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Asia-Pacific Online Payment Methods: Full Year 2017

Asia-Pacific Online Payment Methods: Full Year 2017

New yStats.com publication reveals trends in online payments in the Asia-Pacific region

Germany-based secondary market research firm yStats.com’s report “Asia-Pacific Online Payment Methods: Full Year 2017” tells of the growing preference of online shoppers in the Asia-Pacific region to pay for purchases with digital wallets.

E-Commerce in the vast Asia-Pacific region is rapidly expanding, with digital and mobile wallets emerging as the leading payment method in many of the 10 major markets of the region covered in the yStats.com report. They were used for nearly 50% of online purchases in the region last year, accounting for more online sales than credit cards. China’s Alipay and WeChat dominate the digital wallet scene in the region along with upcoming mobile wallets in India. In the more mature economies of Japan, South Korea and Australia, card payments still prevail, but digital methods are increasingly used there, also.

Along with digital wallets, the smartphone or mobile payment also are widely used in the Asia-Pacific region. In fact, this region leads the world in mobile payment penetration, according to information cited in the yStats.com report. QR-based payments are widely used especially in China, rivalling cash for payment in-store.

In addition to the spreading use of digital and mobile wallets, other alternatives to the use of credit card in online purchases in the Asia-Pacific region are cash on delivery and bank transfers. But credit cards are not going away: the increasing penetration of online purchases in Indonesia and Vietnam results in growing use of plastic.


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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