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Asia-Pacific Online Payment Methods: First Half 2017

Asia-Pacific Online Payment Methods: First Half 2017

A global survey cited in the yStats.com report highlights how China, India and Indonesia ranked first in the world for share of Internet users who show an interest for mobile payments in early 2017. The mobile payment volume in China is forecasted to reach new heights this year. Alipay and WeChat Pay, third party mobile payment providers, are benefitting both from this massive interest in mobile payments in the country as well as through their expansions abroad to reach Chinese customers travelling across Asia and Europe. In South Korea and Australia, two examples of advanced markets, payment via mobile is also increasing, championed by aspects such speed and convenience.

Customers throughout Asia-Pacific have shown variations regarding their preferred payment methods. During online shopping, credit card ranks first in Japan and South Korea and card payments made up almost half of the total digital payments in 2016 in Australia, according to the yStats.com report. Meanwhile, digital buyers in China use E-Wallets more than cards to make payments, while Southeast Asian consumers prefer bank transfer and cash on delivery in E-Commerce.

Despite these advances to online and mobile payments, consumers from Asia-Pacific still regard safety as their top priority when buying digitally. Over half of South Korean mobile payment users safeguard their transactions with a password and a single-digit share utilize biometrics like fingerprint scans. Across the globe, about one-third of customers surveyed relayed that payment security is the most important regarding the use of mobile payments.


1. Management Summary
2. Global Developments
Payment Methods Preferred in E-Commerce, in % of Online Shoppers, Q1 2017
Reasons For Not Shopping Online, incl. Payment-Related, in % of Internet Users Who Do Not Shop Online, Q1 2017
Card Spending, in USD trillion, and Breakdown by POS and E-Commerce, in %, 2015 & 2021f
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
Share of Internet Users Who Are Likely To Use Mobile Payment in the Next Year, in % of Internet Users, by Selected Countries, Q1 2017
Attitudes Towards Mobile Payment and Mobile Money, in % of Consumers, by Developed and Developing Markets, 2016
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
Mobile Payment Security Features Demanded by Consumers and Implemented by Businesses, in %, 2016
Entities Expected to Be The Most Disruptive in FinTech in the Next Five Years According to Financial Services and Fintech Executives, in %, 2017
Expected Annual ROI According to Financial Services and Fintech Executives, in %, 2017
3. Asia-Pacific
3.1. Regional
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
Top 3 Payment Activities on Mobile Phones, in % of Internet Users in Southeast Asia, by Indonesia, Malaysia, Philippines, Singapore and Thailand, August 2016
3.2. Advanced Markets
3.2.1. Japan
Online and Mobile Payment Trends, August 2017
Top 3 Uses of Credit Card, in % of Credit Card Holders, 2016
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
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
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 the Number of Consumer Payments by Channels, in %, 2013 & 2016
Share of Individuals Who Experienced Credit Card Fraud After Shopping Online, in %, November 2016
Breakdown of Card Fraud by Type, incl. Card-Not-Present, in AUD million, 2011 - 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
3.3. Emerging Markets
3.3.1. China
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
Third-Party Online Payment Volume, in CNY trillion, by Two Comparative Estimates, Q1 2016 – Q1 2017
Third-Party Online Payment Volume, in CNY trillion, by Two Comparative Estimates, 2013 - 2019f
Breakdown of Third-Party Online Payment GMV by Players, in %, by Two Comparative Estimates, Q1 2017
Breakdown of Third-Party Online Payment GMV by Segment, in %, Q1 2017
Number of Mobile Payment Users, in millions, and Penetration, in % of Mobile Internet Users, 2014 - 2016
Share of Internet Users Who Use Mobile Payment in Physical Stores, in %, 2016
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, Q1 2016 – Q1 2017
Third-Party Mobile Payment Volume, in CNY trillion, by Two Comparative Estimates, 2013 - 2019f
Breakdown of Third-Party Mobile Payment GMV by Players, in %, by Two Comparative Estimates, Q1 2017
Breakdown of Third-Party Mobile Payment GMV by Segment, in %, Q1 2017
3.3.2. Taiwan
Categories of Products and Services Paid for In-Store Using Mobile Payment Systems, in % of Users, October 2016
3.3.3. India
Breakdown of Payment Methods Used in M-Commerce, in % of Mobile Shoppers, 2016
Payment Methods Used in E-Commerce, in % of Generation Z Online Shoppers, June 2017
Number of RuPay Card Transactions, in millions, and Value, in INR billion, by POS and E-Commerce, 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
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
3.3.5. Thailand
Payment Methods Used in E-Commerce, by Number of Online Shoppers and Percentage of Online Shoppers, Q1 2016
Value of Mobile Payment Transactions, in THB billion, and Volume, in millions, by Bank, Non-Bank and Total, 2011 – 2016
3.3.6. 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
3.3.7. Malaysia
Breakdown of Payment Methods Preferred in Online Shopping, in % of Online Shoppers, November 2016
3.3.8. Vietnam
Breakdown of Payment Methods Used in E-Commerce, in % Online Shoppers, August 2016
Credit Card Uses, in % of Adults, June 2017

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