1、Digital Payments ControlLessons parties in the payments value chain can harness to scale their digital payments processesA report from Kapronasia in collaboration with SmartStream November 2022ContentsIntroduction 3Key Findings 5Challenges Around Increased Contactless Payment Volumes 6Lessons And Be

2、st-Practice Processes 9Conclusion 11Methodology Kapronasia conducted both primary and secondary research in Asia Pacific to obtain the most relevant insights from the industry around the exponential in digital payment transactions and need for better payments insight and control.Primary Research:Int

3、erviews were secured from relevant players across the ecosystem,including financial institutions,fintechs,and industry experts.Secondary Research:Sources included but were not limited to,market intelligence reports and studies by industry experts and professional services networks,white papers,educa

4、tional materials,media articles,and marketing collateral.2Digital Payments ControlIntroductionThere has been an exponential increase in contactless and online payments,driven by new technology.Cashless transactions,of which there were already 1,035 billion worldwide in 2020,are projected to increase

5、 nearly triple by 2030,with Asia-Pacific growing the fastest as cashless transaction volumes are forecasted to increase by almost four times between 2020 and 2030 (Figure 1).Regulatory requirements and customer expectations with regard to a variety of new payments experiences,such as e-wallets,weara

6、bles,and NFC-sticker,among others,are evolving equally rapidly.An exciting time for digital payments though it may be,it is an era marked by heavy competition and fraught with complexities,costs,and risks that are only exacerbated by ever-increasing payment volumes.Indeed,Roland Brandli,Strategic Pr