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

Best Price Guarantee	Length	Publisher	Published Date	SKU
from $3,450	120 Pages	yStats.com	July, 2025	YST20208066

Best Price Guarantee
Price	from $3,450
Length	120 Pages
Publisher	yStats.com
Published Date	July, 2025
SKU	YST20208066

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

Digital Wallets Take the Lead, but Traditional Payments Persist

Asia-Pacific’s non-cash payments are on track to reach 1.5 trillion by 2028, driven by over +5% annual growth. Mobile wallets are expected to cover 66% of POS transactions by 2027, led by China, Indonesia, and South Korea. Yet, cards remain popular in Japan and Australia, and cash continues to play a key role in places like Hong Kong and Vietnam, especially for in-person and delivery purchases.

AI Gains Ground in Payments, Though Progress Varies

AI is becoming central to payment systems, particularly in areas like fraud detection and credit services. Visa’s USD 3 billion investment has led to tools like Visa Protect, improving security for online and instant payments. Southeast Asia sees big potential, aiming for up to 9% revenue growth by 2027, though AI’s rollout isn’t uniform across all markets.

Cross-Border Payments Strengthened by Regulatory Moves

Regional regulators are pushing for better payment integration, with India’s UPI, China’s e-CNY, and Indonesia’s QRIS helping improve cross-border flow. These efforts are connecting local innovations to wider regional and international payment ecosystems.

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