of the worldPaul John Managing Editoreditor@cioreviewapac.comCopyright © 2018 ValleyMedia, Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof.Email:sales@cioreviewapac.comeditor@cioreviewapac.commarketing@cioreviewapac.com February - 2018, Vol 10, Issue - 18 (ISSN 2644-237X) Published by ValleyMedia, Inc.To subscribe to CIOReview ApacVisit www.cioreviewapac.com Editorial StaffAaron PierceCarolynn WaltersShirley FaithRussell ThomasVisualizersDavid Parker*Some of the Insights are based on the interviews with respective CIOs and CXOs to our editorial staffManaging EditorPaul JohnSalesAnnie Mathewsannie.mathews@cioreviewapac.com Dane StanleyRonald Donovan
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