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Asia-Pacific Online Payment Methods 2019

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Description

Countries Covered: Australia, China, Hong Kong, India, Indonesia, Japan, Malaysia, New Zealand, Philippines, Singapore, South Korea, Taiwan, Thailand, Vietnam

Pages: 118

Publication Date: 13/02/2019

Questions Covered in the report:

  • What are the top digital payment trends in Asia-Pacific?
  • Which payment methods do consumers in Asia-Pacific prefer when shopping online?
  • How is the adoption of mobile wallets evolving across the region?
  • What is the projected size of the mobile payments market in China and India by 2020?
  • Which E-Wallets are used the most by consumers in Asia-Pacific?

Key findings:

Digital wallets drive away cash in Asia-Pacific payments market

Mobile payments rise in Asia-Pacific

The nations of the Asia-Pacific region are the global leaders in mobile payments. More than one in two smartphone users are expected to pay using a mobile device in 2019, high above the worldwide average, reports yStats.com. In China alone, more than half a billion people use mobile payment services such as Alipay and WeChat Pay to transact in online and brick-and-mortar stores. Even in cash-dominated societies such as India, mobile wallets help to drive the growth of digital payments and reduce the share of cash transactions.

Alternative payment methods dominate in E-Commerce

Due to the growing popularity of digital wallet services, more than 50% of E-Commerce transaction value in Asia-Pacific is attributed to alternative payment methods, according to the data cited in the yStats.com report. Nevertheless, in countries including Japan and South Korea, plastic is still king, with a high usage rate among online shoppers. Other popular online payment methods include bank transfer, which is popular in Indonesia and Thailand among others.

Competition in digital payments intensifies across Asia-Pacific

Amidst digital payment growth, competition among key market players remains intense, heated by an inflow of investment into Asian FinTechs. Despite rivalry from third-party providers, traditional banks and other financial corporations also partake in this digital payments boom, including in Japan and Australia where these institutions have rolled out their own tap & pay and other mobile wallet solutions.

1. Management Summary
2. Global Developments

  • Breakdown of Card Payments by E-Commerce and POS Payments, in %, 2016 & 2022f
  • Payment Methods Accepted in Online Stores, in % of Online Stores, February 2018
  • Reasons For Not Shopping Online, incl. Payment-Related, in % of Internet Users Who Do Not Shop Online, Q1 2017 & Q1 2018
  • Online Payment Fraud Losses, in USD billion, 2018e & 2023f
  • Share of Respondents Who Would be Willing to Use Fingerprint or Other Biometric to Secure Their Payment Details, in %, 2018
  • Mobile Payment User Penetration, by Region, in % of Internet Users, Q4 2017
  • Proximity Mobile Payment User Penetration, by Region, in % of Smartphone Users, 2017-2022f
  • Top 10 Countries by Proximity Mobile Payment User Penetration, in % of Smartphone Users, 2019f
  • Share of Internet Users Who Are Likely To Use Mobile Payment Next Year, in % of Internet Users, by Region, Q1 2017 & Q1 2018
  • Share of Internet Users Who Are Likely To Use Mobile Payment Next Year, in % of Internet Users, by Selected Countries, Q1 2018
  • Mobile Wallet User Penetration, in % of Respondents, by China, Germany, India, Taiwan, the USA and the UK, 2018
  • Number of Contactless Payment Users of Apple Pay, Samsung Pay, Google Pay and Other OEM Pay, in millions, 2018e & 2020f
  • Retail Spending at Frictionless Payment Stores, in USD million, 2018e & 2023f
  • IoT Payments, in USD billion, 2018e & 2023f
  • IoT Payments, in USD billion, by Connected Car and Connected Home Device Payments, 2021f

3. Asia-Pacific

3.1. Regional

  • Online and Mobile Payment Trends and News about Players, February 2019
  • Breakdown of E-Commerce Sales by Payment Methods, in %, Q1 2017 & Q1 2018
  • Proximity Mobile Payment User Penetration, by Selected Countries and Total, in % of Smartphone Users, 2017-2022f
  • Digital Payment Service Penetration in Southeast Asia, in % of Respondents, by Country, Q2 2018

3.2. Advanced Markets
3.2.1. Japan

  • Online Payment Services Market Revenues, in JPY billion, and Year-on-Year Change, in %, FY 2015 – FY 2022f
  • Payment Methods Used in E-Commerce, in % of Online Shoppers, 2016 & 2017
  • Cashless Transactions Share of Total Payment Transactions, in %, Compared to Regional, 2022f
  • Share of Smartphone Owners Who Have Used QR Code Payment, in %, January 2019
  • Proximity Mobile Payment User Penetration, in % of Smartphone Users, 2018e & 2022f
  • Proximity Mobile Payment Transaction Value, in JPY trillion, and Year-on-Year Change, in %, FY 2017 – 2023f
  • Share of Smartphone Owners Who Started to Use a New Mobile Payment Service in 2018, in %, and Top 15 Mobile Payment Services that Smartphone Owners Started to Use, in of %, November 2018
  • Locations of Using Mobile Payment, in % of Mobile Payment Service Users, by Rural and Urban, May 2018
  • Top 10 Mobile Payment Services Used, in % of Mobile Payment Users, June 2018

3.2.2. South Korea

  • Payment Methods Used in E-Commerce, in % of Online Shoppers, 2016 & 2017
  • Payment Methods Used in E-Commerce, in % of Online Shoppers, by PC and Mobile, September 2017
  • Daily Average Personal Credit Card Payment in Online and Mail Orders, in KRW billion, H1 2016 – H1 2018
  • Cashless Transactions Share of Total Payment Transactions, in %, Compared to Regional, 2022f
  • Proximity Mobile Payment User Penetration, in % of Smartphone Users, 2017-2022f
  • Overview of Four Selected Leading Mobile Payment Services, incl. Provider, Launch Date, Channels, Number of Users and Cumulative Transaction Value, 2018
  • Top 3 Preferred Method of Authentication in Convenient Payment Services, in % of Users, September 2017

3.2.3. Australia

  • Breakdown of E-Commerce Transactions by Payment Method, in %, April 2018
  • Breakdown of Card Payment Fraud by Type, incl. Card-Not-Present, in AUD million, 2012 – 2017
  • Cashless Transactions Share of Total Payment Transactions, in %, Compared to Regional, 2022f
  • Top Mobile Payment Services Used to Pay In-Store, in % of Respondents, 2017 & 2018
  • Number of Users of Digital Payment Services, in thousands, and Penetration, in % of Population, 12 Months to March 2018

3.2.4. New Zealand

  • Cashless Transactions Share of Total Payment Transactions, in %, Compared to Regional Average, 2022f
  • Breakdown of Expectations of The Time When New Zealand Will Become a Cashless Society, in %, June 2018

3.2.5. Singapore

  • Cashless Transactions Share of Total Payment Transactions, in %, Compared to Regional, 2022f
  • Mobile Payment Transaction Value, in USD billion, 2016 & 2021f

3.3. Emerging Markets
3.3.1. China

  • Breakdown of E-Commerce Sales by Payment Methods, in %, Q1 2017 & Q1 2018
  • Breakdown of Frequency of Using Selected Third-Party Payment Services Compared to Online and Mobile Banking Services, in % of Active Users of Each Service, August 2018
  • Top Uses of Third-Party Payment Services, in % of Users, August 2018
  • Top 5 Third-Party Payment Services, in % of Users, August 2018
  • Number of Online Payment Users, in millions, and Penetration, in % of Internet Users, 2014 – 2017 & June 2018
  • Third-Party Online Payment Transaction Value, in CNY trillion, Q1 2016 – Q3 2018
  • Top 5 Third-Party Online Payment Providers by Market Share, in %, Q3 2017 & Q3 2018
  • Third-Party Mobile Payment Transaction Value, in CNY trillion, Q1 2016 – Q3 2018
  • Number of Mobile Payment Users, in millions, and Penetration, in % of Mobile Internet Users, 2014 – 2017 & June 2018
  • Proximity Mobile Payment Users Number, in millions, and Penetration, in % of Smartphone Users, 2017 – 2022f
  • Third-Party Mobile Payment Transaction Value, in CNY trillion, 2015 – 2020f
  • Top 3 Third-Party Mobile Payment Providers by Market Share, in %, Q3 2017 & Q3 2018
  • Payment Methods Used by Chinese Tourists During Overseas Travel, in % of Chinese Tourists Travelling Overseas, 2017 & 2018
  • Usage of Mobile Payment by Chinese Tourists During Overseas Travel, by Destination Country, in % of Chinese Travelers to Each Destination, October 2018
  • Attitude Towards Selected Technologies in Retail, in % of Urban Online Shoppers, May 2018
  • Cashless Transactions Share of Total Payment Transactions, in %, Compared to Regional, 2022f

3.3.2. Hong Kong

Share of Bank Customers Frequently Using Mobile Payment Services, in %, January 2018
Breakdown of Main Mobile Wallets Used, in % of Mobile Payment Users, January 2018

3.3.3. Taiwan

  • Mobile Payment User Penetration, in % of Smartphone Users, 2017 & 2018
  • Mobile Payment Usage Locations, in % of Mobile Payment Users, Q3 2018
  • Breakdown of Most Used Mobile Payment Services, in % of Mobile Payment Users, Q3 2018

3.3.4. India

  • Top 3 Payment Methods Preferred in E-Commerce, in % of Online Shoppers, June 2018
  • Breakdown of E-Commerce Sales by Payment Methods, in %, Q1 2017 & Q1 2018
  • Proximity Mobile Payment Users Number, in millions, and Penetration, in % of Smartphone Users, 2017 – 2022f
  • Cashless Transactions Share of Total Payment Transactions, in %, Compared to Regional, 2022f
  • Digital Payments, in USD billion, FY 2018e & FY 2023
  • Mobile Payments, in USD billion, FY 2018e & FY 2023
  • Mobile Wallets Transaction Value, in INR trillion, and Year-on-Year Growth Rate, in %, 2016 – 2021f
  • Top Mobile Wallets Used, in % of Young Urban Mobile Wallet Users, March 2018

3.3.5. Indonesia

  • Payment Methods Used in E-Commerce, in % of Online Shoppers, September 2018
  • Number of E-Money Transactions, in millions, and Value, in IDR billion, 2012 – 2018e
  • E-Money Usage Cases, in % of Mobile Users, by Gender, January 2018
  • Most Used E-Money Services, in % of Mobile Users, January 2018
  • Mobile Payment App User Penetration, in % of Internet Users, 2017
  • Mobile Payment Transaction Value, in IDR trillion, 2016 – 2020f

3.3.6. Thailand

  • Payment Methods Used in E-Commerce, by Number of Online Shoppers and Percentage of Online Shoppers, Q1 2017 & Q1 2018
  • Value of Mobile Payment Transactions, in THB billion, and Volume, in millions, by Bank, Non-Bank and Total, 2011 – 2017
  • Cashless Transactions Share of Total Payment Transactions, in %, Compared to Regional, 2022f

3.3.7. Vietnam

  • Breakdown of Payment Methods Used in Latest Online Purchase, in % Online Shoppers, November 2018
  • Payment Methods Used in E-Commerce, in % of Online Shoppers, 2016 & 2017
  • Factors Most Important to Online Shoppers When Buying Online, in % of Online Shoppers, 2017
  • Accepted Payment Methods, in % of E-Commerce Companies, 2016 & 2017
  • Payment Providers Used, in % of E-Commerce Companies Using Payment Providers, 2017
  • Non-Cash Payment Methods Used, in % of Banked Consumers, H1 2017 & H1 2018
  • FinTech Market Value, in USD billion, 2017 & 2020f
  • Breakdown of FinTech Industry by Segments, in %, 2017 & 2025f

3.3.8. Malaysia

  • Number of E-Money Transactions in millions, and Value, in MYR billion, 2013 – 2018
  • Non-Cash Payment Methods Used, in % of Individuals Using Non-Cash Payment Methods, 2018

3.3.9. Philippines

  • Payment Methods/ Channels Usage, by Type of Payments, incl. Personal Purchases, in % of Adults, February 2018
  • Payment Account Ownership, incl. E-Money Account, in % of Adults, February 2018
  • Frequency of Account Usage and Mode of Transactions, by Payment Method, incl. E-Money, in % of Adults, February 2018
  • Top 6 E-Payment Providers, by Awareness, in % of Adults, February 2018
  • Digital Wallet Transaction Value, in USD million, 2018f & 2021f
  • Cashless Transactions Share of Total Payment Transactions, in %, Compared to Regional Average, 2022f
  • Alipay.com Co. Ltd.
  • Bao Kim E-Commerce JSC
  • GoPay LLC
  • JD.com Inc
  • LINE Corp
  • Naver Corporation
  • PayPal Holdings Inc
  • Pt Mandiri Finance Indonesia
  • Samsung Co. Ltd.
  • Tencent Holdings Ltd
  • Visa Inc.
  • Apple Inc
  • China UnionPay Co Ltd
  • Google LLC
  • Kakao Corp.
  • MasterCard International Inc
  • NganLuong Joint Stock Company
  • Paytm Mobile Solutions Pvt. Ltd.
  • Rakuten Inc
  • Suning.com Co. Ltd.
  • UnionPay International Co. Ltd

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