The 1988 Asia Cup (also known as the Wills Asia Cup) was the third Asia Cup tournament, held in Bangladesh between 26 October and 4 November 1988.

Four teams took part in the tournament: India, Pakistan, Sri Lanka and the host nation Bangladesh.

The matches were the first-ever List A-classified being played in Bangladesh, then an Associate Member of the International Cricket Council (ICC), their opponents all being Full Members.

The 1988 Asia Cup was a round-robin tournament where each team played the other three once, and the top two teams qualifying for a place in the final.

India and Sri Lanka qualified for the final in which India defeated Sri Lanka by 6 wickets to win its second Asia Cup.