The way we pay is undergoing a profound transformation, driven by technology, consumer behavior, and the need for greater security. Traditional payment methods like credit cards are being replaced or supplemented by alternative payment systems such as mobile wallets, QR code payments, and real-time bank transfers.

In this episode of the Asia Tech Podcast, Sheue Chee Beh, Head of Partnerships for APAC at Yuno, breaks down the hidden forces shaping how we pay today—and how businesses must adapt.

Some of the topics that Chee covers in detail include:

• Payment systems have continuously evolved to make transactions more seamless while preventing fraud. The goal has always been to enhance customer experience while ensuring security.
• One of the biggest challenges in payments is striking the right balance between convenience and security. Consumers want a frictionless experience, but reducing friction may increase vulnerability to fraud.
• Digital payments are not just for consumers—they are also transforming SMEs.
• Payment Orchestration: For businesses operating in multiple countries, accepting payments isn’t as simple as choosing one provider. Every market has its own preferred payment methods, banking infrastructure, and regulations.
• One of the most surprising insights was that alternative payment methods are outpacing credit cards in many regions, especially in Southeast Asia, India, and Latin America.
• One of the most exciting developments in the industry is the effort to connect different national payment systems into a seamless global network.