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Asia-Pacific Top 10 Mobile Wallet Profiles 2019

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Description

Countries Covered: Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan

Pages: 64

Publication Date: 26/03/2019

Questions Covered in the report:
How is the mobile payment market evolving across Asia-Pacific?
Which countries of this region are leading in mobile payment adoption rate?
What are the top mobile wallets in the countries of Asia-Pacific?
How do Alipay, Kakao Pay, LINE Pay, WeChat Pay and others stack up in different countries?
How do they differ in coverage and functionalities?

Key findings:

Mobile wallets flourish in Asia-Pacific

Asia-Pacific tops the world in mobile wallet adoption

Asia-Pacific is the world leader when it comes to the adoption of mobile payments. In 2019, more than one in two smartphone users in this region are expected to make contactless mobile payments in-store, according to a forecast cited in the yStats.com report. The number of mobile wallets in China from providers such as Alipay and WeChat Pay surpassed half a billion people in 2017 and is projected to remain on the growth path through 2022. Another fast growing market for mobile wallets in Asia-Pacific is India. The value of mobile wallet transactions is projected to more than double between 2018 and 2021, benefitting the top competitors such as Paytm and PhonePe.

Local mobile wallet solutions are growing across the region

Japan has lagged behind the countries such as China, India and South Korea in terms of mobile wallet adoption, but has shown some improvement in the recent years, as reported in yStats.com’s publication. The number of QR-based wallet users in this country is projected to see strong double-digit growth rates through 2021 and companies such as Rakuten, LINE, SoftBank and Yahoo! Japan have already embarked on this emerging opportunity. Furthermore, the ASEAN countries are also gradually adopting digital wallets. The trend is championed by popular ride-hailing services such as GrabTaxi and GO-JEK, which both launched their own mobile wallets.

1. Mobile Wallet Market & Rankings

1.1. Global

  • Proximity Mobile Payment User Penetration, by Region, incl. Asia-Pacific, in % of Smartphone Users, 2017-2022f

1.2. Asia-Pacific Regional

  • Proximity Mobile Payment User Penetration, by Australia, China, India, Indonesia, Japan, and South Korea, in % of Smartphone Users, 2017-2022f

1.3. China

  • Number of Mobile Payment Users, in millions, and Penetration, in % of Mobile Internet Users, 2014 – 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
  • Breakdown of Frequency of Using Mobile Payments, in % of Users, 2018
  • Payment Methods Used by Chinese Tourists During Overseas Travel, in % of Chinese Tourists Travelling Overseas, 2017 & 2018
  • Top 5 Third-Party Payment Services, in % of Users, August 2018
  • Top 3 Third-Party Mobile Payment Providers by Market Share, in %, Q3 2018

1.4. Hong Kong

  • Share of Bank Customers Frequently Using Mobile Payment Services, in %, January 2018
  • Top 2 Mobile Wallets Used by Retail Banking Customers, in %, December 2018

1.5. 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

1.6. Japan

  • 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 Have Used QR Code Payment, in %, January 2019
  • Mobile Payment Users, by E-Money and QR-based Smartphone Payments, in millions, FY 2016 – FY 2021f
  • Locations of Using Mobile Payment, in % of Mobile Payment Service Users, by Rural and Urban, May 2018
  • 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
  • Top 10 Mobile Payment Services Used, in % of Mobile Payment Users, June 2018
  • Top 10 QR-Based Mobile Payment Services, in % of Users, December 2018

1.7. South Korea

  • 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

1.8. Australia

  • Number of Users of Digital Payment Services, in thousands, and Penetration, in % of Population, 12 Months to March 2018
  • Top Mobile Payment Services Used to Pay In-Store, in % of Respondents, 2017 & 2018
  • Breakdown of E-Commerce Transactions by Payment Method, in %, April 2018

1.9. India

  • Proximity Mobile Payment Users Number, in millions, and Penetration, in % of Smartphone Users, 2017 – 2022f
  • 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
  • Number of App Downloads of Selected Mobile Wallets, in millions, August 2018

1.10. Indonesia

  • Mobile Payment App User Penetration, in % of Internet Users, 2017
  • Mobile Payment Transaction Value, in IDR trillion, 2016 – 2020f
  • 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

1.11. Singapore

  • Mobile Payment Transaction Value, in USD billion, 2016 & 2021f

1.12. Malaysia

  • Non-Cash Payment Methods Used, in % of Individuals Using Non-Cash Payment Methods, 2018
  • Number of E-Money Transactions, in millions, and Value, in MYR billion, 2013 – 2018
  • Top 5 E-Wallet Services Used, in % of Users, October 2018

1.13. Philippines

  • Digital Wallet Transaction Value, in USD million, 2018f & 2021f

2. Top 10 Mobile Wallet Profiles

  • Profile of Alipay, February 2019
  • Profile of WeChat Pay, February 2019
  • Profile of Rakuten Pay, February 2019
  • Profile of LINE Pay, February 2019
  • Profile of Samsung Pay, February 2019
  • Profile of Kakao Pay, February 2019
  • Profile of Paytm, February 2019
  • Profile of PhonePe, February 2019
  • Profile of GrabPay, March 2019
  • Profile of GO-PAY, March 2019

 

  • Ant Financial Services Group
  • GrabTaxi Holdings Pte. Ltd.
  • LINE Pay Corporation
  • PhonePe Private Limited
  • Samsung Pay Inc
  • GO-JEK Indonesia PT
  • Kakao Pay Corp.
  • One 97 Communications Ltd.
  • Rakuten Inc
  • Tenpay Payment Technology Co. Ltd

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