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Asia-Pacific Mobile Payments Services Market, Forecast to 2025
Asia-Pacific Mobile Payments Services Market, Forecast to 2025
Mobile Payments Capabilities in the Region Continue to Lead the World Driven by Innovative Use Cases and Viable Business Models
24-Jul-2020
Asia Pacific
Market Research
$1,500.00
Special Price $1,125.00 save 25 %
Description
As countries are making a conscious shift towards cashless societies, mobile payments are expected to be an alternate digital payments solution for consumers. Majority of the population already has access to internet and mobile phones, therefore mobile payments have the potential to reach people with diverse backgrounds, such as the older generation and the rural population.
Asia-Pacific (APAC) is expected to continue to lead the world in mobile payment developments. Across the region, payments infrastructures are being built, regulations are being drafted, and partnerships are being encouraged. This will greatly increase the security and convenience of mobile payments security, leading to a higher adoption rate of mobile payments.
The mobile payments landscape differs by countries but a general comparison can be made between developed countries and developing countries. Mobile payments growth is faster in developing countries because of the active participation from both the government and the industry. In developed countries, the market is more industry-led, thus the growth highly emphasizes on profit for the market participants.
Multiple mobile payments providers are competing for market share across different countries. It is important for mobile payments providers to take into account the differences in government regulations, payments infrastructure, and consumers’ behavior in different countries. These factors will affect the effectiveness of a business model in increasing and retaining its user base.
The security aspect of mobile payments will continue to be a major area of concern. Mobile payments carry sensitive data over the Internet; therefore providers need to assure consumers that the platform is secure and trustworthy.
This study also briefly analyzes the growth opportunities in other markets, such as online payments, cross-border payments, and B2B mobile payments. With the advancement in technology, such as 5G and ISO20022, the market will be able to provide an innovative solution to address the problems and meet the demands in these markets.
This study is based on extensive secondary research. Companies mentioned in this study include but are not limited to AirPay, Ali Pay, ANZ goMoney, Apple Pay, Beem It, Boost, CIMB Pay, D-barai, DANA, Fave Pay, GoMobile, Google Pay, Go-Pay, Grab Pay, iSaku, Jenius, Kakao Pay, LG Pay, LINE Pay, LinkAja, Maybank Pay, Merpay, Mobikwik, Moca, MoMo, Naver Pay, NextPay, NHN Payco, Origami Pay, OVO, Payoo, PayPay, Paytm, PhonePe, PixivPay, Rakuten Pay, Sakuku, Samsung Pay, Starbucks, Touch ‘n Go, Toss, TrueMoney, vCash, Venmo, ViettelPay, WeChat Pay, ZaloPay, and Zelle.
Countries covered include Australia, China, India, Malaysia, Indonesia, Thailand, Singapore, Vietnam, South Korea, Japan, New Zealand, Philippines, and the United States (as a reference for APAC).
Table of Contents
Executive Summary
Key Findings—Country Specific (Developed)
Key Findings—Country Specific (Developing)
Market Definitions
Key Questions this Report will Answer
Mobile Payments in APAC—Market Trends
Market Drivers
Market Restraints
Market Drivers—Developed Countries in APAC
Market Restraints—Developed Countries in APAC
Market Drivers—Developing Countries in APAC
Market Restraints—Developing Countries in APAC
Summary of Mobile Payments in APAC
Summary of Mobile Payments in APAC (continued)
Summary of Mobile Payments in APAC (continued)
Summary of Mobile Payments in APAC (continued)
Forecast Assumptions
Transaction Value and Volume Forecast—APAC
Transaction Value and Volume Forecast Discussion—APAC
Percent Transaction Value Forecast by Country
Percent Transaction Value Forecast Discussion by Country
Active Customers and Transaction Value Forecast—China
Active Customers and Transaction Value Forecast Discussion—China
Transaction Value and Volume Forecast—India
Transaction Value and Volume Forecast Discussion—India
The United States—Market Overview
The United States—Market Overview (Continued)
The United States—Key Market Players
The United States—Market Analysis
The United States—Market Analysis (Continued)
Japan—Market Overview
Japan—Key Market Players
Japan—Market Analysis
South Korea—Market Overview
South Korea—Key Market Players
South Korea—Market Analysis
Australia—Market Overview
Australia—Market Overview (continued)
Australia—Key Market Players
Australia—Market Analysis
Singapore—Market Overview
Singapore—Key Market Players
Singapore—Market Analysis
New Zealand—Market Overview
New Zealand—Key Market Players
New Zealand—Market Analysis
Cashless Society
The Impact of NUCC on Alipay and WeChat Pay
Credit Scoring System in China
Alibaba Sesame Credit and Tencent Credit
Alipay’s Footprint in Southeast Asia
Revenue Model of Alipay
WeChat (continued)
Business Model of WeChat (excluding WeChat Pay)
Revenue Model of WeChat
SWOT Analysis—Alipay versus WeChat Pay
China—Market Analysis
India—Market Overview
India—Key Market Players
India—Market Analysis
Vietnam—Market Overview
Vietnam—Market Overview (continued)
Vietnam—Cross-border Regulations
Vietnam—Cross-border Regulations (continued)
Vietnam—Key Market Players
Vietnam—Market Analysis
Malaysia—Market Overview
Malaysia—Key Market Players
Malaysia—Market Analysis
Indonesia—Market Overview
Indonesia—Key Market Players
Indonesia—Market Analysis
Thailand—Market Overview
Thailand—Key Market Players
Thailand—Market Analysis
Philippines—Market Overview
Philippines—Key Market Players
Philippines—Market Analysis
Mobile Payments in Online and Offline Retail
Mobile Payments on Online Retail
Mobile Payments in Online Retail (continued)
Singtel VIA Alliance Case Study
Singtel VIA Alliance Case Study (continued)
Singtel VIA Alliance Case Study (continued)
Singtel VIA Alliance Case Study (continued)
“Going Cashless” versus “Going Less Cash”
Local versus Global
Local versus Global (continued)
Mobile Payments Solution of Today
What Mobile Payments in the Future Need to Be
Sustained Use of the Credit Card Model is Expected…
… Complemented by Alternate Global Solutions for eMoney
Growth Opportunity 1—Online Payments
Growth Opportunity 2—Cross-Border Mobile Payments
Growth Opportunity 3—B2B Mobile Payments
Strategic Imperatives for Success and Growth
Conclusions and Recommendations
The Last Word—3 Big Predictions
Legal Disclaimer
List of Abbreviations
List of Exhibits
List of Exhibits (continued)
The Frost & Sullivan Story
Value Proposition: Future of Your Company & Career
Global Perspective
Industry Convergence
360º Research Perspective
Implementation Excellence
Our Blue Ocean Strategy
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Popular Topics
Key Issues Addressed
- What is the scope of mobile payments services in APAC? What are the capabilities that are being offered via mobiles?
- Who are the key market players and what are their service offerings?
- What is the revenue upside and how payment capabilities in apps can improve the efficiency of business processes and reduce manpower requirements?
- What are the risks of implementing a mobile payments service? What are updates on the governing local regulations and standards?
- Why global, standard, and interoperable digital payments solutions are needed to grow the mobile payments services market and to achieve a cashless society?
Author: Mei Lee Quah
| Deliverable Type | Market Research |
|---|---|
| No Index | No |
| Podcast | No |
| Author | Mei Lee Quah |
| Industries | Cross Industries |
| WIP Number | 9ABE-00-4C-00-00 |
| Is Prebook | No |
| GPS Codes | 9702-C1,9705-C1,9657,9838-C1,9A66-C1 |