DUBLIN, Nov. 7, 2023 /PRNewswire/ — The “Asia-Pacific Online Payment Methods Market 2023” report has been added to ResearchAndMarkets.com’s providing.

Asia-Pacific B2C e-Commerce cost worth is projected to develop at over 6% CAGR from 2023, surpassing EUR 4 trillion by 2027. This publication supplies insights into the present state and future tendencies of on-line funds within the area. Among its key findings, the report highlights that not all nations have skilled a increase in digital cost adoption.

China is among the many main nations in digital cost adoption

Digital cost adoption continues to rise within the Asia-Pacific area, as outlined within the report, with China on the forefront of the transfer towards a cashless society within the APAC area. Online cost person penetration in China has exceeded a excessive double-digit proportion of the nation’s Internet customers, though person development has considerably slowed in recent times. Furthermore, China is among the many nations projected to expertise a double-digit CAGR in B2C e-Commerce cost worth from 2023 to 2027.

Cards and digital wallets dominate cost strategies in most Asia-Pacific nations

According to the report, using various cost strategies has continued to extend within the APAC area, though the expansion price is forecasted to say no within the coming years. When it involves probably the most extensively used on-line cost strategies, card funds and digital wallets persistently rank as the highest two selections in lots of nations within the area. In China and India, over 8 out of 10 and 9 out of 10 adults have owned and used a cell pockets, respectively, prior to now 12 months, with the cell pockets funds worth in India anticipated to develop at a double-digit CAGR between 2023 and 2027. While some nations are experiencing fast digital cost adoption, nations like Japan and Vietnam are nonetheless within the early phases of transitioning to cashless economies.

Real-time cost adoption rising within the APAC area

Another rising cost type within the Asia-Pacific area is real-time funds, as an growing variety of customers search to exchange money of their each day lives. The Asia-Pacific area is main the real-time cost area, with excessive adoption charges throughout numerous nations within the area. According to the publication, India is without doubt one of the main nations on this discipline and is predicted to witness important development within the variety of real-time cost transactions by 2027, practically tripling the 2022 figures. Hong Kong can also be projected to triple its real-time cost transaction numbers by 2027, experiencing a mid-range double-digit CAGR from 2022.

Story continues

Key questions answered:

• How is the BNPL cost worth in APAC forecasted to develop by 2028?

• How a lot will the B2C e-Commerce cost worth develop throughout completely different APAC nations by 2027?

• How excessive is the digital cost adoption in numerous nations in Asia-Pacific?

• By 2027, how will real-time cost adoption develop in South Korea?

• At what price is the cardboard cost worth projected to develop in numerous APAC nations by 2027?

Countries lined within the report:

• Japan

• South Korea

• Australia

• New Zealand

• Singapore

• China

• Taiwan

• Hong Kong

• India

• Indonesia

• Thailand

• Vietnam

• Malaysia

• Philippines

Companies Mentioned 

• Alipay HK

• au PAY

• BOC pay

• dPayment

• iD

• MerPay

• Mobile Suica

• Octopus

• Paidy

• Payme

• PayPal

• PayPay

• QUICPay

• Rakuten Edy

• Rakuten Pay

• Tap & go

• Visa

• Wechat Pay

Key Topics Covered:

1. Key Takeaways

2. Management Summary

3. Global Developments

• Overview of the Online and Mobile Payment Trends, September 2023

• B2C e-Commerce Payment Value, in USD trillion, 2023e & 2027f

• Preferred Online Payment Methods For B2C e-Commerce Purchases, in % of Adults, June 2022

• Value of Contactless Card Transactions, in USD trillion, 2022e & 2027f

• Value of Digital Wallet Transactions, in USD trillion, 2023e & 2028f

• BNPL B2C e-Commerce Sales, in USD billion, 2022e & 2027f

• Number of BNPL Users, in tens of millions, 2022e & 2027f

• Cryptocurrency Payment Value, in USD billion, 2020-2025f

• Total Number of OEM Pay e-Commerce Transactions, in USD billion, Growth in Transactions, in %, & Average Transaction Volume Per OEM Pay User, in USD, 2026f

• Share of OEM Pay e-Commerce Transactions Stemming From Purchases of Digital Goods, in %, 2026f

• Top Reasons Why Respondents Are Likely to Abandon Checkout, in % of Adults, June 2022

• Most Accessible vs Most Preferred Online Payment Method, in % of Adults, June 2022

• Share of Consumers Agreeing With the Following Statements Related to Security of Online Payments, in %, April 2023

• Share of Consumers Agreeing With the Following Statements Related to Digital and Mobile Wallets, in %, April 2023

• Top Consumer Expectations at Checkout When Making Online Purchases, incl. “Payment Methods”, in % of Respondents, October 2022

• Preferred Payment Method When Shopping Online, in % of Respondents, October 2022

4. Asia-Pacific

4.1. Regional

• Overview of the Online and Mobile Payment Trends, September 2023

• B2C e-Commerce Payment Value, in USD trillion, 2023e & 2027f

• BNPL Payment Value, in USD billion, 2023e & 2028f

4.2. Advanced Markets

4.2.1. Japan

• Digital Payment Use, in % of Respondents, 2022

• Most Used Payment Methods, in % of Respondents, January 2023

• Share of Smartphone Payment Users, in % of Internet Users, February 2022 & February 2023

• Breakdown of Attitude Towards Future Use of Mobile Payments, in % of Internet Users, February 2023

• Breakdown of Smartphone Payment Service Use, by Number of Services Used, in % of Internet Users, January 2023

• Breakdown of Smartphone Payment Use, by Amount of QR Code Payment and Contactless Payment Services, in % of Internet Users, January 2023

• Top 5 QR Code Mobile Payment Services, in % of QR Code Mobile Payment Users, January 2023

• Top 5 Contactless Mobile Payment Services, in % of Contactless Mobile Payment Service Users, January 2023

• Share of Shoppers Using a Mobile Wallet For Last Physical Purchase, in %, Q3 2022

• Breakdown of Digital Wallet Use Frequency Among Adults, in %, May 2022

4.2.2. South Korea

• B2C e-Commerce Payment Value, in USD trillion, 2022 & 2026f

• Breakdown of B2C e-Commerce Payment Methods, in %, 2022

• Share of Population That Made a Digital Payment, in %, 2022

• Number of Real-Time Payment Transactions, in billions, 2022 & 2027f

4.2.3. Australia

• Card Payment Value, in USD billion, 2023e & 2027f

• BNPL Sales, in AUD billion, FY 2021 & FY 2022

• Share of Adults Who Own a Mobile Wallet and Have Used It within the Past Year, in %, 2022

• Share of Shoppers Using a Mobile Wallet For Last Physical Purchase, in %, Q3 2022

4.2.4. New Zealand

• BNPL Transaction Value, in USD billion, 2023e & 2026f

• Share of Adults Who Own a Mobile Wallet and Have Used It within the Past Year, in %, 2022

4.2.5. Singapore

• Card Payments Value, in USD billion, 2023e & 2027f

• Share of Adults That Made a Digital Payment, in %, 2022

• Share of Adults That Used a BNPL Service, in %, Q3 2022

• Share of Shoppers Using a Mobile Wallet For Latest Physical Purchase, in %, Q3 2022

• Share of Adults Who Own a Mobile Wallet and Have Used It within the Past Year, in %, 2022

• Number of Proximity Mobile Payment Users, in tens of millions, 2022e-2026

• Proximity Mobile Payment User Growth, in % of Y-o-Y Change, 2022e-2026f

4.3. Emerging Markets

4.3.1. China

• B2C e-Commerce Payments Value, in USD trillion, 2023e & 2027f

• Number of Online Payment Users, in tens of millions, and Penetration, in % of Internet Users, June 2021 & June 2022

• Online Payment User Penetration, in % of Internet Users, June 2022

• Number of Real-Time Payment Transactions, in billions, 2022 & 2027f

• Share of Adults Who Own a Mobile Wallet and Have Used It within the Past Year, in %, 2022

• Breakdown of Digital Wallet Use Frequency Among Adults, in %, May 2022

• Mobile Wallet Ownership and Usage, in % of Adults, Q2 2022

4.3.2. Taiwan

• B2C e-Commerce Payments Value, in USD billion, 2022 & 2026f

• Share of Online Shoppers Who Prefer Payment Cards for Online Payments, in %, 2022

• Share of Online Shoppers Who Prefer to Use Cash for Online Payments, in %, 2022

• Share of Adults Who Own a Mobile Wallet and Have Used It within the Past Year, in %, 2022

• Breakdown of Most Preferred Online Payment Methods, in % of Internet Users, Q3 2022

4.3.3. Hong Kong

• Number of Real-Time Payment Transactions, in billions, 2022 & 2027f

• Share of Adults Who Own a Mobile Wallet and Have Used It within the Past Year, in %, 2022

• Number of E-Wallet Users, by E-Wallet Provider, in tens of millions, May 2023e

4.3.4. India

• B2C e-Commerce Payment Value, in USD billion, 2023e & 2027f

• Card Payment Value, in USD billion, 2023e & 2027f

• Number of Real-Time Payment Transactions, in billions, 2022 & 2027f

• Number of Digital Payment Transactions, in billions, FY 2022-23 & FY 2026-27f

• Value of Digital Payment Transactions, in INR trillion, FY 2022-23 & FY 2026-27f

• Number of BNPL Users, in tens of millions, 2022e & 2027f

• Mobile Wallet Payments Value, in USD billion, 2023e & 2027f

• Share of Adults Who Own a Mobile Wallet and Have Used It within the Past Year, in %, 2022

• Breakdown of Digital Wallet Use Frequency Among Adults, in %, May 2022

4.3.5. Indonesia

• Digital Payment Platform Use, by Digital Payment Platform Type, in % of Internet Users, H1 2022

• Digital Wallet and Mobile Banking Use, by Generation, in % of Respondents, H1 2022

• Number of Proximity Mobile Payment Users, in tens of millions, 2022e-2026

• Proximity Mobile Payment User Growth, in % of Y-o-Y Change, 2022e-2026f

• Share of Adults Who Own a Mobile Wallet and Have Used It within the Past Year, in %, 2022

4.3.6. Thailand

• Share of Online Payments Making Up Total Payment Transactions, in %, 2023e

• Share of Adults Who Own a Mobile Wallet and Have Used It within the Past Year, in %, 2022

• Number of Proximity Mobile Payment Users, in tens of millions, 2022e-2026

• Proximity Mobile Payment User Growth, in % of Y-o-Y Change, 2022e-2026f

4.3.7. Vietnam

• Share of Adults That Made a Digital Payment, in %, 2022

• Share of Adults Who Own a Mobile Wallet and Have Used It within the Past Year, in %, 2022

• Share of Adults That Used a BNPL Service, in %, Q3 2022

• Number of Proximity Mobile Payment Users, in tens of millions, 2022e-2026

• Proximity Mobile Payment User Growth, in % of Y-o-Y Change, 2022e-2026f

4.3.8. Malaysia

• Card Payment Value, in USD billion, 2023e & 2027f

• Share of Adults Who Own a Mobile Wallet and Have Used It within the Past Year, in %, 2022

• Number of Proximity Mobile Payment Users, in tens of millions, 2022e-2026

• Proximity Mobile Payment User Growth, in % of Y-o-Y Change, 2022e-2026f

4.3.9. Philippines

• Card Payment Value, in USD billion, 2023e & 2027f

• Breakdown of Online Payment Methods, in %, 2022e

• Number of Proximity Mobile Payment Users, in tens of millions, 2022e-2026

• Proximity Mobile Payment User Growth, in % of Y-o-Y Change, 2022e-2026f

For extra details about this report go to https://www.researchandmarkets.com/r/q2tzgk

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