Dublin, April 04, 2024 (GLOBE NEWSWIRE) -- The "Growth Opportunities and Trends in the Asia-Pacific Digital Payment Market-Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.
This analysis examines the market landscape and the available modes of digital payments. Its segmentation covers card payments, online payments, and digital wallets. The report forecasts the payments market size, which is calculated according to the total value of transactions, providing industry stakeholders with an indicative figure of the potential total addressable market.
The growing use of digital payments in Asia-Pacific (APAC) paves the way for innovation and new use cases that address user pain points - payment solutions, such as self-checkout, enhance customer experience while software point-of-sale (softPOS) accelerates the merchant onboarding process. The APAC market will become more aware of the benefits of next-generation technologies in the payments industry since these technologies hold the potential to improve the customer journey experience and elevate cost-saving efficiency.
Governments promote open banking initiatives, fostering open collaboration and facilitating convergence within the payment ecosystem. National strategies often highlight the importance of developing and providing access to next-gen technologies, ensuring that APAC remains competitive and innovative in the global payments market. Governmental support will contribute to the growth trend.
Growing consumer awareness about privacy and fraud pushes users to choose cash-based payment, hindering digital payment demand growth. However, this restraint's impact will decrease in the long term as innovation in fraud prevention and cybersecurity grows and the use of artificial intelligence and machine learning to detect fraud expands.
Growth Opportunity Universe
- AI Integration
- Improving the Cashless Experience with IoT Payments
- Industry-specific Payment Solutions
Top Predictions for 2024
- Top 5 Predictions for 2024
- The Future of APAC Payments
Trends
- Mobile wallets
- BNPL Solutions
- Embedded Finance
- Banking-as-a-service
Key Topics Covered:
Strategic Imperatives
- Why is it Increasingly Difficult to Grow?
- The Strategic Imperative
- The Impact of the Top 3 Strategic Imperatives on the APAC Payment Industry
- Growth Opportunities Fuel the Growth Pipeline Engine
Growth Opportunity Analysis
- Scope of Analysis
- Segmentation
- Key Competitors
- Growth Metrics
- Growth Drivers
- Growth Restraints
- Forecast Assumptions
- Transaction Value Forecast
- Transaction Value Forecast by Segment
- Transaction Value Forecast Analysis
- Pricing Trends and Forecast Analysis
- Competitive Environment
- Revenue Share
Growth Opportunity Analysis: Card Payments
- Growth Metrics
- Card Payment Transaction Value Forecast
- Forecast Analysis
Growth Opportunity Analysis: Online Payments
- Growth Metrics
- Online Payment Transaction Value Forecast
- Forecast Analysis
Growth Opportunity Analysis: Digital Wallets
- Growth Metrics
- Digital Wallet Payment Transaction Value Forecast
- Forecast Analysis
Key Companies to Watch
- Key Companies and Focus Areas
The Last Word
- Conclusions and Recommendations
For more information about this report visit https://www.researchandmarkets.com/r/8cvjw3
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