The Economic Impact of Mobile Money in Asia

This report explores the growing role of mobile money in driving economic growth across Asia. Between 2013 and 2023, mobile money adoption rose significantly, leading to macroeconomic benefits such as higher GDP, enhanced consumption, and improved risk management for households. By 2023, mobile money had contributed over $720 billion globally to GDP, with Asia accounting for $425 billion, or 1.9% of its GDP.

East Asia-Pacific led regional gains due to advanced ecosystem services, while countries like Cambodia saw strong contributions in South Asia. Key growth drivers included increased adoption, higher transaction values, and the expansion of ecosystem use cases like merchant payments and remittances. Network effects also amplified the impact.

Download the report to explore the latest trend and comparison of Asia with other regions.