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Market Research Report

Asia-Pacific Mobile Payments Services Market, Forecast to 2025

Published by Frost & Sullivan Product code 953239
Published Content info 141 Pages
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Asia-Pacific Mobile Payments Services Market, Forecast to 2025
Published: July 24, 2020 Content info: 141 Pages
Description

Mobile Payments Capabilities in the Region Continue to Lead the World Driven by Innovative Use Cases and Viable Business Models

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
Product Code: 9ABE/4C

Table of Contents

Executive Summary

  • Executive Summary
  • Key Findings-Country Specific (Developed)
  • Key Findings-Country Specific (Developing)

Market Overview-Total APAC Mobile Payments Services Market

  • 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 and Market Trends-Total APAC Mobile Payments Services Market

  • 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

Country Analysis-United States

  • 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)

Country Analysis-Japan

  • Japan-Market Overview
  • Japan-Key Market Players
  • Japan-Market Analysis

Country Analysis-South Korea

  • South Korea-Market Overview
  • South Korea-Key Market Players
  • South Korea-Market Analysis

Country Analysis-Australia

  • Australia-Market Overview
  • Australia-Market Overview (continued)
  • Australia-Key Market Players
  • Australia-Market Analysis

Country Analysis-Singapore

  • Singapore-Market Overview
  • Singapore-Key Market Players
  • Singapore-Market Analysis

Country Analysis-New Zealand

  • New Zealand-Market Overview
  • New Zealand-Key Market Players
  • New Zealand-Market Analysis

Country Analysis-China

  • 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
  • WeChat (continued)
  • Business Model of WeChat (excluding WeChat Pay)
  • Revenue Model of WeChat
  • SWOT Analysis-Alipay versus WeChat Pay
  • China-Market Analysis

Country Analysis-India

  • India-Market Overview
  • India-Key Market Players
  • India-Market Analysis

Country Analysis-Vietnam

  • Vietnam-Market Overview
  • Vietnam-Market Overview (continued)
  • Vietnam-Cross-border Regulations
  • Vietnam-Cross-border Regulations (continued)
  • Vietnam-Key Market Players
  • Vietnam-Market Analysis

Country Analysis-Malaysia

  • Malaysia-Market Overview
  • Malaysia-Key Market Players
  • Malaysia-Market Analysis

Country Analysis-Indonesia

  • Indonesia-Market Overview
  • Indonesia-Key Market Players
  • Indonesia-Market Analysis

Country Analysis-Thailand

  • Thailand-Market Overview
  • Thailand-Key Market Players
  • Thailand-Market Analysis

Country Analysis-Philippines

  • Philippines-Market Overview
  • Philippines-Key Market Players
  • Philippines-Market Analysis

Mobile Payments in Online and Offline Retail

  • Mobile Payments in Online and Offline Retail
  • Mobile Payments on Online Retail
  • Mobile Payments in Online Retail (continued)

Singtel VIA Case Studies

  • Singtel VIA Alliance Case Study
  • Singtel VIA Alliance Case Study (continued)
  • Singtel VIA Alliance Case Study (continued)
  • Singtel VIA Alliance Case Study (continued)

A Global Solution for Mobile Payments

  • "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 Opportunities and Companies to Action

  • Growth Opportunity 1-Online Payments
  • Growth Opportunity 2-Cross-Border Mobile Payments
  • Growth Opportunity 3-B2B Mobile Payments
  • Strategic Imperatives for Success and Growth

The Last Word

  • Conclusions and Recommendations
  • The Last Word-3 Big Predictions
  • Legal Disclaimer

Appendix

  • List of Abbreviations
  • List of Exhibits
  • List of Exhibits (continued)

The Frost & Sullivan Story

  • The Frost & Sullivan Story
  • Value Proposition: Future of Your Company & Career
  • Global Perspective
  • Industry Convergence
  • 360° Research Perspective
  • Implementation Excellence
  • Our Blue Ocean Strategy
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