USD
GBP
CNY
EUR
INR
JPY
MYR
ZAR
KRW
THB
Southeast Asian Contactless Payment Growth Opportunities, Forecast to 2026
Southeast Asian Contactless Payment Growth Opportunities, Forecast to 2026
Convenience and Safety Considerations During the Pandemic Drive Use
14-Oct-2021
Asia Pacific
$2,450.00
Special Price $1,837.50 save 25 %
Description
The proliferation of COVID-19 has factored into the growth of contactless payments (made through a mobile device, wearable, or physical or virtual card, with the payee’s device or a merchant’s terminal initiating the transaction) in Southeast Asia. Customers want a safe and convenient way to do face-to-face transactions. Regulations and other government interventions also are promoting a cashless society, although the use of cash is still popular in countries with smaller banked populations, specifically for micropayments for daily purchases.
Mobile phones, wearable devices, and mobile point-of-sale (POS) terminals provide the platform for a faster payment process. Open application programming interfaces (APIs) streamline the product development process, and emerging contactless payment technologies such as near-field communication (NFC), quick response (QR) code, magnetic secure transmission (MST), and virtual cards will encourage broader acceptance.
New payment innovations leveraging open banking APIs will pave the way for data sharing from multiple points, allowing providers to profile customers based on their behavior to improve the purchase experience. As countries in the region gear up to roll out 5G, which could improve payment processing time and improve the customer experience, partnerships, mergers, or acquisitions among terminal vendors, payment processors, issuers, and telcos may be necessary to advance contactless payment use.
This study focuses on selected Southeast Asian countries: Indonesia, Malaysia, the Philippines, Singapore, Thailand, and Vietnam. It considers drivers and restraints for the region, and drill down into country-specific opportunities and challenges.
Author: Dewi Rengganis
RESEARCH: INFOGRAPHIC
This infographic presents a brief overview of the research, and highlights the key topics discussed in it.Click image to view it in full size
Table of Contents
Why Is It Increasingly Difficult to Grow?
The Strategic Imperative 8™
The Impact of the Top Three Strategic Imperatives on the Southeast Asian Contactless Payments Industry
Growth Opportunities Fuel the Growth Pipeline Engine™
Scope of Analysis
Market Definitions
Key Questions this Study ill Answer
Contactless Payment Value Chain
Contactless Payment Business Models and Benefits
Next-generation Contactless Payment Technologies
Growth Drivers
Growth Restraints
Indonesia—Market Overview
Indonesia—Transaction Value Forecast
Indonesia—Market Analysis
Malaysia—Market Overview
Malaysia—Transaction Value Forecast
Malaysia—Market Analysis
Philippines—Market Overview
Philippines—Transaction Value Forecast
Philippines—Market Analysis
Singapore—Market Overview
Singapore—Transaction Value Forecast
Singapore—Market Analysis
Thailand—Market Overview
Thailand—Transaction Value Forecast
Thailand—Market Analysis
Vietnam—Market Overview
Vietnam—Transaction Value Forecast
Vietnam—Market Analysis
Companies to Watch—ePayment Terminals
Companies to Watch—Mobile Payments
Artificial Intelligence for Contactless Payment Security
Machine Learning for Contactless Payment Security
Growth Opportunity 1—Dual-interface Card for a Wide Range of Payment Applications
Growth Opportunity 1—Dual-interface Card for a Wide Range of Payment Applications (continued)
Growth Opportunity 2—Mobile-based POS Terminals for Affordable Merchant Onboarding
Growth Opportunity 2—Mobile-based POS Terminals for Affordable Merchant Onboarding (continued)
Growth Opportunity 3—Biometrics for Seamless Transaction
Growth Opportunity 3—Biometrics for Seamless Transaction (continued)
Growth Opportunity 4—Blockchain and AI Technology to Track Transactions
Growth Opportunity 4—Blockchain and AI Technology to Track Transactions (continued)
Conclusions
List of Exhibits
List of Exhibits (continued)
Legal Disclaimer
Popular Topics
| No Index | No |
|---|---|
| Podcast | No |
| Author | Dewi Rengganis |
| Industries | Telecom |
| WIP Number | PC28-01-00-00-00 |
| Is Prebook | No |
| GPS Codes | 9523-D1,9702-C1,9705-C1,9657,9598,9A66-C1 |