Table of Content

1 Introduction 7
1.1 Industry Definition and Research Scope 7
1.1.1 Industry Definition 7
1.1.2 Research Scope 8
1.2 Research Methodology 11
1.2.1 Overview of Market Research Methodology 11
1.2.2 Market Assumption 12
1.2.3 Secondary Data 12
1.2.4 Primary Data 12
1.2.5 Data Filtration and Model Design 13
1.2.6 Market Size/Share Estimation 14
1.2.7 Research Limitations 15
1.3 Executive Summary 16

2 Market Overview and Dynamics 19
2.1 Market Size and Forecast 19
2.1.1 Impact of COVID-19 on World Economy 20
2.1.2 Impact of COVID-19 on the Market 23
2.2 Major Growth Drivers 25
2.3 Market Restraints and Challenges 31
2.4 Emerging Opportunities and Market Trends 34
2.5 Porter’s Fiver Forces Analysis 38

3 Segmentation of Asia Pacific Market by Component 42
3.1 Market Overview by Component 42
3.2 Solutions 44
3.2.1 Payment Gateway Solutions 46
3.2.2 Payment Processing Solutions 47
3.2.3 Payment Security and Fraud Management Solutions 48
3.2.4 Transaction Risk Management 49
3.2.5 Application Program Interface 50
3.2.6 Other Solutions 51
3.3 Services 52
3.3.1 Professional Services 53
3.3.2 Managed Services 54

4 Segmentation of Asia Pacific Market by Mode of Payment 55
4.1 Market Overview by Mode of Payment 55
4.2 Point of Sale 57
4.3 Banking Cards 58
4.4 Digital Wallet 59
4.5 Net Banking 60
4.6 Crypto Payments 61
4.7 Other Modes of Payment 62

5 Segmentation of Asia Pacific Market by Deployment Type 63
5.1 Market Overview by Deployment Type 63
5.2 On-Premises Deployment 65
5.3 Cloud-based Deployment 66

6 Segmentation of Asia Pacific Market by Industry Vertical 67
6.1 Market Overview by Industry Vertical 67
6.2 BFSI 69
6.3 Retail and E-commerce 70
6.4 Healthcare 71
6.5 Travel and Hospitality 72
6.6 Media and Entertainment 73
6.7 IT & Telecommunication 74
6.8 Transportation and Logistics 75
6.9 Other Industry Verticals 76

7 Segmentation of Asia Pacific Market by Organization Size 77
7.1 Market Overview by Organization Size 77
7.2 Small and Medium-Sized Enterprises 79
7.3 Large Enterprises 80

8 Asia-Pacific Market 2022-2032 by Country 81
8.1 Overview of Asia-Pacific Market 81
8.2 Japan 84
8.3 China 87
8.4 Australia 90
8.5 India 92
8.6 South Korea 94
8.7 Rest of APAC Region 96

9 Competitive Landscape 98
9.1 Overview of Key Vendors 98
9.2 New Product Launch, Partnership, Investment, and M&A 101
9.3 Company Profiles 102
ACI Worldwide Inc. 102
Adyen N.V. 104
Aliant Payment Systems Inc. 105
Alipay.com Co., Ltd. 106
Alphabet Inc. 107
Amazon Payments Inc. (Amazon.com Inc.) 108
Apple Inc. 109
Fiserv Inc. 110
Global Payments Inc. 111
MasterCard Incorporated (MasterCard) 112
Mobiamo Inc. 113
PayPal Holdings Inc. 114
Paytm (One97 Communications limited) 115
Square Inc. 116
Stripe Inc. 117
Visa Inc. 118
Wordplay Inc. (Fidelity National Information Services) 119
RELATED REPORTS 120



List of Figures


Figure 1. Research Method Flow Chart 11
Figure 2. Bottom-up Approach and Top-down Approach for Market Estimation 14
Figure 3. Asia Pacific Market Forecast in Optimistic, Conservative and Balanced Perspectives, 2022-2032 16
Figure 4. Asia Pacific Digital Payments Market, 2022-2032, $ mn 19
Figure 5. Impact of COVID-19 on Business 23
Figure 6. Primary Drivers and Impact Factors of Asia Pacific Digital Payments Market 25
Figure 7. Impact of Technological Innovation on Different Players in the Digital Payment Value Chain 28
Figure 8. World E-commerce Market, 2019-2030, $ bn 30
Figure 9. World Mobile Banking Market, 2019-2030, $ mn 30
Figure 10. Primary Restraints and Impact Factors of Asia Pacific Digital Payments Market 31
Figure 11. Investment Opportunity Analysis 35
Figure 12. Porter’s Fiver Forces Analysis of Asia Pacific Digital Payments Market 38
Figure 13. Breakdown of Asia Pacific Digital Payments Market by Component, 2022-2032, % of Revenue 43
Figure 14. Asia Pacific Addressable Market Cap in 2023-2032 by Component, Value ($ mn) and Share (%) 43
Figure 15. Asia Pacific Digital Payments Market by Component: Solutions, 2022-2032, $ mn 44
Figure 16. Asia Pacific Digital Payments Market by Solutions: Payment Gateway Solutions, 2022-2032, $ mn 46
Figure 17. Asia Pacific Digital Payments Market by Solutions: Payment Processing Solutions, 2022-2032, $ mn 47
Figure 18. Asia Pacific Digital Payments Market by Solutions: Payment Security and Fraud Management Solutions, 2022-2032, $ mn 48
Figure 19. Asia Pacific Digital Payments Market by Solutions: Transaction Risk Management, 2022-2032, $ mn 49
Figure 20. Asia Pacific Digital Payments Market by Solutions: Application Program Interface, 2022-2032, $ mn 50
Figure 21. Asia Pacific Digital Payments Market by Solutions: Other Solutions, 2022-2032, $ mn 51
Figure 22. Asia Pacific Digital Payments Market by Component: Services, 2022-2032, $ mn 52
Figure 23. Asia Pacific Digital Payments Market by Services: Professional Services, 2022-2032, $ mn 53
Figure 24. Asia Pacific Digital Payments Market by Services: Managed Services, 2022-2032, $ mn 54
Figure 25. Breakdown of Asia Pacific Digital Payments Market by Mode of Payment, 2022-2032, % of Sales Revenue 56
Figure 26. Asia Pacific Addressable Market Cap in 2023-2032 by Mode of Payment, Value ($ mn) and Share (%) 56
Figure 27. Asia Pacific Digital Payments Market by Mode of Payment: Point of Sale, 2022-2032, $ mn 57
Figure 28. Asia Pacific Digital Payments Market by Mode of Payment: Banking Cards, 2022-2032, $ mn 58
Figure 29. Asia Pacific Digital Payments Market by Mode of Payment: Digital Wallet, 2022-2032, $ mn 59
Figure 30. Asia Pacific Digital Payments Market by Mode of Payment: Net Banking, 2022-2032, $ mn 60
Figure 31. Asia Pacific Digital Payments Market by Mode of Payment: Crypto Payments, 2022-2032, $ mn 61
Figure 32. Asia Pacific Digital Payments Market by Mode of Payment: Other Modes of Payment, 2022-2032, $ mn 62
Figure 33. Breakdown of Asia Pacific Digital Payments Market by Deployment Type, 2022-2032, % of Sales Revenue 64
Figure 34. Asia Pacific Addressable Market Cap in 2023-2032 by Deployment Type, Value ($ mn) and Share (%) 64
Figure 35. Asia Pacific Digital Payments Market by Deployment Type: On-Premises Deployment, 2022-2032, $ mn 65
Figure 36. Asia Pacific Digital Payments Market by Deployment Type: Cloud-based Deployment, 2022-2032, $ mn 66
Figure 37. Breakdown of Asia Pacific Digital Payments Market by Industry Vertical, 2022-2032, % of Revenue 68
Figure 38. Asia Pacific Addressable Market Cap in 2023-2032 by Industry Vertical, Value ($ mn) and Share (%) 68
Figure 39. Asia Pacific Digital Payments Market by Industry Vertical: BFSI, 2022-2032, $ mn 69
Figure 40. Asia Pacific Digital Payments Market by Industry Vertical: Retail and E-commerce, 2022-2032, $ mn 70
Figure 41. Asia Pacific Digital Payments Market by Industry Vertical: Healthcare, 2022-2032, $ mn 71
Figure 42. Asia Pacific Digital Payments Market by Industry Vertical: Travel and Hospitality, 2022-2032, $ mn 72
Figure 43. Asia Pacific Digital Payments Market by Industry Vertical: Media and Entertainment, 2022-2032, $ mn 73
Figure 44. Asia Pacific Digital Payments Market by Industry Vertical: IT & Telecommunication, 2022-2032, $ mn 74
Figure 45. Asia Pacific Digital Payments Market by Industry Vertical: Transportation and Logistics, 2022-2032, $ mn 75
Figure 46. Asia Pacific Digital Payments Market by Industry Vertical: Other Industry Verticals, 2022-2032, $ mn 76
Figure 47. Breakdown of Asia Pacific Digital Payments Market by Organization Size, 2022-2032, % of Revenue 78
Figure 48. Asia Pacific Addressable Market Cap in 2023-2032 by Organization Size, Value ($ mn) and Share (%) 78
Figure 49. Asia Pacific Digital Payments Market by Organization Size: Small and Medium-Sized Enterprises, 2022-2032, $ mn 79
Figure 50. Asia Pacific Digital Payments Market by Organization Size: Large Enterprises, 2022-2032, $ mn 80
Figure 51. Breakdown of APAC Digital Payments Market by Country, 2022 and 2032, % of Revenue 82
Figure 52. Contribution to APAC 2023-2032 Cumulative Market by Country, Value ($ mn) and Share (%) 83
Figure 53. Digital Payments Market in Japan, 2022-2032, $ mn 85
Figure 54. Digital Payments Market in China, 2022-2032, $ mn 87
Figure 55. Digital Payments Market in Australia, 2022-2032, $ mn 90
Figure 56. Digital Payments Market in India, 2022-2032, $ mn 92
Figure 57. Digital Payments Market in South Korea, 2022-2032, $ mn 94
Figure 58. Digital Payments Market in Rest of APAC, 2022-2032, $ mn 96
Figure 59. Growth Stage of Asia Pacific Digital Payments Industry over the Forecast Period 98

List of Tables



Table 1. Snapshot of Asia Pacific Digital Payments Market in Balanced Perspective, 2022-2032 17
Table 2. World Economic Outlook, 2021-2031 21
Table 3. World Economic Outlook, 2021-2023 22
Table 4. Benefits of Digital Payments 29
Table 5. Main Product Trends and Market Opportunities in Asia Pacific Digital Payments Market 34
Table 6. Asia Pacific Digital Payments Market by Component, 2022-2032, $ mn 42
Table 7. Asia Pacific Digital Payments Market: Solutions by Type, 2022-2032, $ mn 45
Table 8. Asia Pacific Digital Payments Market: Services by Type, 2022-2032, $ mn 52
Table 9. Asia Pacific Digital Payments Market by Mode of Payment, 2022-2032, $ mn 55
Table 10. Asia Pacific Digital Payments Market by Deployment Type, 2022-2032, $ mn 63
Table 11. Asia Pacific Digital Payments Market by Industry Vertical, 2022-2032, $ mn 67
Table 12. Asia Pacific Digital Payments Market by Organization Size, 2022-2032, $ mn 77
Table 13. APAC Digital Payments Market by Country, 2022-2032, $ mn 82
Table 14. Japan Digital Payments Market by Component, 2022-2032, $ mn 86
Table 15. Japan Digital Payments Market by Mode of Payment, 2022-2032, $ mn 86
Table 16. Japan Digital Payments Market by Industry Vertical, 2022-2032, $ mn 86
Table 17. China Digital Payments Market by Component, 2022-2032, $ mn 88
Table 18. China Digital Payments Market by Mode of Payment, 2022-2032, $ mn 88
Table 19. China Digital Payments Market by Industry Vertical, 2022-2032, $ mn 88
Table 20. Australia Digital Payments Market by Component, 2022-2032, $ mn 91
Table 21. Australia Digital Payments Market by Mode of Payment, 2022-2032, $ mn 91
Table 22. Australia Digital Payments Market by Industry Vertical, 2022-2032, $ mn 91
Table 23. India Digital Payments Market by Component, 2022-2032, $ mn 93
Table 24. India Digital Payments Market by Mode of Payment, 2022-2032, $ mn 93
Table 25. India Digital Payments Market by Industry Vertical, 2022-2032, $ mn 93
Table 26. South Korea Digital Payments Market by Component, 2022-2032, $ mn 95
Table 27. South Korea Digital Payments Market by Mode of Payment, 2022-2032, $ mn 95
Table 28. South Korea Digital Payments Market by Industry Vertical, 2022-2032, $ mn 95
Table 29. Digital Payments Market in Rest of APAC by Country/Region, 2022-2032, $ mn 97
Table 30. ACI Worldwide Inc.: Company Snapshot 102
Table 31. ACI Worldwide Inc.: Business Segmentation 103
Table 32. ACI Worldwide Inc.: Product Portfolio 103