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Asia-Pacific P2P Payment Market, By Transaction Mode (Mobile Web Payments, Near Field Communication, SMS/ Direct Carrier Billing, Other Transaction Modes); By Payment Type (Remote, Proximity); By Application (Media & Entertainment, Energy & Utilities, Hea

Publisher BlueWeave Consulting
Published Jan 17, 2023
Length 119 Pages
SKU # BLWC18215396

Description

Asia-Pacific P2P Payment Market, By Transaction Mode (Mobile Web Payments, Near Field Communication, SMS/ Direct Carrier Billing, Other Transaction Modes); By Payment Type (Remote, Proximity); By Application (Media & Entertainment, Energy & Utilities, Healthcare, Retail, Hospitality & Transportation, Other Applications); By End User (Personal, Business); By Country (China, India, Japan, South Korea, Australia & New Zealand, Indonesia, Malaysia, Singapore, Philippines, Vietnam, Rest of APAC); Trend Analysis, Competitive Landscape & Forecast, 2019–2029

Asia-Pacific P2P Payment Market Size Booming at CAGR of 20.2% During 2023–2029

Asia-Pacific P2P payment market is gaining traction because of the expansion of internet banking, increased smartphone adoption, and greater convenience of online payments, which appeal to a younger generation.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, expects Asia-Pacific P2P payment market size to zoom at an impressive CAGR of 20.2% during the forecast period between 2023 and 2029. The expansion of internet banking, increased smartphone adoption, and greater convenience of online payments, which appeal to a younger generation, are all factors in the growth of the Asia-Pacific P2P payment industry. The P2P payments market's competitors are introducing their applications with compelling features and encrypted payments more often in the Asia-Pacific region. The Asia-Pacific P2P payment industry is being driven by apps, such as Kakaopay, Google Pay, PhonePay, PromptPay, and Naver Pay, which have already made their impact on the market and are luring consumers towards P2P payment ecosystem.

Asia-Pacific P2P Payment Market – Overview

Peer-to-Peer (P2P) payments are a method by which a user can send money from his bank account to another person's account using the internet or a mobile device as the digital medium. P2P payments enable users to transfer money quickly while protecting the confidentiality of their bank account information. The recipient's email address or phone number is all that is needed to send a payment; one may add an individual as a contact within the app using one of those details. It is an alternative payment method that enables quicker and more secure transactions.

Asia-Pacific P2P Payment Market – By Application

Based on application, Asia-Pacific P2P payment market is segmented into media & entertainment, energy & utilities, healthcare, retail, hospitality & transportation, and other applications. The retail segment held the highest share of the market in 2022 and is projected to dominate the market during the forecast period as well due to its convenience for both consumers and business owners. P2P payment methods provide several benefits, including quick payments, the convenience of use, no need to carry cash, no worry about theft, elevated client status, and access to exclusive deals.

Impact of COVID-19 on the Asia-Pacific P2P Payment Market

The unprecedented COVID-19 pandemic emerged as a booster for Asia-Pacific P2P payment market. The coronavirus is said to be spread through physical toughness, which means it can be initiated through the transfer of cash hand-to-hand. Although the spending power of consumers declined during the lockdown period, P2P payment apps emerged as a substitute for cash payments for the purchase of essential goods. According to a report published by the World Bank, after the pandemic began, more than 80 million individuals in India and over 100 million adults in China made their first digital merchant payment. As a result, the outbreak is said to provide huge opportunities to the Asia-Pacific P2P payment market during the forecast period.

Competitive Landscape

Major players operating in Asia-Pacific P2P payment market include ACI Worldwide, PayPal, Inc., Novatti Group Ltd, Global Payments Inc., Visa, Stripe, Inc., Google, LLC, Finastra., SAMSUNG, Amazon Web Services, Inc., Financial Software & Systems Pvt. Ltd., Aurus Inc., Adyen, and Fiserv, Inc. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and the Asia-Pacific P2P Payment Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the Asia-Pacific P2P Payment Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

Table of Contents

119 Pages
1. Research Framework
1.1. Research Objective
1.2. Product Overview
1.3. Market Segmentation
2. Executive Summary
3. Asia-Pacific P2P Payment Market Insights
3.1. Industry Value Chain Analysis
3.2. DROC Analysis
3.2.1. Growth Drivers
3.2.1.1. Growth in Adoption of Smart Phones
3.2.1.2. Increasing Internet Adoption
3.2.1.3. Increased Government Support
3.2.2. Restraints
3.2.2.1. Lack of Technical Expertise
3.2.3. Opportunities
3.2.3.1. Technological Advancement
3.2.3.2. Growing Trend of E-Commerce Shopping
3.2.4. Challenges
3.3. Technology Advancements/Recent Developments
3.4. Regulatory Framework
3.5. Porter’s Five Forces Analysis
3.5.1. Bargaining Power of Suppliers
3.5.2. Bargaining Power of Buyers
3.5.3. Threat of New Entrants
3.5.4. Threat of Substitutes
3.5.5. Intensity of Rivalry
4. Asia-Pacific P2P Payment Market
4.1. Market Size & Forecast, 2019–2029
4.1.1. By Value (USD Million)
4.2. Market Share & Forecast
4.2.1. By Transaction Mode
4.2.1.1. Mobile Web Payments
4.2.1.2. Near Field Communication
4.2.1.3. SMS/ Direct Carrier Billing
4.2.1.4. Other Transaction Modes
4.2.2. By Payment Type
4.2.2.1. Remote
4.2.2.2. Proximity
4.2.3. By Application
4.2.3.1. Media & Entertainment
4.2.3.2. Energy & Utilities
4.2.3.3. Healthcare
4.2.3.4. Retail
4.2.3.5. Hospitality & Transportation
4.2.3.6. Other Applications
4.2.4. By End User
4.2.4.1. Personal
4.2.4.2. Business
4.2.5. By Country
4.2.5.1. China
4.2.5.1.1. By Transaction Mode
4.2.5.1.2. By Payment Type
4.2.5.1.3. By Application
4.2.5.1.4. By End User
4.2.5.2. India
4.2.5.2.1. By Transaction Mode
4.2.5.2.2. By Payment Type
4.2.5.2.3. By Application
4.2.5.2.4. By End User
4.2.5.3. Japan
4.2.5.3.1. By Transaction Mode
4.2.5.3.2. By Payment Type
4.2.5.3.3. By Application
4.2.5.3.4. By End User
4.2.5.4. South Korea
4.2.5.4.1. By Transaction Mode
4.2.5.4.2. By Payment Type
4.2.5.4.3. By Application
4.2.5.4.4. By End User
4.2.5.5. Australia & New Zealand
4.2.5.5.1. By Transaction Mode
4.2.5.5.2. By Payment Type
4.2.5.5.3. By Application
4.2.5.5.4. By End User
4.2.5.6. Indonesia
4.2.5.6.1. By Transaction Mode
4.2.5.6.2. By Payment Type
4.2.5.6.3. By Application
4.2.5.6.4. By End User
4.2.5.7. Malaysia
4.2.5.7.1. By Transaction Mode
4.2.5.7.2. By Payment Type
4.2.5.7.3. By Application
4.2.5.7.4. By End User
4.2.5.8. Singapore
4.2.5.8.1. By Transaction Mode
4.2.5.8.2. By Payment Type
4.2.5.8.3. By Application
4.2.5.8.4. By End User
4.2.5.9. Philippines
4.2.5.9.1. By Transaction Mode
4.2.5.9.2. By Payment Type
4.2.5.9.3. By Application
4.2.5.9.4. By End User
4.2.5.10. Vietnam
4.2.5.10.1. By Transaction Mode
4.2.5.10.2. By Payment Type
4.2.5.10.3. By Application
4.2.5.10.4. By End User
4.2.5.11. Rest of APAC
4.2.5.11.1. By Transaction Mode
4.2.5.11.2. By Payment Type
4.2.5.11.3. By Application
4.2.5.11.4. By End User
5. Competitive Landscape
5.1. List of Key Players and Their Offerings
5.2. Asia-Pacific P2P Payment Company Market Share Analysis, 2022
5.3. Competitive Benchmarking, By Operating Parameters
5.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
6. Impact of Covid-19 on Asia-Pacific P2P Payment Market
7. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
7.1. ACI Worldwide
7.2. PayPal, Inc.
7.3. Novatti Group Ltd
7.4. Global Payments Inc.
7.5. Visa
7.6. Stripe, Inc.
7.7. Google, LLC
7.8. Finastra.
7.9. SAMSUNG
7.10. Amazon Web Services, Inc.
7.11. Financial Software & Systems Pvt. Ltd.
7.12. Aurus Inc.
7.13. Adyen
7.14. Fiserv, Inc.
7.15. Other Prominent Players
8. Key Strategic Recommendations
9. Research Methodology
9.1. Qualitative Research
9.1.1. Primary & Secondary Research
9.2. Quantitative Research
9.3. Market Breakdown & Data Triangulation
9.3.1. Secondary Research
9.3.2. Primary Research
9.4. Breakdown of Primary Research Respondents, By Region
9.5. Assumptions & Limitations
*Financial information of case of non-listed companies can be provided as per availability.
**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable
List Of Figures
Figure 1 Asia-Pacific P2P Payment Segmentation
Figure 2 Asia-Pacific P2P Payment Market Value Chain Analysis
Figure 3 Company Market Share Analysis, 2022
Figure 4 Asia-Pacific P2P Payment Market Size, By Value (USD Million), 2019–2029
Figure 5 Asia-Pacific P2P Payment Market Share, By Transaction Mode, By Value, 2019–2029
Figure 6 Asia-Pacific P2P Payment Market Share, By Payment Type, By Value, 2019–2029
Figure 7 Asia-Pacific P2P Payment Market Share, By Application, By Value, 2019–2029
Figure 8 Asia-Pacific P2P Payment Market Share, By End User, By Value, 2019–202
Figure 9 Asia-Pacific P2P Payment Market Share, By Country, By Value, 2019–202
Figure 10 China P2P Payment Market Size, By Value (USD Million), 2019–2029
Figure 11 China P2P Payment Market Share, By Transaction Mode, By Value, 2019–2029
Figure 12 China P2P Payment Market Share, By Payment Type, By Value, 2019–2029
Figure 13 China P2P Payment Market Share, By Application, By Value, 2019–2029
Figure 14 China P2P Payment Market Share, By End User, By Value, 2019–2029
Figure 15 India P2P Payment Market Size, By Value (USD Million), 2019–2029
Figure 16 India P2P Payment Market Share, By Transaction Mode, By Value, 2019–2029
Figure 17 India P2P Payment Market Share, By Payment Type, By Value, 2019–2029
Figure 18 India P2P Payment Market Share, By Application, By Value, 2019–2029
Figure 19 India P2P Payment Market Share, By End User, By Value, 2019–2029
Figure 20 Japan P2P Payment Market Size, By Value (USD Million), 2019–2029
Figure 21 Japan P2P Payment Market Share, By Transaction Mode, By Value, 2019–2029
Figure 22 Japan P2P Payment Market Share, By Payment Type, By Value, 2019–2
Figure 23 Japan P2P Payment Market Share, By Application, By Value, 2019–202
Figure 24 Japan P2P Payment Market Share, By End User, By Value, 2019–2029
Figure 25 South Korea P2P Payment Market Size, By Value (USD Million), 2019–2
Figure 26 South Korea P2P Payment Market Share, By Transaction Mode, By Value, 2019–2029
Figure 27 South Korea P2P Payment Market Share, By Payment Type, By Value, 2019–2029
Figure 28 South Korea P2P Payment Market Share, By Application, By Value, 2019–2029
Figure 29 South Korea P2P Payment Market Share, By End User, By Value, 2019–2029
Figure 30 Australia & New Zealand P2P Payment Market Size, By Value (USD Million), 2019–2029
Figure 31 Australia & New Zealand P2P Payment Market Share, By Transaction Mode, By Value, 2019–2029
Figure 32 Australia & New Zealand P2P Payment Market Share, By Payment Type, By Value, 2019–2029
Figure 33 Australia & New Zealand P2P Payment Market Share, By Application, By Value, 2019–2029
Figure 34 Australia & New Zealand P2P Payment Market Share, By End User, By Value, 2019–2029
Figure 35 Indonesia P2P Payment Market Size, By Value (USD Million), 2019–2029
Figure 36 Indonesia P2P Payment Market Share, By Transaction Mode, By Value, 2019–2029
Figure 37 Indonesia P2P Payment Market Share, By Payment Type, By Value, 2019–2029
Figure 38 Indonesia P2P Payment Market Share, By Application, By Value, 2019–2029
Figure 39 Indonesia P2P Payment Market Share, By End User, By Value, 2019–2029
Figure 40 Malaysia P2P Payment Market Size, By Value (USD Million), 2019–2029
Figure 41 Malaysia P2P Payment Market Share, By Transaction Mode, By Value, 2019–2029
Figure 42 Malaysia P2P Payment Market Share, By Payment Type, By Value, 2019–2029
Figure 43 Malaysia P2P Payment Market Share, By Application, By Value, 2019–2029
Figure 44 Malaysia P2P Payment Market Share, By End User, By Value, 2019–2029
Figure 45 Singapore P2P Payment Market Size, By Value (USD Million), 2019–2029
Figure 46 Singapore P2P Payment Market Share, By Transaction Mode, By Value, 2019–2029
Figure 47 Singapore P2P Payment Market Share, By Payment Type, By Value, 2019–2029
Figure 48 Singapore P2P Payment Market Share, By Application, By Value, 2019–2029
Figure 49 Singapore P2P Payment Market Share, By End User, By Value, 2019–2029
Figure 50 Philippines P2P Payment Market Size, By Value (USD Million), 2019–2029
Figure 51 Philippines P2P Payment Market Share, By Transaction Mode, By Value, 2019–2029
Figure 52 Philippines P2P Payment Market Share, By Payment Type, By Value, 2019–2029
Figure 53 Philippines P2P Payment Market Share, By Application, By Value, 2019–2029
Figure 54 Philippines P2P Payment Market Share, By End User, By Value, 2019–2029
Figure 55 Vietnam P2P Payment Market Size, By Value (USD Million), 2019–2029
Figure 56 Vietnam P2P Payment Market Share, By Transaction Mode, By Value, 2019–202
Figure 57 Vietnam P2P Payment Market Share, By Payment Type, By Value, 2019–2029
Figure 58 Vietnam P2P Payment Market Share, By Application, By Value, 2019–2029
Figure 59 Vietnam P2P Payment Market Share, By End User, By Value, 2019–2029
Figure 60 Rest of APAC P2P Payment Market Size, By Value (USD Million), 2019–2029
Figure 61 Rest of APAC P2P Payment Market Share, By Transaction Mode, By Value, 2019–2029
Figure 62 Rest of APAC P2P Payment Market Share, By Payment Type, By Value, 2019–2029
Figure 63 Rest of APAC P2P Payment Market Share, By Application, By Value, 2019–2029
Figure 64 Rest of APAC P2P Payment Market Share, By End User, By Value, 2019–2029
List Of Tables
Table 1 Asia-Pacific P2P Payment Market Size, By Value (USD Million), 2019–2029
Table 2 Asia-Pacific P2P Payment Market Size, By Transaction Mode, By Value, 2019–2029
Table 3 Asia-Pacific P2P Payment Market Size, By Payment Type, By Value, 2019–2029
Table 4 Asia-Pacific P2P Payment Market Size, By Application, By Value, 2019–2029
Table 5 Asia-Pacific P2P Payment Market Size, By End User, By Value, 2019–2029
Table 6 Asia-Pacific P2P Payment Market Size, By Country, By Value, 2019–2029
Table 7 China P2P Payment Market Size, By Value (USD Million), 2019–2029
Table 8 China P2P Payment Market Size, By Transaction Mode, By Value, 2019–2029
Table 9 China P2P Payment Market Size, By Payment Type, By Value, 2019–2029
Table 10 China P2P Payment Market Size, By Application, By Value, 2019–2029
Table 11 China P2P Payment Market Size, By End User, By Value, 2019–2029
Table 12 India P2P Payment Market Size, By Value (USD Million), 2019–2029
Table 13 India P2P Payment Market Size, By Transaction Mode, By Value, 2019–2029
Table 14 India P2P Payment Market Size, By Payment Type, By Value, 2019–2029
Table 15 India P2P Payment Market Size, By Application, By Value, 2019–2029
Table 16 India P2P Payment Market Size, By End User, By Value, 2019–2029
Table 17 Japan P2P Payment Market Size, By Value (USD Million), 2019–2029
Table 18 Japan P2P Payment Market Size, By Transaction Mode, By Value, 2019–2029
Table 19 Japan P2P Payment Market Size, By Payment Type, By Value, 2019–2029
Table 20 Japan P2P Payment Market Size, By Application, By Value, 2019–2029
Table 21 Japan P2P Payment Market Size, By End User, By Value, 2019–2029
Table 22 South Korea P2P Payment Market Size, By Value (USD Million), 2019–2029
Table 23 South Korea P2P Payment Market Size, By Transaction Mode, By Value, 2019–2029
Table 24 South Korea P2P Payment Market Size, By Payment Type, By Value, 2019–2029
Table 25 South Korea P2P Payment Market Size, By Application, By Value, 2019–2029
Table 26 South Korea P2P Payment Market Size, By End User, By Value, 2019–2029
Table 27 Australia & New Zealand P2P Payment Market Size, By Value (USD Million), 2019–2029
Table 28 Australia & New Zealand P2P Payment Market Size, By Transaction Mode, By Value, 2019–2029
Table 29 Australia & New Zealand P2P Payment Market Size, By Payment Type, By Value, 2019–2029
Table 30 Australia & New Zealand P2P Payment Market Size, By Application, By Value, 2019–2029
Table 31 Australia & New Zealand P2P Payment Market Size, By End User, By Value, 2019–2029
Table 32 Indonesia P2P Payment Market Size, By Value (USD Million), 2019–2029
Table 33 Indonesia P2P Payment Market Size, By Transaction Mode, By Value, 2019–2029
Table 34 Indonesia P2P Payment Market Size, By Payment Type, By Value, 2019–2029
Table 35 Indonesia P2P Payment Market Size, By Application, By Value, 2019–2029
Table 36 Indonesia P2P Payment Market Size, By End User, By Value, 2019–2029
Table 37 Malaysia P2P Payment Market Size, By Value (USD Million), 2019–2029
Table 38 Malaysia P2P Payment Market Size, By Transaction Mode, By Value, 2019–2029
Table 39 Malaysia P2P Payment Market Size, By Payment Type, By Value, 2019–2029
Table 40 Malaysia P2P Payment Market Size, By Application, By Value, 2019–2029
Table 41 Malaysia P2P Payment Market Size, By End User, By Value, 2019–2029
Table 42 Singapore P2P Payment Market Size, By Value (USD Million), 2019–2029
Table 43 Singapore P2P Payment Market Size, By Transaction Mode, By Value, 2019–2029
Table 44 Singapore P2P Payment Market Size, By Payment Type, By Value, 2019–2029
Table 45 Singapore P2P Payment Market Size, By Application, By Value, 2019–2029
Table 46 Singapore P2P Payment Market Size, By End User, By Value, 2019–2029
Table 47 Philippines P2P Payment Market Size, By Value (USD Million), 2019–2029
Table 48 Philippines P2P Payment Market Size, By Transaction Mode, By Value, 2019–2029
Table 49 Philippines P2P Payment Market Size, By Payment Type, By Value, 2019–2029
Table 50 Philippines P2P Payment Market Size, By Application, By Value, 2019–2029
Table 51 Philippines P2P Payment Market Size, By End User, By Value, 2019–2029
Table 52 Vietnam P2P Payment Market Size, By Value (USD Million), 2019–2029
Table 53 Vietnam P2P Payment Market Size, By Transaction Mode, By Value, 2019–2029
Table 54 Vietnam P2P Payment Market Size, By Payment Type, By Value, 2019–2029
Table 55 Vietnam P2P Payment Market Size, By Application, By Value, 2019–2029
Table 56 Vietnam P2P Payment Market Size, By End User, By Value, 2019–2029
Table 57 Rest of APAC P2P Payment Market Size, By Value (USD Million), 2019–2029
Table 58 Rest of APAC P2P Payment Market Size, By Transaction Mode, By Value, 2019–2029
Table 59 Rest of APAC P2P Payment Market Size, By Payment Type, By Value, 2019–2029
Table 60 Rest of APAC P2P Payment Market Size, By Application, By Value, 2019–2029
Table 61 Rest of APAC P2P Payment Market Size, By End User, By Value, 2019–2029
Table 62 ACI Worldwide Company Overview
Table 63 ACI Worldwide Financial Overview
Table 64 PayPal, Inc. Company Overview
Table 65 PayPal, Inc. Financial Overview
Table 66 Novatti Group Ltd Company Overview
Table 67 Novatti Group Ltd Financial Overview
Table 68 Global Payments Inc. Company Overview
Table 69 Global Payments Inc. Financial Overview
Table 70 Visa Company Overview
Table 71 Visa Financial Overview
Table 72 Stripe, Inc. Company Overview
Table 73 Stripe, Inc. Financial Overview
Table 74 Google, LLC Company Overview
Table 75 Google, LLC Financial Overview
Table 76 Finastra. Company Overview
Table 77 Finastra. Financial Overview
Table 78 SAMSUNG Company Overview
Table 79 SAMSUNG Financial Overview
Table 80 Amazon Web Services, Inc. Company Overview
Table 81 Amazon Web Services, Inc. Financial Overview
Table 82 Financial Software & Systems Pvt. Ltd. Company Overview
Table 83 Financial Software & Systems Pvt. Ltd. Financial Overview
Table 84 Aurus Inc. Company Overview
Table 85 Aurus Inc. Financial Overview
Table 86 Adyen Company Overview
Table 87 Adyen Financial Overview
Table 88 Fiserv, Inc. Company Overview
Table 89 Fiserv, Inc. Financial Overview

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