Sample Report: Asia-Pacific Digital Payments 2025: Payment Methods, Trends, & Consumer Shifts

Description

Region: APAC

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

‍Pages: 120

Publication Date: 18.07.2025

Questions Covered in the report:

• What share of Asia-Pacific POS transactions will be made by digital wallets in 2027?
• What cost savings do Southeast Asian companies expect from AI by 2027?
• What is the projected growth of India’s E-Commerce payments market by 2028?
• What growth is expected in South Korea’s card transaction value by 2028?
• What is the projected size of Japan’s mobile payments market by 2030?

Key Findings:

Mobile Wallets to Surpass Cards by 2027 Across Asia-Pacific, While AI and Regulation Drive Payment Innovation, yStats.com Reports

Mobile Wallets Lead in Key Markets, While Cards and Cash Retain Importance

By 2028, non-cash transactions in Asia-Pacific are projected to reach 1.5 trillion, driven by an over +5% compound annual growth rate (CAGR) from 2023. Digital wallets are expected to account for 66% of POS transactions by 2027, up from 50% in 2023. Markets like China, Indonesia, and South Korea lead mobile wallet adoption, supported by QR code ecosystems, super-app integration, and government-backed digitalization initiatives. Meanwhile, cards continue to dominate in Japan and Australia, where consumer trust, financial infrastructure, and reward programs sustain their popularity. In markets such as Hong Kong, Vietnam, and Malaysia, cash remains significant, especially for offline purchases and cash-on-delivery services, highlighting the coexistence of digital and traditional methods.

Artificial Intelligence Advances Payments, with Regional Differences

AI is increasingly integrated into the payments sector, particularly in fraud detection, credit xaccess, and back-office automation. Visa has invested over USD 3 billion in AI and data infrastructure, launching solutions such as Visa Protect to enhance fraud prevention across card-not-present and real-time payment channels. In Southeast Asia, companies anticipate achieving 7–9% cost savings and up to 9% revenue growth through AI and generative AI by 2027. However, the pace of AI adoption varies across the region, with digitally advanced markets showing stronger momentum.

Regulatory Efforts Enhance Interoperability and Cross-Border Payments
Regulatory initiatives, including India’s global UPI rollout, China’s e-CNY pilots, and Indonesia’s QRIS system, are improving payment interoperability and enabling cross-border transactions in an otherwise fragmented regional environment. These measures are helping align domestic innovations with regional and global commerce opportunities.

Access the Full Report

For a detailed look at consumer payment trends, digital wallet growth, instant payments, and the evolving role of AI and regulation in Asia-Pacific, access the full yStats.com report, Asia-Pacific Digital Payments 2025: Payment Methods, Trends, & Consumer Shifts. Contact press@ystats.com for more information.

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Table of Content:

1.         Key Takeaways

2.         Management Summary

3.             Asia-Pacific Digital Payments Insights and AI Developments

•       Total Non-cash Transactions Volume, in volume billions, 2018 & 2021 - 2024e & 2028f

•       Total B2B Non-cash Transactions Volume, in volume billions, 2018 & 2021 - 2024e & 2028f

•       Payments Revenue Value, in USD trillion, 2013, 2018, 2020 - 2023

•       Payments Revenue by Type, Commercial & Consumer in %, 2018 & 2023

•       Payment Mix of New vs Traditional Payments, in % of Transaction Volume, 2023

•       Top Point-of-Sales Payment Methods, in % of Transaction Value, 2023 - 2027f

•       Share of Payment Revenue Value, in %, 2027f

•       AI Applications in Credit Inclusion, Finance Automation, and Procurement, April 2025

•       AI in Fraud Detection, Real-Time Payment Security, and Biometric Authentication, July 2025

•       AI Integration, Stablecoin Cards, Tokenised Transfers, and Micro-Merchant Access, June 2025

•       Funding for AI-Driven FinTech Companies, in USD billions, 2023-2025f  

•       SEA: Enablers of AI Adoption in E-Commerce and Digital Payments, April 2025

•       SEA: Average Cost Reduction from AI/GenAI, in % of Total Costs, 2023 & 2027

•       SEA: Average Revenue Growth from AI/GenAI, in % Revenue Growth, 2023 & 2027

4.             China Payment Market Overview, Mobile Wallet Use, and Consumer Trends

•       Mobile Wallet Penetration, Digital Infrastructure, and Consumer Adoption, June 2025

•       Mobile Wallet Penetration among Adult Consumers, in %, Q2 2023

•       Mobile Wallet Ownership and Usage, in %, Q2 2023

•       Share of Consumers Using WeChat Pay Daily, in %, 2023

•       WeChat Pay & Alipay Market Share in % and Ecosystem Penetration in Mobile Payments, 2023

•       Share of Consumer Transactions by Payment Method, in %, 2024

•       Development of Online Payment Usage and User Penetration, Dec. 2020 - Dec. 2024

•       Forecasted Payment Market Size, in USD trillions, 2025e & 2030f

•       Card Transaction Value, in USD trillion, 2024 & 2028f

•       Debit Card Transaction Value, in CNY trillions, 2020 - 2028f

•       Credit and Charge Card Transaction Value, in CNY trillions, 2020 - 2028f

5.             Japan Payment Market Overview, Cashless Adoption, and Consumer Preferences

•       Card Payment Market Trends, Cash Usage, and Government Cashless Policy Targets, July 2025

•       Breakdown of Cashless Payments by Method, in %, 2017 - 2024

•       Cashless Payment Ratio, in %, 2017 - 2024

•       Share of Household Adoption of E-Money, in %, 2023

•       Breakdown of Online Shoppers by Payment Method for Internet Transactions, in %, 2024

•       Mobile Payments Market Size, in USD billion, 2025 & 2030f

•       Real-Time Transactions Volume, in billions, 2023 & 2028

•       Cards Transaction Value, in USD billion, 2024 & 2028f

•       Share of Paper-Based Payments, in %, 2023 & 2028f

6.             India Payment Market Overview, Digital Wallet Use, and E-Commerce Payments

•       Share of Consumers Using Digital Wallets for Online and In-Store Purchases, in %, 2023

•       Mobile Wallet Payments, in USD trillion, 2024 & 2028f

•       Share of Electronic Payments Conducted via Real-Time Transactions, in %, 2023

•       Most Frequently Used Online Payment Methods for E-Commerce, in %, 2024

•       Cards Transaction Value, in USD billion, 2024 & 2028f

•       Share of Online Credit Card Transactions Within Total Card Spending, in %, September 2024

•       Share of Online Credit Card Spending, in %, April 2024 - September 2024

7.             South Korea Payment Market Overview, Mobile Payments, and Online Shopping Trends

•       Share of Smartphone Ownership, in %, 2023

•       Share of Digital Transactions via Mobile Devices, in %, 2023

•       Daily Usage Volume of Simple Payment Services, in millions, 2022 & 2023

•       Transaction Value of Simple Payment Services, in USD million, 2022 & 2023

•       Samsung Pay Market Share in Mobile Payments, in % of Total and In-Person Payments, 2023

•       Frequency of Online Shopping Activity, in %, 2024

•       B2C E-Commerce Payment Value, in USD billion, 2024 & 2028f

•       Mobile Payments Market Size, in USD billions, 2024 & 2033f

•       Cards Transaction Value, in USD billion, 2024 & 2028f

8.            Australia Payment Market Overview, Card Transactions, and BNPL Preferences

•       Mobile Wallet Payments, in USD billion, 2024 & 2028f

•       Cards Transaction Value, in USD billion, 2024 & 2028f

•       Share of Gen Z & Y Consumers Who Find BNPL Most Appealing for E-Commerce Payments, in %, 2024

9.           Indonesia Payment Market Overview, E-Wallet Use, and Merchant Payment Trends

•       Cards Transaction Value, in USD billion, 2023 & 2027f

•       Mobile Payments Market Size, in USD billions, 2025e & 2030f

•       Mobile Payments Market Share, by Payment Type, in %, 2024

•       Mobile Payments Market Share, by Application, in %, 2024

•       Share of Consumers by Payment Method Used, in %, 2023

•       Share of Consumers Using E-Wallets for Financial Transactions, in %, 2023

•       Acceptance of Payment Methods Among Merchants, in % of Merchants, 2024

•       Payment Trends Observed by Merchants, in % of Merchants, 2024

•       Payment Initiatives Identified as Critical to Business Strategy, in % of Merchants, 2024

10.          Vietnam Payment Market Overview, E-Wallet Providers, and Merchant Adoption

•       Cards Transaction Value, in USD billion, 2023 & 2027f

•       Market Share of Leading E-Wallet Providers, in %, 2023

•       Acceptance of Payment Methods Among Merchants, in % of Merchants, 2024

•       Payment Trends Observed by Merchants, in % of Merchants, 2024

•       Payment Initiatives Identified as Critical to Business Strategy, in % of Merchants, 2024

11.         Thailand Payment Market Overview, Mobile Wallet Use, and Merchant Initiatives

•       Mobile Wallet Payments, in USD billion, 2024 & 2028f

•       Acceptance of Payment Methods Among Merchants, in % of Merchants, 2024

•       Payment Trends Observed by Merchants, in % of Merchants, 2024

•       Payment Initiatives Identified as Critical to Business Strategy, in % of Merchants, 2024

12.        Singapore Payment Market Overview, Card Transactions, and Merchant Insights

•       Cards Transaction Value, in USD billion, 2024 & 2028f

•       Acceptance of Payment Methods Among Merchants, in % of Merchants, 2024

•       Payment Trends Observed by Merchants, in % of Merchants, 2024

•       Payment Initiatives Identified as Critical to Business Strategy, in % of Merchants, 2024

13.          Philippines Payment Market Overview, Card Transactions, and Merchant Trends

•       Cards Transaction Value, in USD billion, 2024 & 2028f

•       Acceptance of Payment Methods Among Merchants, in % of Merchants, 2024

•       Payment Trends Observed by Merchants, in % of Merchants, 2024

•       Payment Initiatives Identified as Critical to Business Strategy, in % of Merchants, 2024

14.          Malaysia Payment Market Overview, E-Wallet Use, and Card Transactions

•       Cards Transaction Value, in USD billion, 2024 & 2028f

•       Share of Consumers Using E-Wallets by Purchase Type (Online Shopping vs. Food Delivery), in %, 2024

15.           Hong Kong Payment Market Overview, Digital Payment Share, and Market Trends

•       Payment Market Size, in USD trillions, 2025e & 2030f

•       Payment Market Share by Mode (Point of Sale vs. Online Sale), in %, 2024

•       Top Digital Payment Methods for Online Transactions, in % of Respondents, 2023 & 2024

•       Operational Localization, Consumer Preferences, and Regulatory Compliance, July 2025

•       Payment Integration, Merchant Adoption, and Digital Innovation, July 2025

16.         New Zealand Payment Market Overview, Card Transactions, and E-Commerce Payments

•       Cards Transaction Value, in USD billion, 2023 & 2027f

•       Share of Payment Cards in the E-Commerce Market, in %, 2023

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Companies Mentioned:

• Alipay
• WeChat Pay
• MoMo
• Zalopay
• NAPAS
• Bao Kim
• BRI (Bank Rakyat Indonesia)
• Bank Mandiri
• BCA (Bank Central Asia)
• Bank ICBC Indonesia
• Sumitomo Mitsui
• PayPay
• NEC
• DCS Singapore
• StraitsX
• dtcpay
• Maya
• OpenRice
• Woori Card
• Ant Bank (AlipayHK)
• Octopus
• Wonder
• Apple Pay
• Google Pay
• Samsung Wallet
• EFTPOS
• Afterpay
• Visa
• Mastercard
• American Express
• Grab
• Tencent
• LINE Pay
• Lendbuzz
• Upstart
• Scienaptic AI
• Enova
• HighRadius
• Tabs

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