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Market Research Report
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1109066

Asia-Pacific Online Payment Methods 2022

Published: | yStats.com GmbH & Co. KG | 122 Pages | Delivery time: 1-2 business days

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Asia-Pacific Online Payment Methods 2022
Published: August 2, 2022
yStats.com GmbH & Co. KG
Content info: 122 Pages
Delivery time: 1-2 business days
  • Description
  • Table of Contents

China is the largest alternative payments market in Asia-Pacific: new yStats.com report.

China is among the leading countries regarding digital payment use

During the COVID-19 pandemic, digital payments accelerated in the Asia-Pacific region, and the growth has continued post-pandemic, as cited in the new yStats.com report. China is one of the frontrunners in the APAC region towards a cashless society. Online payment user penetration in China surpassed a high double-digit percentage of the country's Internet users, adding several hundred million users over the past three years. China is also among the countries that is forecasted to experience a double digit CAGR in B2C E-Commerce payments value from 2021 to 2025.

Cards and digital wallets are the most common payment instruments in most countries of the region

According to yStats.com, the acceptance of mobile payments increased over the course of the pandemic and beyond. Mobile wallet ownership in South Korea is projected to rise by around one quarter by 2025. Since the mobile wallet user penetration in China is already high, it is projected to grow by a high single digit percentage through 2025.

Australia sees growing use of BNPL

Over three quarters of Australians were aware of the BNPL service and its main market players such as Afterpay and Zip. As stated in the yStats.com report, in New Zealand, however, BNPL payments were not as equally common. Younger generations preferred the BNPL services in the country, with the older generations still using card payments more often.

Covered Regions:

Asia-Pacific.

Companies Mentioned:

Afterpay, AliPay, American Express, D Pay, Dana, FamiPay, GoPay, LINE Pay, Mastercard, Merpay, Openpay, OVO, Paypal, Paypay, QuicPay, Rakuten pay, Visa, WeChat pay, Yucho Pay, Zip.

Product Code: 1582

Table of Contents

1. Management Summary

2. Global Developments

  • Overview of the Online and Mobile Payment Trends, May 2022
  • Payment Value, by B2C E-Commerce Payments and POS Payments, in USD trillion, 2021 & 2026f
  • Share of Cash Payments, in % of Total POS Transaction Value, by Region, 2021 & 2025f
  • Value of Contactless Card Transactions, in USD trillion, 2020 & 2021e
  • Share of Contactless Card Transactions, in % of Overall Contactless Transaction Value, 2021e
  • BNPL B2C E-Commerce Sales, in USD billion, 2021e & 2026f
  • Number of BNPL Users, in millions, 2021e & 2026f
  • BNPL Share of B2C E-Commerce Payments, in %, 2021e & 2026f
  • Value of Digital Wallet Transactions, in USD trillion, 2022f & 2026f
  • Number of B2C E-Commerce Transactions Paid by OEM Mobile Payment Apps, in billions, 2022f & 2026f
  • Number of Mobile Wallet Users, by Region, in millions, 2020 & 2025f
  • Proximity Mobile Payment Users Worldwide, in millions, and Year-on-Year Change, in %, 2020 - 2025f
  • Proximity Mobile Payment User Penetration, in % of Smartphone Users, 2020 - 2025f
  • Proximity Mobile Payment User Penetration, in % of Smartphone Users, 2021e
  • Payment Methods Accepted by Online Merchants, by Already Accepted and Planned, in % of Online Merchants, February 2022
  • Factors Influencing Store Purchasing Choice, Excluding Digital Payments, in % of Consumers, December 2021
  • Areas for Growth According to Small Businesses, in % of Small Businesses, December 2021
  • Share of Consumers and Small Businesses Planning to Use Digital Payment Methods Exclusively Within the Next Two Years, in %, December 2021
  • Cryptocurrency Payment Value, in USD billion, 2018 - 2023f

3. Asia-Pacific

  • 3.1. Regional
    • Overview of the Online and Mobile Payment Trends, July 2022
    • Card Payment Value, in USD trillion, and Year-On-Year Change, in %, 2019-2025f
    • Breakdown of Payment Methods Used in B2C E-Commerce, in %, 2021
  • 3.2. Advanced Markets
    • 3.2.1. Japan
      • Payment Methods Used in B2C E-Commerce, in % of Online Shoppers, 2021
      • General Payment Methods Used, in % of Respondents, January 2022
      • Breakdown of Mobile Payments' Percentage Share of Total Payments Made, in % of Mobile Payment Service Users, February 2022
      • Breakdown of Attitude Towards Future Use of Mobile Payments, in % of Smartphone Users, February 2022
      • Mobile Payment User Penetration, by QR Code Payment and Contactless Payment, in % of Internet Users, January 2022
      • Breakdown of Most Used QR Code Mobile Payment Services, in % of QR Code Mobile Payment Users, January 2022
      • Breakdown of Most Used Contactless Mobile Payment Services, in % of Contactless Mobile Payment Service Users, January 2022
      • Number of Mobile Wallet Users, in millions, 2020 & 2025f
      • Number of Mobile Wallet Transactions, in billions, 2020 & 2025f
      • Mobile Wallet Transaction Value, in USD billion, 2020 & 2025f
    • 3.2.2. South Korea
      • Breakdown of Payment Methods Used in B2C E-Commerce, in %, 2021
      • Mobile Wallet Ownership and Usage, in % of Adults, H1 2021
      • Number of Mobile Wallet Users, in millions, 2020 & 2025f
      • Number of Mobile Wallet Transactions, in billions, 2020 & 2025f
      • Mobile Wallet Transaction Value, in USD billion, 2020 & 2025f
    • 3.2.3. Australia
      • Card Payment Value, in USD billion, 2022e & 2026f
      • BNPL Sales, in AUD billion, FY 2019 & FY 2021
      • Awareness and Usage of Buy Now Pay Later Payment Methods, in % of Respondents, September 2018 & June 2021
      • Awareness of Selected Buy Now Pay Later Services, in % of Respondents, September 2018 / August 2020 & June 2021
      • Usage of Selected Online Payment Platforms, in % of Respondents, January 2018 & June 2021
    • 3.2.4. New Zealand
      • BNPL and Credit Card Use, by Generation, in % of Respondents, January 2021
    • 3.2.5. Singapore
      • Card Payments Value, in USD billion, 2021 & 2025f
      • Payment Methods Preferred in B2C E-Commerce, in % of Online Shoppers, 2021
      • Changes in Consumer Behavior Following COVID-19 According to Online Merchants, incl. Payment-Related, in % of Online SMBs, September 2021
      • Share of Adults Who Would Prefer to Use BNPL to Buy An Item They Could Not Afford Immediately, in %, December 2021
  • 3.3. Emerging Markets
    • 3.3.1. China
      • B2C E-Commerce Payments Value, in CNY trillion, 2021e - 2025f
      • Payment Methods Preferred in B2C E-Commerce, in % of Online Shoppers, 2021
      • Most Used Payment Methods, in % of Internet Users, February 2022
      • Online Payment User Penetration, in % of Internet Users, June 2021
      • Number of Online Payment Users, in millions, and Penetration, in % of Internet Users, 2017-2021
      • Number of Real-Time Payment Transactions, in billions, 2020 & 2025f
      • Mobile Wallet Transaction Value, in USD trillion, and Volume, in billions, 2020 & 2025f
      • Mobile Wallet User Penetration, in % of Population, 2020 & 2025f
      • Breakdown of Mobile Wallet Market, in % of Total Value, July 2021
      • Third-Party Payment Value, by Mobile & Online, in CNY trillion, 2018-2025f
      • Number of Proximity Mobile Payment Users, in millions, and Share, in % of Population, 2019-2025f
      • Factors Considered Before Choosing a Mobile Payment Platform, in % of Internet Users, February 2022
    • 3.3.2. Taiwan
      • Breakdown of Most Preferred Online Payment Methods, in % of Internet Users, August 2021
      • Mobile Payment and Card User Penetration, by Age Group, in % of Internet Users, August 2021
    • 3.3.3. Hong Kong
      • Breakdown of Most Used Online Payment Methods, in %, 2023f
    • 3.3.4. India
      • Breakdown of Total Transaction Volume, by Payment Method Type, in %, 2021
      • Breakdown of Total Transaction Volume, by Payment Method Type, in %, 2026f
      • Breakdown of Total Transaction Value, by Payment Method Type, in %, 2021
      • Breakdown of Total Transaction Value, by Payment Method Type, in %, 2026f
      • Number of Digital Payment Transactions, in billions, FY 2021-22e & FY 2025-26f
      • Value of Digital Payment Transactions, in INR trillion, FY 2021-22e & FY 2025-26f
      • B2C E-Commerce Payments Value, in USD billion, 2021 & 2025f
      • Payment Methods Preferred in B2C E-Commerce, in % of Online Shoppers, 2021
      • Overview of Selected Functions Available in Leading Mobile Wallet Apps, July 2021
    • 3.3.5. Indonesia
      • Payment Methods Preferred in B2C E-Commerce, in % of Online Shoppers, 2021
      • Number of Mobile Wallet Users, in millions, 2020 & 2025f
      • Number of Mobile Wallet Transactions, in billions, 2020 & 2025f
      • Mobile Wallet Transaction Value, in USD billion, 2020 & 2025f
      • Digital Wallet and Mobile Banking Use, by Generation, in % of Mobile Payment Users, H2 2021
      • Most Used Digital Wallet Platforms, in % of Mobile Payment Users, by Socio-Economic Status, H2 2021
      • Proximity Mobile Payment User Penetration, in % of Smartphone Users, 2021e
    • 3.3.6. Thailand
      • Payment Methods Preferred in B2C E-Commerce, in % of Online Shoppers, 2021
      • Breakdown of Daily Payment Transactions by Payment Method, in %, 2021
      • Number Digital Payment Users, in millions, 2020 & 2021
    • 3.3.7. Vietnam
      • Payment Methods Preferred in B2C E-Commerce, in % of Online Shoppers, 2021
    • 3.3.8. Malaysia
      • Payment Methods Preferred in B2C E-Commerce, in % of Online Shoppers, 2021
      • Card Payment Value, in USD billion, 2021e & 2025f
      • Number of Mobile Wallet Users, in millions, 2020 & 2025f
      • Mobile Wallet Transaction Value, in USD billion, 2020 & 2025f
      • Number of Mobile Wallet Transactions, in billions, 2020 & 2025f
    • 3.3.9. Philippines
      • Card Payment Value, in USD billion, 2022e & 2025f
      • Breakdown of Payment Methods in B2C E-Commerce, in %, 2021