Asia-Pacific Online Payment Methods 2020, yStats.com

Asia-Pacific Online Payment Methods 2020 code:1475

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

Pages: 123

Publication Date: 19/03/2020

Download Free Sample

Questions Covered in the report:

Which payment methods are preferred by online shoppers in Asia-Pacific?
How high is the mobile payment penetration across different countries of this region?
Which are the top digital wallets used by consumers in Asia-Pacific?
What are the top digital payment trends in this region?
What is the alternative payments' share of E-Commerce payments in the top markets of Asia-Pacific?

Key findings:

Asia-Pacific has the world’s largest digital payment market

Digital wallets lead in Asia-Pacific’s E-Commerce

Due to the rapid proliferation of digital payment methods and the growth of online shopping, Asia-Pacific’s online and mobile payment market is the world’s biggest, according to the findings of the yStats.com report. China alone accounts for more than a trillion U.S. dollars in E-Commerce payment value, and an even larger mobile payment market. Digital wallets accounted for the highest share of E-Commerce payments in China and for more than one-half of online sales region-wide in 2019. Besides China, these alternative payment methods are also popular in India, Indonesia, Malaysia and other emerging markets across Asia-Pacific, while in the advanced economies of Japan and South Korea, credit cards are the top payment method choice of digital buyers.

Top digital payment trends in Asia-Pacific

Mobile payments are expanding both in advanced and emerging markets of Asia-Pacific. A major mobile trend is the rise of QR-based mobile payments. For example, in Singapore, above one in four consumers used such services in 2019, according to a survey cited in the yStats.com report. Another top trend is the emergence of Buy Now Pay Later (BNPL) payment options. In Australia, BNPL solutions like Afterpay and Zip Pay were known to more than half of all consumers and used by one in ten by the end of 2019. Furthermore, a growing number of Asia-Pacific’s shoppers are using payment features of so-called super apps, i.e. mobile applications that offer digital wallet functions among multiple other services. Examples include WeChat in China and GoJek and Grab in Southeast Asia.

1. Management Summary

2. Global Developments

Payment Methods Preferred in E-Commerce, in % of Online Shoppers, by Selected Regions, January 2019
Share of Online Shoppers Who Had Abandoned a Shopping Cart Due to Their Preferred Payment Method Not Being Offered, in %, January 2019
Share of Mobile Shoppers Who Had Abandoned a Shopping Cart Due to Their Preferred Payment Method Not Being Offered, in %, August 2019
Mobile & Online Remote Payment Value, in USD billion, by Selected Regions, 2024f
Mobile & Online Remote Payment Value, in USD billion, by Digital and Physical Goods, 2024f
Online & Mobile Payment Platform Revenues, in USD billion, 2019e & 2024f
Online Payment Fraud Losses, in USD million, by Segment, 2023f
Online Payment Fraud Prevention Software Spending, in USD billion, 2020f & 2024f
Number of Digital Wallet Users, in billions, 2019e & 2024f
Breakdown of Digital Wallets by Provider’s Main Industry, in %, 2019
Proximity Mobile Payment Users, in billions, and Penetration, in % of Smartphone Users, 2018 – 2023f
Proximity Mobile Payment User Penetration, in % of Smartphone Users, by Selected Countries, 2019e
Value of Mobile Payment Transactions Authenticated via Biometrics, in USD billion, 2019e & 2024f

3. Asia-Pacific

3.1. Regional

Online & Mobile Payment Trends and News About Players, March 2020
Card and Electronic Payment Value, in USD trillion, 2018 & 2024f
Digital Wallets’ Share of E-Commerce and In-Store Sales, in %, 2019

3.2. Advanced Markets

3.2.1. Japan

Payment Methods Used in E-Commerce, in % of Online Shoppers, November 2019
Actions Taken When The Preferred Payment Method is Not Offered, in % of Online Shoppers, November 2019
Online Payment Services Market Revenues, in JPY billion, and Year-on-Year Change, in %, FY 2016 – FY 2023f
General Payment Methods Used, in % of Internet Users, January 2020
Mobile Payment User Penetration, by QR Code Payment and Contactless Payment, in % of Internet Users, January 2020
QR Code Mobile Payment Services, by All Used and Most Used, in % of QR Code Mobile Payment Users, January 2020
Contactless Mobile Payment Services, by All Used and Most Used, in % of Contactless Mobile Payment Service Users, January 2020

3.2.2. South Korea

Breakdown of Payment Methods Used in E-Commerce, in % of Adults, 2019
Payment Methods Used in Online Shopping, in % of Online Shoppers, by PC and Mobile, 2018
Mobile Payment User Penetration, in % of Adults, by Age Group, 2019
Breakdown of Reasons for Using Mobile Payments, in % of Mobile Payment Users, 2019
Breakdown of Frequency of Using Mobile Payments, in % of Mobile Payment Users, 2019
Breakdown of Reasons for Not Using Mobile Payments, in % of Adults Not Using Mobile Payments, 2019
Top Mobile Payment Services by Number of Users, in millions, December 2019

3.2.3. Australia

Breakdown of Card Payments, by Remote and In-Person, in %, June 2019
Average Card Payment Transaction Value, by Remote and In-Person, in AUD, June 2019
Digital Payment User Penetration, by Type, in % of Individuals, December 2018 & December 2019
Awareness and Usage of Buy Now Pay Later Payment Methods, in %, December 2018 & December 2019
Usage of Selected Buy Now Pay Later Services, in % of Individuals, December 2018 & December 2019
Usage of Selected Online Payment Services, in % of Individuals, December 2018 & December 2019
Usage of Selected Mobile Payment Services, in % of Individuals, December 2018 & December 2019

3.2.4. New Zealand

Breakdown of Payment Methods in E-Commerce by Payment Value, in %, 2019e

3.2.5. Singapore

Payment Methods Used in E-Commerce, in % of Online Shoppers, 2019
Digital and Electronic Payment Method Usage, in % of Individuals, 2019
QR Code Mobile Payment Usage, in % of Individuals, by Age Group, 2019

3.3. Emerging Markets

3.3.1. China

Number of Online Payment Users, in millions, and Penetration, in % of Internet Users, 2014 – 2018 & June 2019
E-Commerce Payments Value, in CNY trillion, 2019e-2023f
Breakdown of Payment Methods in E-Commerce by Payment Value, in %, 2019e
Digital Wallets’ Share of E-Commerce and In-Store Sales, in %, 2019
Third-Party Payment Transaction Value, in CNY trillion, by Online & Mobile, Q2 2018 – Q2 2019
Third-Party Mobile Payment Transactions, in CNY trillion, Year-on-Year Change, in %, Q1 2018 – Q2 2019
Breakdown of Third-Party Mobile Payment, by Type, in %, Q1 2018 – Q2 2019
Number of Mobile Payment Users, in millions, and Penetration, in % of Mobile Internet Users, 2014 – 2018 & June 2019
Proximity Mobile Payment Users, in millions, and Penetration, in % of Smartphone Users, 2019e – 2023f
Proximity Mobile Payment User Penetration, in % of Population, 2019e – 2023f
Breakdown of Third-Party Mobile Payment GMV by Players, in %, Q2 2019
Selected Leading Mobile Wallet Apps Used, in % of Internet Users, July 2019
Breakdown of Alipay and WeChat Pay Users, by Gender, Age and Income, in %, 2019
Number of Face Recognition Payment Users, in millions, and Top 5 Usage Scenarios, in % of Users, 2019
Breakdown of Payment Transactions Made by Chinese Tourists While Travelling Overseas, in %, 2018 & 2019

3.3.2. Taiwan

Payment Methods Used in E-Commerce, in % of Online Shoppers, Q4 2018
Mobile Payment User Penetration, by Age Group, in % of Smartphone Users, 2018 & 2019
Mobile Payment Services Used, in % of Users, 2019

3.3.3. Hong Kong

Breakdown of Payment Methods in E-Commerce by Payment Value, in %, 2019

3.3.4. India

E-Commerce Payments Value, in USD billion, 2019e-2023f
Breakdown of Payment Methods in E-Commerce by Payment Value, in %, 2019e
Non-Cash Payment Methods Preferred in E-Commerce, in % of Online Shoppers, January 2019
Key Reasons for Using Digital Payments, in % of Digital Payment Users, by Metro and Non-Metro, 2019e
Mobile Wallet Payment Transaction Value, in INR trillion, 2018 & 2019e
Mobile Wallet User Penetration, in % of Respondents, 2019e
Mobile Wallet Apps Used, in % of Internet Users, July 2019
Overview of Functions Available in Selected Leading Mobile Wallet Apps, July 2019

3.3.5. Indonesia

E-Commerce Payments Value, in IDR trillion, 2018-2023f
Breakdown of Payment Methods in E-Commerce by Payment Value, in %, 2018 & 2019
Payment Methods Preferred in E-Commerce, in % of Online Shoppers, H1 2019
Top Reasons to Shop Online, incl. Payment-Related, in % of Online Shoppers, H1 2019
Digital Wallet Transaction Value, in USD billion, and Breakdown by Sector, in %, 2018 & 2023f
Number of E-Money Instruments Issued, Compared to Number of Credit, ATM and Debit Cards Issued, in millions, 2014-2019
Number of E-Money Transactions, in millions, and Value of E-Money Transactions, in IDR billion, 2014-2019
Digital Wallets’ Share of E-Money Transactions, in %, 2017 & 2018
Digital Wallet App Penetration, in % of Individuals, by Age Group, April 2019
Top 3 Digital Wallet Apps Used, in % of Digital Wallet App Users, by Age Group, April 2019
Proximity Mobile Payment User Penetration, in % of Smartphone Users, 2019e

3.3.6. Thailand

Payment Methods Used in E-Commerce, by Number of Online Shoppers and Percentage of Online Shoppers, Q1 2017 & Q1 2018
Mobile Payment User Penetration, in % of Internet Users, Q4 2018

3.3.7. Vietnam

Payment Methods Used in E-Commerce, in % of Online Shoppers, 2017 & 2018
Accepted Payment Methods, in % of E-Commerce Companies, 2017 & 2018
Payment Providers Used, in % of E-Commerce Companies Using Payment Providers, 2017 & 2018

3.3.8. Malaysia

Payment Methods Used in E-Commerce, in % of Online Shoppers, 2018
Top 5 Third-Party Payment Services Used in E-Commerce, in % of Third-Party Payment Services Users, 2018
Breakdown of Mobile Wallet Adoption, in % of Respondents, 2019
Breakdown of Mobile Wallets Owned, in % of Mobile Wallet Owners, 2019

3.3.9. Philippines

E-Commerce Payments Value, in PHP billion, 2018-2023f
Breakdown of Payment Methods in E-Commerce by Payment Value, in %, 2019

Alipay.com Co. Ltd.
Alphabet Inc.
Apple Inc
Bao Kim E-Commerce JSC
China UnionPay Co Ltd
GoPay LLC
JD.com Inc
Kakao Corp.
LINE Corp
MasterCard International Inc
Naver Corporation
PayPal Holdings Inc
Paytm Mobile Solutions Pvt. Ltd. Pt
Rakuten Inc
Samsung Co. Ltd.
Tencent Holdings Ltd U
Visa Inc.

Single License

One individual may access and download the report

Site License

Up to ten regional employees of an organization may access and download the report

Global License

Up to ten global employees of an organization may access and download the report

Select a License

Quotes of our customers

As a company that operates on a global level, the research results that yStats.com provides represent significant added benefit for us. The comprehensive analyses are executed quickly and flexibly. Furthermore, they are a reliable resource for helping us to make strategic decisions.

Travis Witteveen, Chief Operating Officer Markets and Operations – Avira GmbH Leading European Software Company
The valuable market insights that we obtain from yStats.com’s reports are easy to digest, up-to-date and cost efficient compared to buying multiple reports from elsewhere or researching the data in-house. We really value the regular updates and personalized summaries, as well as access to our dedicated account manager so we can easily ask for further information or clarifications. Searching for topics via the website and then being able to download the reports in PowerPoint as well as PDF formats means the service is extremely easy to use and saves us lots of time.

Rachel Bale, Vice President, Global Merchant Development – Mastercard
For us at Ingenico ePayments, the reports in yStats.com’s Full Access subscription are a great tool to gain insights into the global and regional E-Commerce markets. The accuracy and depth of their data allows for efficient research, even in often very specific payments topics. For us, yStats.com’s products are complementary to in-house and other market data to ensure a more complete view of the global markets.

Gertjan Dewaele, Product Intelligence & Innovation Manager – Ingenico ePayments
yStats.com quickly and flexibly compiles the information we require. Regardless of whether we need local or transnational data, we always get the best results from yStats.com!

Steve Rotter, Vice President of Marketing – Brightcove, Inc.: Leading Online Video Company
The flexibility that yStats.com offers ensures that we always receive analyses, data and reports that match our needs. Fast, objective and to the point!

Iris Stöckl, Director Investor and Public Relations – Wirecard

RELATED REPORTS

Asia Pacific POS Payment Methods 2020 and COVID-19’s Impact

Publication Date: 22/09/2020

Regions Covered: Asia-Pacific

Countries Covered: Australia, China, India, Japan, South Korea

Categories: