Mobile Payments and the Rise of Social Commerce | Asia as a Time Machine to the Future

Healthcare is changing. With new technology platforms, sensors, big data, and mobile connectivity, we’re seeing a rapid digital transformation in the way we receive care. In Asia, this transformation is significant. 

Super apps, basically a bunch of apps in one, are all over Asia and could make their way to the U.S. The products and services offered by super apps are closely tied to the everyday life of a consumer — designed to enhance every minute of the user’s day and their ability to spend money.

We estimate Asia adopts new technologies 8-12 years ahead of the West, making it much like a time machine to the future. While its infrastructure has historically been underdeveloped relative to the West’s, Asia’s high internet connectivity, young and increasingly affluent and urban demographics, and entrepreneurial spirit have driven the region to adopt many technologies at a faster pace. In doing so, Asia provides a glimpse of what the future could look like in more developed, Western economies.