Asia Pacific has no dearth of digital-payment options as smartphone ownership picks up, but cash is still king in most of the region's major markets, according to a new study from PayPal.
The report, titled "Digital Payments: Thinking beyond Transactions," found 57 percent of the respondents said they preferred cash for their day-to-day transactions.
Another about 24 percent of the participants said they preferred using other traditional payment methods, such as bank transfer, internet banking and credit or debit cards.
Only 12 percent said they frequently used digital wallets to make payments and a very small number of respondents said they preferred contactless methods using their smartphones.
Finally, in China, where the likes of Alipay and WeChat Pay have seen massive uptake in recent years, only 25 percent indicated they still preferred using cash for transactions.