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Growth Opportunities in the Asia-Pacific B2B Payments Market, Forecast to 2025
Emerging Digital Payment Trends such as Blockchain-based Hyperledger Frameworks and Strategic Partnerships to Create New Business Models and Revenue Streams
12-Mar-2020
Asia Pacific
Market Research
Digital payments technology adoption in Asia-Pacific remains in a nascent stage, and unlike digital payment methods used by consumers in which streamlined checkout processes accept instant payment using credit cards, the bulk of B2B payments is still tied to paper checks and manual processes.
The future of digital payments is driven by applications and innovations created through partnerships and collaborations among industry stakeholders that are driving digital transformation. Asia-Pacific’s B2B payments market is being spurred by a growing B2B eCommerce market and by the appearance of financial technology (fintech) participants that recognize increasing market opportunities. With the integration of technologies such as a hyperledger framework, open API, and encryption, enterprises are heading towards an era that is borderless, paperless, reliable, and characterized by secure digital payments via a seamless process with minimal disruption.
Security concerns such as data breaches or identity theft act as a key restraint in the B2B payments space; similarly, lingering debt and payment delay can present a risk and place pressure on business cash flow. To minimize these risks and concerns, solutions such as electronic invoicing (eInvoicing) and blockchain can drive B2B payment transitions towards a better customer experience.
The use of blockchain technology has become a payments industry best practice that caters to the demand from cross-border transactions, online payment, and digital remittances for direct transaction between parties. Blockchain will eventually lead to instant transfers and minimum cost compared to other payment networks.
Countries Covered:
Australia, China, Japan, Indonesia, Malaysia, Singapore, South Korea, Vietnam, India, and the Philippines
B2B Payment Solution Providers Profiled:
Visa, Mastercard, EKO-PAY, Invapay, iPayLinks, PayPal, Western Union, Transferwise, Payoneer, and Earthport
Research Scope
This research covers growth opportunities within B2B payments market in Asia-Pacific, including a detailed discussion of the markets in Indonesia and Vietnam. It offers a market overview as well as regional forecasts and trends from 2019 to 2025. The digitalization of B2B payments is analyzed, along with accompanying risks and benefits for businesses.
Key Issues Addressed
- What are the trends within the B2B payments landscape in Asia-Pacific?
- How large is the B2B payments market in Asia-Pacific?
- When is the digital B2B payments market projected to grow in Asia-Pacific, and what are the expected growth rates?
- What are the potential implications of digitalization on B2B payments?
- What are future opportunities within B2B payments in Asia-Pacific?
- What is the market outlook on B2B payments in Indonesia?
- What is the market outlook on B2B payments in Vietnam?
Executive Summary
Executive Summary (continued)
Key Findings—Asia-Pacific
Key Findings by Country
Key Findings by Country (continued)
Key Findings by Country (continued)
Key Findings by Country (continued)
Market Definitions
Key Questions This Study Will Answer
Market Segmentation
Risks in B2B Payments
Market Trends—B2B Payments Paid Late
Market Trends—Increased Usage of eInvoicing
Market Trends—Decline in Use of Trade Credit
Market Trends—Increased Government Support
Market Drivers
Market Driver—Growth and Support of SMEs
Market Driver—Partnerships & Collaborations amongst Key Industry Participants
Market Driver—Partnerships & Collaborations amongst Key Industry Participants (continued)
Market Driver—Globalization
Market Driver—Growth in Payment Technology Solutions
Market Restraints
Market Restraint—Geopolitical Risk for Cross-border B2B Payments
Market Restraint—Security Concerns over Digital Payment Methods
Market Restraint—Complexity and Inefficiency of B2B Payments
Forecast Assumptions
Revenue Forecast by Payment Type
Revenue Forecast by Payment Type Discussion
Visa Profile
Mastercard Profile
EKO-PAY Profile
Invapay Profile
Payoneer Profile
iPayLinks Profile
PayPal Profile
TransferWise Profile
Western Union Profile
Earthport Profile
Country Analysis—Indonesia
Revenue Forecast by Payment Type
Revenue Forecast by Payment Type Discussion
Indonesia B2B Payments—Service and Market Trends
Indonesia—B2B Payments Competitive Landscape
Country Analysis—Vietnam
Revenue Forecast by Payment Type
Revenue Forecast by Payment Type Discussion
Vietnam B2B Payments—Service and Market Trends
Vietnam—B2B Payments Competitive Landscape
Growth Opportunity 1—Offer Competitive Payment Terms
Growth Opportunity 2—Offer Virtual Credit Cards
Growth Opportunity 3—Offer Digital Currencies
Growth Opportunity 4—Offer Feasibility throughout Delivery Process
Growth Opportunity 5—Offer Value-added Services
Strategic Imperatives for Success Factors
The Last Word—Conclusion and Recommendations
The Last Word—3 Big Predictions
Legal Disclaimer
Acronyms
List of Exhibits
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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A tailored session with you where we identify the:- Strategic Imperatives
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Research Scope
This research covers growth opportunities within B2B payments market in Asia-Pacific, including a detailed discussion of the markets in Indonesia and Vietnam. It offers a market overview as well as regional forecasts and trends from 2019 to 2025. The digitalization of B2B payments is analyzed, along with accompanying risks and benefits for businesses.
Key Issues Addressed
- What are the trends within the B2B payments landscape in Asia-Pacific?
- How large is the B2B payments market in Asia-Pacific?
- When is the digital B2B payments market projected to grow in Asia-Pacific, and what are the expected growth rates?
- What are the potential implications of digitalization on B2B payments?
- What are future opportunities within B2B payments in Asia-Pacific?
- What is the market outlook on B2B payments in Indonesia?
- What is the market outlook on B2B payments in Vietnam?
| Deliverable Type | Market Research |
|---|---|
| No Index | No |
| Podcast | No |
| Author | Dewi Rengganis |
| Industries | Telecom |
| WIP Number | 9ABE-00-4D-00-00 |
| Is Prebook | No |
| GPS Codes | 9702-C1,9705-C1,9657,9838-C1,9A66-C1 |