Societies are shifting away from cash, and embracing new ways to make payments and transfer money. In Asia, many have turned to e-wallets, QR codes, and super apps—skipping physical credit cards entirely.
Traditional card companies are reinventing themselves to stay ahead of the game. “These days, when people talk about ‘cards’, it’s not just a piece of plastic. It’s a digital network proposition where you can pay or be paid,” Stephen Karpin, Visa’s Asia-Pacific president, told Fortune on Tuesday.
