The “Asia-Pacific Payment & E-Commerce Forecasts Snapshot 2018” report has been added to ResearchAndMarkets.com’s offering.
New report contains predictions of cashless economies in the Asia-Pacific region.
The new report, Asia-Pacific Payment & E-Commerce Forecasts Snapshot 2018, cites predictions of rapid growth of digital payments in the Asia-Pacific region. The publication includes forecasts that some nations may become cashless in the next decade.
Shoppers in Asia-Pacific economies accelerate trend to digital payments
With the increase of digital payments in online shopping plus the growing use of mobile payment in-store, some nations in the Asia-Pacific region could become cashless in the next several years. A prediction cited in the report suggests that Australia could be the first cash-free economy, as early as within the next five years. Cashless status is much further out for the emerging economies of the region as well as for Japan.
Payment with mobile devices aids move away from cash
Mobile wallets are increasingly used for payments in-store throughout the Asia-Pacific region. China is a leader in mobile payment adoption, according to the report. In India, where it is expected that in a decade over one-third of retail payments will be electronic, mobile payments contribute to the trend.
Electronic payment growth encouraged by expanding online shopping
Online shoppers increasingly adopt electronic payments methods. The economies of Southeast Asia and India have some of the highest recent growth rates for B2C E-Commerce regionwide, with projection for continued rapid growth. China already is the global leader in online retail sales, as cited in the report. With continued growth of online retail, the adoption of electronic payment methods will expand.
Questions Answered in this Report
- Which of the Asia-Pacific’s markets is the closest to becoming a cashless society?
- What are the projections through digital payments in Asia-Pacific through 2022?
- How are mobile payments expected to evolve across the region?
- What are the forecasts for B2C E-Commerce sales in Asia-Pacific’s top markets?
- How do mobile wallets contribute to the growth of digital payments and E-Commerce in the region?
Key Topics Covered:
1. Management Summary
3. Hong Kong
6. South Korea
- Ant Financial Services Group
- Shenzhen Tenpay Technology Company Limited
For more information about this report visit https://www.researchandmarkets.com/research/xxqrgg/asiapacific?w=4
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