Online payment popularity surges in India, China, and Asia-Pacific, displacing cash and bank transfers, according to a report. Led by China, alternative payments rise, with India closely behind, propelling India to second place in share growth from 20.4% in 2018 to 58.1% in 2023. APAC favors digital wallets for e-commerce due to rising smartphone and internet accessibility. Philippines, Malaysia, and Indonesia also witness alternative payment surges. China dominates with over 65% e-commerce transaction value. Survey conducted in Q2 2023 with 50,000+ respondents across 40 countries reveals the growing trend.