Filipinos Spend More Than Ten Hours Online Per Day – World Record
Investvine, A Company of Inside Investor, Ltd.
Feb 08, 2019

The Philippines are topping the global country ranking of Internet usage per day with an average ten hours and 2 minutes of screen time. The country was joined in the top five by Thailand and Indonesia, according to findings in a new report on online habits released by HootSuite and We Are Social.

Filipinos are also the world’s most voracious users of social media, spending around four hours and 12 minutes on various social media platforms every day. Based on the latest report, Internet users in the Philippines raised their average daily time online from nine hours and 29 minutes last year.

Filipinos’ latest average daily use of the Internet also far exceeds the global average online time of six hours and 42 minutes daily. Social media usage is also now nearly double the global daily average of two hours and 16 minutes.

Ranked third, people in Thailand were found to spend an average nine hours and 11 minutes online each day, while those in neighbouring Indonesia also devoted more than a third of their day to screen time, clocking in at eight hours and 36 minutes on average.

Developing nations from Southeast Asia and Latin America dominated the Internet usage index, with Brazil and Colombia ranked second and fourth, respectively.

Asia also featured at the other end of the spectrum, with people in Japan spending the least amount of time online – at an average of three hours and 45 minutes.

“Asia is one of the world’s fastest-growing regions for Internet and mobile usage, and with that comes a huge appetite for technological adoption, foreign investment and digital innovation. Brands and companies are recognizing this opportunity and demonstrating a strong sense of urgency to integrate digital and social media into their business,” said Roger Graham, Hootsuite’s head of Asia.

Photo by Tim Bennett on Unsplash

Company Investvine, A Company of Inside Investor, Ltd.
Contact Imran Saddique
BH Global's cyber security division enters into strategic partnership with Sasa-Software (Israel)
JCN Newswire
Jan 31, 2019

SINGAPORE, Jan 31, 2019 - (ACN Newswire) - BH Global Corporation Limited ("BH Global", SGX:BQN), an established group providing comprehensive solutions in supply chain management, design and manufacturing, engineering, and surveillance and cyber security to a multitude of industries across the globe, is pleased to announce that the Group has entered into a strategic partnership with Sasa-Software (Israel).

Sasa-software (Israel), an Israeli company based out of Kibbutz Sasa in the Upper Galilee, is an awardwinning, pioneer and specialist in CDR technologies. Since 2009, the company has protected more than 200 highly sensitive and critical sites, achieving virtually zero incidents.

Based out of Singapore, and as an extended arm of Sasa-Software (Israel), Sasa-APAC will expand its businesses and proliferate CDR technologies into the region by establishing viable regional channel partners. Sasa-APAC will qualify, appoint and train its channel partners with skill sets to adequately service the needs of their local customers, especially CII customers and customer who are in pursuit of network separation implementations.

"As high-profile breaches continue to make headlines globally and now even at home, such as the Singhealth data leak, this is a timely and strategic partnership in response to the global deficiency in mainly detection based cyber security strategies. It is especially so when threat vectors today are not just highly sophisticated in depth, but also expanding rapidly in breath from attacking enterprise IT systems to CIIs such as Operational Technologies (OT) and Supervisory Control And Data Acquisition (SCADA) platforms in Industrial Control Systems. Sasa-APAC will benefit CIIs in the region directly through increased accessibility to CDR realisation skills and experiences. With that, we hope to change the common detection-centric mindset in most cyber-protection strategies today", said Mr Ken Soh, Chief Information Officer, BH Global and Chief Executive Officer, Athena Dynamics Pte Ltd ("ADPL").

ADPL and Sasa-Software have been in collaboration since 2014, successfully deploying the latter's flagship CDR technologies, protecting numerous critical networks of public and private sectors, including government agencies, financial institutions, healthcare and critical infrastructures. The formation of Sasa-APAC will take this relationship a step further, assuming the role as the face of Sasa-Software (Israel) in the APAC region.

"As a pioneer of CDR technology, Sasa-Software today is protecting more than 200 CIIs including government classified networks, military, water, energy plants, healthcare and FSI sensitive infra-structures since 2009. Sasa-APAC will therefore be a strategic and practical platform for us to introduce and proliferate this unique cyber protection technology to the Asia Pacific region. Sasa-APAC today is well equipped with engineers trained and certified by Sasa-Software, who come with extensive production experiences in Singapore. We are ready to serve and provide quality CDR solutions to the APAC region", said Yakov Yeroslav, Founder and CEO, Sasa-Software.

About BH Global Corporation Limited (Bloomberg Code: BHGM.SP)

BH Global Corporation Ltd is an established group providing comprehensive solutions in supply chain management, design and manufacturing, engineering, and surveillance and cyber security to a multitude of industries across the globe. With more than half a century of experience and presence in the marine and offshore, oil and gas, industrial, petrochemical and commercial sectors, the Group has built strong synergies and expertise that strategically position it to develop turnkey solutions focused on electrification, digitisation and environmental sustainability.

Through excellent research and development and project management capabilities, BH Global has a unique platform which is proficient in producing integrated solutions to capture growth opportunities, and executing swift and impactful value-added services to its clients worldwide. For more information, please refer to the website,


Based in Singapore, Athena Dynamics focuses on IT & OT cyber security (SecOps) and ITIL compliant integrated enterprise IT operation (ITOps) management solutions. Since its inception in mid-2014, Athena Dynamics has been awarded numerous classified projects in the public sector and critical projects to protect sensitive digital assets in the private sectors. With that and coupled with its strong credentials in enterprise IT operation management, the company poises to introduce more radically differentiated products and services to effectively protect digital assets which traditional methods fail to fulfil. For more information, please visit


Situated in northern Israel and privately owned by Kibbutz Sasa, Sasa-Software's solutions were originally developed within Plasan and Kibbutz Sasa's networks. This success enabled Sasa-Software to release its products nationally and internationally and today Sasa-Software protects over 200 sensitive and critical sites with virtually zero incident since 2009.

Sasa-Software's solutions have been tested by independent authorities specializing in IT security. Sasa Software's Gate Scanner(R) suite of solutions have been recognized by independent market analyst Frost & Sullivan as the Asia Pacific ICT (Critical Infrastructures) security vendor of the year for 2017. It was also ranked by independent research body STKI as the only pioneer and out-running champion of CDR technologies. For more information, please visit

For more information, please contact:
Romil SINGH,
Jonathan YEOH,
Tel: +65 6438 2990
Fax: +65 6438 0064

- ASIA TODAY News Global Distribution

Company JCN Newswire
Contact Tiara Liu
Telephone +81-3-5791-1821
How to Streamline Work Processes in 2019
Jan 02, 2019

By taking firm control of the company’s workflow, a business owner could create a more efficient team and generate a larger annual profit margin.

What’s more, they could potentially improve colleague communication and reduce workplace stress, which can boost employee morale and decrease turnover.

If you want to transform your company’s operations in 2019 and beyond, here are some top tips on how to streamline your work processes.

Review Your Existing Processes

Start the year off right by reviewing your existing processes with open eyes.

Not only should you personally analyze internal tasks, but you also should request feedback from your employees about processes that do or don’t work.

You can then eradicate long, frustrating and unnecessary tasks, which can speed up efficiency.

Simplify Projects with Innovative Software Solutions

There are now various software solutions that can help to simplify tasks and projects. For example, work management software allows staff to both track and manage their workflow, which can also help to prevent miscommunication or data errors.

However, rather than introducing an application to fit a problematic process, you should first study it before developing a solution to fit the task specifically.

To build custom software solutions to simplify your operations, look no further than this directory of software development companies.

Outsource Various Projects to Expert Freelancers

There is no longer a need to handle every single project internally. Free up your company’s time by outsourcing projects, so your team can focus on more important areas of the business.

For example, outsourcing content marketing to freelance writers will provide your marketing team with more time to focus on social media or email marketing campaigns.

Not only can outsourcing save your company time, but it could also:

• Save money on resources
• Lead to smaller internal labor costs
• Provide access to a large pool of talent
Decrease employee stress levels

Create a Smaller To-Do List

A long to-do list will prevent members of management and employees from focusing on revenue-generating ideas.

Encourage your team to focus on their top three urgent tasks each day so that you can maintain high standards across the business.

If they are weighed down with too many tasks, encourage them to speak up, so you can outsource jobs or invest in the tools and technologies they need to scratch it off their to-do list.

Host Regular Brainstorming Sessions

While meetings can eat away at your employees’ precious time, brainstorming sessions can lead to the development of more creative, forward-thinking projects, or could help them to identify different ways to simplify complex and/or time-consuming tasks.

Routinely Refine Your Operations

It is, however, important to remember that no internal process is perfect, as there is always room for improvement.

After you have made changes to your existing workflow, you must not wash your hands of it, as it needs to be regularly refined to improve efficiency.

To do so, you must regularly request feedback from employees, review internal tasks and introduce the best technologies for your business.

Photo by rawpixel on Unsplash

AWE 2019 releases new theme Falling in love with AI - Smart Life
Dec 19, 2018

SHANGHAI, Dec. 18, 2018 /PRNewswire/ -- AWE 2019 unveils its new theme: Falling in love with AI - Smart Life, gearing up to bring more innovative products, solutions, cross-boundary elements and global big names to its platform, and ready to reinterpret its core concept -- Home for Next -- by painting a blueprint on how AI powers our lives in the new era.

Relying on China's world-famous home appliance manufacturing industry and the stable development of consumer market, AWE has been recognized as a top 3 of the world's famous home appliance and electronic consumer events with 135,000 sqm exhibit area and 290,000 visitors. AWE 2019, hosted by China Household Electrical Appliances Association, will be held from 14th -17th March, 2019, in Shanghai, China.

AI was already a hot word at last year's AWE. Global AI Chip Innovation Forum, hosted at AWE for the first time, was packed with attendees, signaling the enthusiasm of the industry towards the upcoming AI era. Home appliance enterprises were ready to break boundaries by offering AI-equipped products and services. Haier rolled out an AI-equipped smart home solution, first of the industry, established an open smart home innovation platform, and created an open eco system along with its partners, setting an example for the industry. Midea unveiled its new strategy called "the new era of human-machine interaction" last year, expanding its portfolio from HVAC and home appliances to include smart manufacturing, smart logistics and smart retailing. At Huawei's Hi-Link exhibition area, we found that its clients spanned almost half of the home appliance industry including Midea, Haier, Skyworth, Changhong, Vanward, Robam, Airmate, Fotile, Chigo, Ecovacs, Little Swan, Joyoung and Galanz.

At AWE 2019, iFLYTEK, Speakin will be part of AWE's Technology Park, ready to bring more energy to the show. With Baidu, Alibaba and Tencent getting involved in the development of open cloud platforms and eco systems, we believe more brands will be able to connect through platforms, which could be a benefit for both home appliance makers and consumers.

China's home appliance industry is going smart, high-end and customized through an industry upgrade. AI is the backbone of future smart life as well as a reason behind people's affection in smart life.

Please save the date and apply for the free tickets at

Source: China Household Electrical Appliances Association

- ASIA TODAY News Global Distribution

Bringing Asia that bit Closer: Japan IX and LINX celebrate new Partnership
Dec 13, 2018

The London Internet Exchange (LINX) are pleased to announce a new partnership with the Japan Internet Exchange (JPIX), as they join LINX’s IXP Reseller Partner Programme.

LINX launched their IXP Reseller Programme back in 2017 when they welcomed Italian IX NaMeX to the LINX partner programme. The idea of the programme is to work collaboratively with fellow exchanges, which in turn, strengthens LINX’s overall ethos of ‘Working for the Good of the Internet’.

LINX has noticed a significant increase in members joining and peering from the APAC region since 2016. Reasons behind this include the growing interest in London as a global hub for peering, particularly for new and emerging segments such as finance, retail and enterprise. Transport costs for networks trying to reach the UK are falling, making London an attractive place to interconnect and peer.

LINX CMO, Kurtis Lindqvist says;
“We are pleased to be partnering with JPIX. This is a positive and natural move for LINX, following the increased interest and demand from networks in Asia wanting to connect and peer in London. We are excited for what the future holds!”

The new partnership will allow JPIX’s customers to connect directly to LINX’s LON1 peering platform in London via a sole carrier partner. The connection will be ordered and managed by JPIX, making it as simple as possible for their customers to connect to LINX. It’s simply an additional service the customer can take advantage of.

JPIX are excited to be the first IX in the APAC region to offer this service to their existing customers.

Ryosuke Yamazoe, CEO of JPIX says;
"We have been in discussions for a partnership with LINX for quite some time and the members of JPIX have looked forward to peering with the members of LINX via the JPIX platform.”

“Users of JPIX, on the average, can achieve 60-70% peering off their overall traffic, but with the capability to interconnect with the LINX members, we believe that 80% of the overall traffic can be delivered directly, resulting in higher quality & lower delivery costs contributing to the overall efficiency to the business of our members. Through this partnership with LINX, JPIX and LINX will continue in collaborating and creating industry best solutions to the benefit of our mutual members."

LINX is the largest, solely member-owned Internet exchange in the world, with over 850 member ASNs connected to date. LINX members have the opportunity to reach approximately 80% of the global Internet, making it an increasingly key location for networks to meet and exchange traffic.

For more information on this new partnership or future LINX projects check or contact a member of the team via


- ASIA TODAY News Global Distribution

Malaysia Government Sets 20% Annual Growth Target For E-Commerce Sector
Investvine, A Company of Inside Investor, Ltd.
Dec 06, 2018

The Malaysian government has set an annual growth rate target of 20 per cent for the e-commerce sector in the country, from 14.3 per cent growth posted in 2017, via various initiatives.

International trade and industry minister Darrell Leiking said e-commerce contribution to GDP in Malaysia continuously improved over a period of seven years to 85.8 billion ringgit ($20.7 billion) in 2017 from 37.7 billion ringgit ($9.1 billion) in 2010, with an average annual growth rate of 12.5 per cent.

He added that the government through the National E-Commerce Council (NECC) will continue to support the growth and development of the sector through the implementation of a respective strategic national e-commerce roadmap.

Since its establishment in 2016, the NECC’s achievements in developing and enhancing the e-commerce ecosystem’s competitiveness included registering over 120,000 online businesses at the Companies Commission of Malaysia.

Small and medium enterprises registered with the “Go eCommerce” platform – an initiative aimed at guiding companies in e-commerce adoption – exceeded 20,000.

The implementation of the Digital Free Trade Zone pilot project in Cyberjaya supported by Alibaba founder Jack Ma has also accelerated the growth of e-commerce activities by providing a platform for local enterprises to conduct their business and services.

Furthermore, on November 12, 2018, Malaysia signed the ASEAN Agreement on Electronic Commerce, a concerted effort between the ten countries of the bloc to smoothen cross border e-commerce transactions by reducing barriers and lowering entry costs.

Photo by Andrew Neel on Unsplash

Company Investvine, A Company of Inside Investor, Ltd.
Contact Imran Saddique
Energy Market Company Launches Electricity Procurement Portal for Businesses
JCN Newswire
Nov 16, 2018

PowerSelect's unique 15-minute live auction helps businesses secure the best electricity offers in the shortest possible time

SINGAPORE - (ACN Newswire) - A new online portal which helps businesses purchase electricity efficiently - PowerSelect by Energy Market Company (EMC) - has enabled Sakae Holdings to save more than $12,000* in electricity bills over the next 12 months.

PowerSelect is developed by EMC, a wholly-owned subsidiary of Singapore Exchange (SGX), and is the most comprehensive electricity procurement portal for businesses in Singapore. PowerSelect offers different procurement options including a unique 15-minute live auction, houses data from the wholesale and futures electricity markets to help businesses make decisions around their electricity purchases, and is supported by a good mix and number of electricity retailers in Singapore.

Says SGX CEO Loh Boon Chye: "EMC has a 15-year track record in enhancing the efficiency and transparency of Singapore's wholesale electricity market. Tapping on this experience, SGX launched Asia's first electricity futures market to support the liberalisation of Singapore's power sector, providing electricity retailers with an avenue to hedge their risks. I am delighted that we are now extending our services to benefit business consumers as well."

EMC has been licensed by the Energy Market Authority (EMA) to operate Singapore's wholesale electricity market since 2003. "We understand the power business and have strong ties with industry players like electricity generators and retailers. PowerSelect was developed with the knowledge, experience and relationships that we have built over the years," says Toh Seong Wah, CEO of EMC.

PowerSelect serves businesses with an average monthly consumption of at least 10MWh, which is equivalent to a monthly electricity bill of at least $2,000. Sakae Holdings is PowerSelect's first customer (see Annex A for a case study on Sakae Holdings' electricity procurement exercise through PowerSelect).

Says Mr Douglas Foo, Chairman of Sakae Holdings: "Sakae's innovative culture means we are constantly looking for ways to improve our business model and operations. We are very pleased with the results of our electricity procurement through PowerSelect. Not only did we achieve our desired outcome of securing a better electricity package, we also saved substantial time and effort that we would otherwise have to spend sourcing for quotes and negotiating with electricity retailers."

Different electricity procurement options on PowerSelect

PowerSelect offers businesses a choice of different electricity procurement options. Businesses that wish to avoid the time-consuming process of comparing quotes can call for Live Auctions, where electricity retailers compete for their contracts within a 15-minute timeframe. The competitive and transparent bidding process helps businesses secure the best electricity offers in the shortest possible time. PowerSelect Live Auctions work best for businesses that prefer Fixed Price Plans or Discount Off Tariff Plans (see Annex B for details).

Businesses with unique or special requirements can purchase electricity through Invitations to Tender. Under this method of procurement, electricity retailers prepare customised proposals for the customers' consideration. The retailers are incentivised to put forward their best offers upfront as they have no visibility of other retailers' proposals.

Good mix and number of participating electricity retailers on PowerSelect

PowerSelect's participating retailers comprise a good mix of retailers with power generation arms as well as independent retailers. As of November 2018, a total of 11 electricity retailers have come on board, which means businesses can conveniently access a wide range of offers at one go.

Sunseap Energy is one of the electricity retailers participating in PowerSelect. Frank Phuan, CEO and Executive Director of Sunseap Group, says, "EMC has an excellent track record in operating Singapore's wholesale electricity market, and we are happy that it is extending its expertise into the retail market. Sunseap Energy is pleased to come on board PowerSelect as it provides us with another avenue to reach more customers."

Access to electricity price data on PowerSelect

Businesses can also access data from the spot and futures electricity markets on PowerSelect, to help them in planning and decision making. PowerSelect is the only electricity procurement portal that houses data such as wholesale and futures electricity prices, which are exclusively held by EMC and SGX.

EMC will explore the possibility of extending the portal to small electricity consumers like households in future.

About Energy Market Company

Energy Market Company (EMC) operates the wholesale market of the National Electricity Market of Singapore (NEMS), which is Asia's first liberalised electricity market. EMC completes the connection between those who make electricity in Singapore and those who use it.

As the exchange for wholesale electricity trading, EMC provides a transparent and competitive trading platform and its key activities include calculating prices, scheduling generation, clearing and settling market transactions as well as supporting governance of the market. EMC is a wholly-owned subsidiary of Singapore Exchange (SGX). For more information on EMC, please

For Media Enquiries, please contact:

Hsu Lin
Senior Account Manager
Ninemer Public Relations

Charlene Ho
Senior Account Manager
Ninemer Public Relations

* Amount of additional savings compared to the best offer that Sakae obtained on its own. Computed based on the regulated tariff for Q4 2018 ($241.30/MWh per month) and Sakae's average monthly electricity consumption.

- ASIA TODAY News Global Distribution

Company JCN Newswire
Contact Tiara Liu
Telephone +81-3-5791-1821
Different Ways Technology Has Impacted Modern Day Marketing
Nov 01, 2018

Have you ever thought about the role that technology has played on the marketing industry? A long time ago, the common way of reaching an audience was through print media, whereas now, online sources often dominate anything else. In fact, do you still know many people who read the physical newspaper every single day? The younger generations are not as likely to do this, and they are often a big part of the consumers that companies want to target.

Understanding how marketing has changed, and the way it will continue to change, is something that will help any organization come up with the best possible campaign, as well as to be successful in achieving various business goals. Here’s how technology has impacted and altered modern day marketing.

Online marketing

The online world is continuing to change, and for this reason, online marketing is as well. Even a few years ago, Instagram did not exist and was not a common platform to use to reach one’s audience. Nowadays, it is one of the most popular choices available, and it has thus changed the way social media marketing is performed.

In addition to this, there are constantly new gadgets that are released on the market that are changing the way companies operate every single day. Examples of this include augmented reality, virtual reality, artificial intelligence machines, and much more. Consider Pokemon Go, and how it impacted everyday life and revitalized a beloved game from people’s childhood.

Product creation

The steps for creating a product is further one of the biggest ways that technology has changed marketing. Only the appropriate product can sell off the shelves and be talked about by people on a widespread scale.

Many companies nowadays opt to set up their factories overseas in order to reduce manufacturing costs, and this has become easier with the various resources that are now available. In addition to this, the quality of products has changed for the better. There are now more opportunities for testing due to various software programs and apps that can do exactly this.

Of course, the necessary steps will always depend on what type of product you are creating. For instance, if it is a technological gadget, you need an electrical engineer to guarantee the efficiency of the product by using Altium’s CircuitStudio PCB design tools, all of which are easy to use and cost-effective. The end result is creating an item that consumers will love, and businesses will profit from when they release it on store shelves.

Data collection

Collecting data on consumers and market research overall has changed. Given that there are now many options available for companies to reach people, asking for customer feedback and thus tweaking products or services for the next release is a common occurrence. Moreover, it is easier than ever to determine exactly what the likes and dislikes of your audience is, especially considering the fact that they can be analyzed on the various social media platforms they spend their time on.

Photo by rawpixel on Unsplash

Suntech Signs Global Partnership Agreement with Cyient
Oct 23, 2018

Cyient is a global provider of engineering, manufacturing, geospatial, digital, network and operations management solutions to industry leaders

Germany/India, October 23, 2018 --( ASIA TODAY )-- Suntech, a leading provider of innovative OSS (operations support systems) solutions, has announced that it has signed a non-exclusive business alliance agreement with Cyient, a global provider of engineering, manufacturing, geospatial, digital, network and operations management solutions.

Through this agreement, Cyient and Suntech intend to jointly pursue business opportunities globally in the communications industry by leveraging both company’s technical proficiency, market reach, and domain knowledge. Cyient’s expertise in system integration, operational excellence and global delivery model combined with Suntech’s advanced and specialized technology will offer customers best in class OSS solutions.

Cyient will become a global sales and systems integration partner for Suntech’s world class software products, benefiting its clients with enhanced OSS portfolio and maintenance capabilities. Cyient’s global presence and established leadership in network inventory and asset management will provide Suntech access to newer markets.

Expressing confidence in the partnership, Sanjay Krishnaa, Senior Vice President, Communications, and President, Asia Pacific at Cyient said, “We are delighted to be partnering with Suntech to further expand the solutions we offer. Suntech’s technology will enable us to support global OSS transformation initiatives that will improve asset and network optimization for our clients.”

Commenting on the association, Piotr Saczuk, CEO, Suntech, said, “The combination of our ingenious technology with Cyient's mature engineering, design, and delivery capabilities presents new opportunities for both companies within the communications industry, as well as other markets, such as manufacturing, utilities, healthcare, and transportation.”

About Cyient
Cyient (Estd: 1991, NSE: CYIENT) provides engineering, manufacturing, geospatial, network and operations management services to global industry leaders. Cyient leverages the power of digital technology and advanced analytics capabilities, along with domain knowledge and technical expertise, to solve complex business problems. As a Design, Build and Maintain partner, Cyient takes solution ownership across the value chain to help clients focus on their core, innovate, and stay ahead of the curve.

Relationships form the core of how Cyient works. With nearly 15,000 employees in 21 countries, Cyient partners with clients to operate as part of their extended team, in ways that best suit their organization’s culture and requirements. Cyient’s industry focus includes aerospace and defense, medical, telecommunications, rail transportation, semiconductor, utilities, industrial, energy and natural resources.

For more information, please visit

Follow news about the company at @Cyient

About Suntech
Suntech is a leading supplier of OSS/BSS applications for cable operators, mobile network operators, and internet service providers. The company was formed in 1996. Suntech solutions are available under the SunVizion brand name.

The flagship product, SunVizion Network Inventory & Planning, is an innovative system for inventory of both logical and physical network elements combined with support for network planning process. This solution works with any network technology and with all types of networks. In-built workflow engine supports the processes related to network management and the sale of services. Intelligent discovery and reconciliation mechanisms improve the accuracy of network data. SunVizion solutions bring value to millions of subscribers worldwide.

For further media inquiries, please write to

China ranks third in global online payments, U.S. tops the list
China Knowledge Online
Oct 18, 2018

Oct 18, 2018 (China Knowledge) - Data released by the World Payments Report 2018 showed that in terms of the total number of online payments in the statistical period, the U.S. topped the list with 148.5 billion, with Eurozone coming in second with 74.5 billion and China third with 48 billion online payments.

The report also showed that China's non-cash transactions accounted for the world's second-largest share of the growth. In addition, the report predicts that China's digital payment power, led by Alipay and WeChat, cannot be ignored. By 2021, China's total online payments will surpass the U.S. as the world's largest.

The study is based on data from the world bank, the bank for international settlements and the European central bank's statistical database. Non-cash transactions include checks, debit cards, credit card payments, credit transfers and direct debit transactions. The compound annual growth rate (CAGR) for all digital transactions will be about 13% between 2018 and 2021, rising to USD 876 billion from USD 598 billion in 2018.

China completed 48 billion non-cash transactions in 2016, up 25.8% YoY. China's rate of growth was second only to that of Russia, whose share of non-cash payments rose 36.5% YoY to 17.3 billion. Australia was third with 11.1% growth, at 10.6 billion.

Company China Knowledge Online
Contact Editor
Telephone +65 6235 8468