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81 made a payment method that can be used by everyone and anywhere , “ we would have been ready with a viable global alternative to cash years ago .” “ The inability of cards to serve everyone anywhere has created the opportunity for alternative payments methods like e-wallets and carrier billing ,” she explains . “ This is the space where we are seeing a lot of development , particularly in the Asia Pacific over the last few years . E-wallets , in particular , are mushrooming here but more importantly , the acceptance of e-wallets is growing and through local and regional partnerships .” In China , mobile payments have ballooned into a trillion-dollar market , with two of the country ’ s biggest tech giants – Alibaba and Tencent – dominating the space . Tencent and Alibaba ’ s competing apps – WeChat Pay and AliPay – are used by just about everyone in the country ; however , Quah points out how there ’ s “ so much potential ” for regional players such as GrabPay , Boost and even Singtel VIA ’ s
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