Asia-Pacific Online Payment Methods: Full Year 2017 code:1376

Asia-Pacific Online Payment Methods: Full Year 2017
OVERVIEW
TABLE OF CONTENTS
COMPANIES MENTIONED
Countries Covered: Australia, China, India, Indonesia, Japan, Malaysia, New Zealand, Philippines, Singapore, Taiwan, Thailand, Vietnam
Pages: 140
Publication Date: 19/06/2018
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Questions Covered in the report:
  • What are the key payment trends across Asia-Pacific?
  • How do online payment method preferences vary across 10+ major markets of this region?
  • How important is payment security to digital consumers in this region?
  • What are the leading mobile payment services used by shoppers in Asia-Pacific?
  • What are the prospects of the FinTech industry in Asia compared to other regions?

Key Findings:

Convenience drives mobile payment usage in Asia-Pacific

Digital and mobile wallets have emerged as a leading payment method in Asia-Pacific’s fast growing E-Commerce market. In 2017, they accounted for close to one-half of online retail sales in the region, outpacing payment card. The high share of this method is driven by the dominance of Alipay and WeChat Pay in China, as well as the growth of mobile wallets like Mobikwik and Paytm in India. In advanced economies, such as Japan, South Korea and Australia, credit cards still top the preference ranking of online shoppers, according to information in the yStats.com report, although digital wallet payments are also on the rise in these countries.

Besides E-Wallets, other major alternative payment methods include cash on delivery and bank transfers, both popular among digital consumers in Southeast Asian nations. At the same time, online shopping is driving the use of credit cards in countries such as Indonesia and Vietnam, where consumers see digital purchases as one of the main uses of plastic, as surveys cited in the yStats.com report reveal.

Mobile payments show rapid growth across Asia-Pacific, already the top region worldwide by mobile payment user penetration. The mobile trend is led by China, where QR-based payments are second only to cash when it comes to paying in-store. In Japan also an increasing number consumers show interest in QR code payments. The example of consumers in South Korea shows that mobile wallets are gaining popularity due to the fast payment process and simplicity, although security remains a major concern.

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1. Management Summary

2. Global Developments

  • Payment Methods Preferred in E-Commerce, in % of Online Shoppers, Q1 2017
  • Card Spending, in USD trillion, and Breakdown by POS and E-Commerce, in %, 2015 & 2021f
  • Breakdown of E-Commerce Sales by Payment Methods, in %, 2021f
  • Top Two Payment Methods Preferred in Cross-Border Online Shopping, in % of Cross-Border Online Shoppers, 2016 & 2017
  • Reasons For Not Shopping Online, incl. Payment-Related, in % of Internet Users Who Do Not Shop Online, Q1 2017
  • FinTech Adoption Rate, in % of Internet Users, by Selected Countries, 2017
  • Most Used FinTech Services According to Internet Users, in %, 2017
  • Most Relevant Emerging Technologies for Large FinTech and Financial Companies to Invest In, in % of Respondents in Each Group, April 2017
  • Entities Expected to Be The Most Disruptive in FinTech in the Next Five Years According to Financial Services and FinTech Executives, in %, 2017
  • Top 10 VC-Backed FinTech Unicorns by Valuation, in USD billion, Q3 2017
  • Expected Annual ROI According to Financial Services and FinTech Executives, in %, 2017
  • Mobile Payment User Penetration, in % of Internet Users, by Regions, Q4 2015 & Q2 2017
  • Share of Internet Users Who Are Likely To Use Mobile Payment Next Year, in % of Internet Users, by Selected Countries, Q1 2017
  • Penetration of Bank Account Holders Willing to Share Personal Financial Data with Third-Party Providers to Use Their Services, in %, by Selected Countries, August 2017
  • Breakdown of the Number of Transactions/Purchases by Payment Methods, in %, as Perceived by Businesses and by Consumers, 2016
  • Factors Most Important to Consumers in Deciding to Use Mobile Payments, in %, 2016
  • Share of Internet Users Who Believe That Mobile Payment is Not Secure, in %, October 2016
  • Mobile Payment Security Features Demanded by Consumers and Implemented by Businesses, in %, 2016
  • Attitudes Towards Mobile Payment and Mobile Money, in % of Consumers, by Developed and Developing Markets, 2016
  • Contactless Payment Transaction Value, in USD billion, 2017e & 2019f
  • Number of Contactless Payment Users of Apple Pay, Samsung Pay and Android Pay, in millions, 2015 – 2017e
  • Apple Pay User Penetration Compared to Overall Mobile Payment User Penetration, in % of Internet Users, by Penetrated Markets, Q2 2017

3. Asia-Pacific

3.1.         Regional

  • Breakdown of E-Commerce Sales by Payment Methods, in %, 2017e
  • Breakdown of General Payment Methods Used Most Frequently, in % of Consumers, August 2017
  • Awareness and Usage of New Payment Methods, in % of Consumers, August 2017
  • Rate of Adoption of New Payment Methods, in % of Consumers, by Selected Emerging Markets in Asia, August 2017
  • Top 3 Mobile Payment Services Used by Internet Users, by Selected Countries, incl. India, Indonesia, Philippines, South Korea and Thailand, in % of Internet Users, Q2 2017
  • Top 3 General Non-Cash Payment Methods Preferred by Consumers in Southeast Asia, by Country, 2017
  • Top Considerations in Online Shopping, incl. Payment-Related, in % of Consumers, November 2016
  • Breakdown of the Number of E-Commerce Orders by Payment Methods in Southeast Asia, by Indonesia, Philippines, Singapore and Thailand, in %, March 2017

3.2.         Advanced Markets

3.2.1.     Japan

  • Online and Mobile Payment Trends, January 2018
  • Online and Mobile Payment Trends, August 2017
  • Payment Methods Used in E-Commerce, in % of Online Shoppers, 2016
  • Top 3 Uses of Credit Card, in % of Credit Card Holders, 2016
  • Online Payment Services Market Revenues, in JPY billion, FY 2014 – FY 2021f
  • Awareness and Usage of E-Money Services and Smartphone Payment Services, in % of Smartphone Users, November 2017
  • Mobile Payment User Penetration, in % of Individuals, May 2014, November 2015 & November 2016
  • Reasons For Using Smartphone Payment, in % of Smartphone Payment Users, March 2017
  • Locations of Using Smartphone Payment, in % of Smartphone Payment Service Users, November 2017
  • Share of Smartphone Owners Who Have Used QR Code Payment, in %, and Share of Non-Users Who Would Like to Use It in the Future, in %, October 2017
  • Most Used Smartphone Payment Services, in % of Smartphone Payment Users, November 2017

3.2.2.     South Korea

  • Payment Methods Used in E-Commerce, in % of Online Shoppers, October 2016
  • Payment Methods Used in E-Commerce, in % of Online Shoppers, by PC and Mobile, October 2016
  • Payment Methods Used in Cross-Border E-Commerce, in % of Cross-Border Online Shoppers, October 2016
  • Daily Average Personal Credit Card Payment Value by Major Consumption Types, incl. Online and Home Shopping, in KRW billion, H1 2016 – H1 2017
  • Daily Average Value of Mobile Card Payments, in KRW billion, H1 2015 – H1 2017
  • Top 5 Mobile Payment Services by Payment Volume, in KRW billion, January-August 2017
  • Top 10 General Payment Methods Used, in % of Banked Consumers, H1 2017
  • Proximity Mobile Payment User Penetration, in % of Smartphone Users, 2018f
  • Share of Internet Users Who Have Used Convenient Payment Services, in %, October 2016
  • Breakdown of Preferred Method of Authentication in Convenient Payment Services, in % of Users, October 2016
  • Reasons for Using Convenient Payment Services, in % of Users, October 2016

3.2.3.     Australia

  • Breakdown of Online Payments by Payment Method, in %, 2013 & 2016
  • Breakdown of Online Payments by PC/Tablet and Mobile, in %, 2013 & 2016
  • E-Commerce Sales Shares of Apple Pay and Android Pay, in %, 2017e
  • Breakdown of Card Fraud by Type, incl. Card-Not-Present, in AUD million, 2011 – 2016
  • Share of Individuals Who Experienced Credit Card Fraud After Shopping Online, in %, November 2016
  • Share of In-Person Card Payments Made via Mobile Phone, in %, 2016
  • Smartphone Payment User Penetration, in % of Consumers, May 2017
  • Mobile Contactless Payment Awareness, in % of Individuals, by Total and by Generation, December 2016

3.2.4.     New Zealand

  • Share of Individuals Who Experienced Credit Card Fraud After Shopping Online, in %, November 2016

3.2.5.     Singapore

  • Breakdown of Payment Methods Preferred in Online Shopping, in % of Online Shoppers, 2016
  • Breakdown of Credit Cards Used in Online Shopping, by Credit Card Network and Credit Card Issuer, in % of Online Shoppers Paying with Credit Card, 2016
  • Share of Cards and Digital Wallets in E-Commerce Sales, in %, 2013 & 2017e
  • Share of Credit Card Holders Who Used Mobile Wallets to Make Payments from Credit Card, 2016 & 2017

3.3.         Emerging Markets

3.3.1.     China

  • Online and Mobile Payment Trends, January 2018
  • Online and Mobile Payment Trends, August 2017
  • Breakdown of Payment Methods Used in E-Commerce, in % of Online Shoppers, 2016
  • Number of Online Payment Users, in millions, and Penetration, in % of Internet Users, 2012 – 2016 & June 2017
  • Third-Party Online Payment Volume, in CNY trillion, by Two Comparative Estimates, 2013 – 2019f
  • Third-Party Online Payment Volume, in CNY trillion, by Two Comparative Estimates, Q1 2016 – Q2 2017
  • Breakdown of Third-Party Online Payment GMV by Players, in %, by Two Comparative Estimates, Q2 2017
  • Breakdown of Third-Party Online Payment GMV by Segment, in %, Q2 2017
  • Number of Mobile Payment Users, in millions, and Penetration, in % of Mobile Internet Users, 2014 – 2016 & June 2017
  • Breakdown of Mobile Payment Users by Gender and Age Group, in %, 2015 & 2016
  • Third-Party Mobile Payment Volume, in CNY trillion, by Two Comparative Estimates, 2013 – 2019f
  • Third-Party Mobile Payment Volume, in CNY trillion, by Two Comparative Estimates, Q1 2016 – Q2 2017
  • Breakdown of Third-Party Mobile Payment GMV by Players, in %, by Two Comparative Estimates, Q2 2017
  • Breakdown of Third-Party Mobile Payment, by Type, in %, Q2 2016 – Q2 2017
  • Share of Internet Users Who Use Mobile Payment in Physical Stores, in %, 2016
  • Proximity Mobile Payment Users Number, in millions, and Penetration, in % of Smartphone Users, 2016 -2021f
  • Payment Methods Used for In-Store Purchases, in % of Internet Users, June 2017
  • Selected Mobile Payment Services Used Regularly to Make Payments, in % of Urban Consumers, 2017
  • Payment Transactions Processed via Offline QR Code Scanning, in CNY billion, Q1 2016 – Q1 2017

3.3.2.     Taiwan

  • Payment Methods Used in E-Commerce, in % of Online Shoppers, Q4 2016

3.3.3.     India

  • Payment Methods Used in E-Commerce, in % of Generation Z Online Shoppers, June 2017
  • Share of Urban Online Shoppers Who Switched from Cash on Delivery to Online Payment Methods Following Demonetization, in % of Online Shoppers, 2017
  • Share of Urban Online Shoppers Who Introduced Family or Friends to Cashless Payment Methods After Demonetization, in %, 2017
  • Breakdown Payment Methods Preferred in E-Commerce, in % of Urban Online Shoppers, 2017
  • Payment Methods Preferred When Making Online/Mobile Payments, in % of Urban Internet Users, 2017
  • Number of RuPay Card Transactions, in millions, and Value, in INR billion, by POS and E-Commerce, FY 2014/2015 – FY 2016/2017
  • Share of Digital and Mobile Wallets in E-Commerce Sales, in %, 2013 & 2017e
  • Value of Payment Transactions by Selected Non-Cash Payment Methods, in INR billion, and Volume, in millions, incl. Mobile Wallets, FY 2014-2015 – FY 2016-2017
  • Number of Mobile Payment Transactions, in billions, and Value, in INR trillion, FY 2016 – FY 2022f
  • Breakdown of Mobile Payment Transaction Value by Segment, in %, FY 2017e
  • Number of Mobile Wallet Transactions, in billions, and Value, in INR billion, FY 2016 – FY 2022f
  • Breakdown of Mobile Wallet Transaction Value by Segment, in %, FY 2017e
  • M-Wallet Market Size, in INR billion, FY 2016 – FY 2022f
  • Mobile Wallet Transaction Value, in USD billion, FY 2015 & FY 2017

3.3.4.     Indonesia

  • Top 3 Payment Methods Used in E-Commerce, in % of Internet Users, 2016
  • Credit Card Uses, in % of Banked Adults Interested in Owning a Credit Card, March 2017
  • Breakdown of Main Purposes of Using Online Banking, incl. “Shopping Online”, in % of Users, March 2017
  • Number of E-Money Transactions, in millions, and Value, in IDR billion, 2012 – 2016 & H1 2017
  • Top 10 Mobile Payment Services Used, in % of Mobile Payment Users, September 2017

3.3.5.     Thailand

  • Payment Methods Used in E-Commerce, by Number of Online Shoppers and Percentage of Online Shoppers, Q1 2016
  • Payment Methods Used in E-Commerce, in % of Online Shoppers, July 2017
  • Breakdown of Online Payment Channels Used by SMEs in E-Commerce, in %, 2016
  • Reasons to Choose an E-Commerce Website to Purchase From, incl. Payment-Related, in % of Online Shoppers, June 2017
  • Value of Mobile Payment Transactions, in THB billion, and Volume, in millions, by Bank, Non-Bank and Total, 2011 – 2016

3.3.6.     Vietnam

  • Breakdown of Payment Methods Used in E-Commerce, in % Online Shoppers, August 2016
  • Payment Methods Used in E-Commerce, in % of Online Shoppers, 2015 & 2016
  • Factors Most Important to Online Shoppers When Buying Online, in % of Online Shoppers, 2016
  • Accepted Payment Methods, in % of E-Commerce Companies, 2016
  • Payment Providers Used, in % of E-Commerce Companies Using Payment Providers, 2016
  • Credit Card Uses, in % of Adults, June 2017

3.3.7.     Malaysia

  • Payment Methods Used in E-Commerce, in % of Online Shoppers, February 2017
  • Breakdown of Payment Methods Preferred in Online Shopping, in % of Online Shoppers, November 2016
  • Problems in E-Commerce, in % of Online Shoppers, August 2017

 

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  • Android Inc.
  • Ant Financial Services Group
  • Apple Inc
  • Bao Kim E-Commerce JSC
  • China UMS Co.Ltd.
  • China UnionPay Co Ltd
  • GMO Payment Gateway Inc.
  • Kakao Corp.
  • LINE Corporation
  • MasterCard International Inc
  • National Payments Corporation of India
  • Naver Corporation
  • NganLuong Joint Stock Company
  • One MobiKwik Systems Private Limited
  • PayPal Holdings Inc
  • PayU Group
  • Paytm Mobile Solutions Pvt. Ltd.
  • Rakuten Inc
  • Samsung Co. Ltd.
  • Tencent Holdings Ltd
  • True Corporation Public Company Limited
  • Visa Inc.
Read More

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