Dublin, March 18, 2024 (GLOBE NEWSWIRE) -- The "Asia-Pacific Digital Commerce Market Insights and Payment Innovations 2024" report has been added to ResearchAndMarkets.com's offering.
The commerce landscape in Asia-Pacific is witnessing an increase in non-cash transactions, livestreaming retail, and a strong presence in digital payments
According to the report, the Asia-Pacific region is poised for significant growth in non-cash transactions, with projections exceeding 1.2 trillion transactions by 2027. Livestreaming retail and social commerce sales are expected to see remarkable growth alongside this surge in transactions. Omnichannel commerce trends indicate a rising preference for in-store pick-up and increased online retail sales of physical goods.
Short video livestreaming is also emerging as a popular method for online shopping experiences. Asia-Pacific leads in digital transactions, supported by government initiatives aimed at boosting economic growth and financial inclusion. B2C E-Commerce payment values are forecasted to grow at a CAGR of around +6.5%, while Buy Now Pay Later (BNPL) schemes are expected to surpass EUR 330 billion by 2028.
The Asia-Pacific region experiences rising real-time, integrated, and in-car transactions alongside online security concern
Real-time transactions are on the rise, especially in China, with a projected CAGR of over +10% from 2022 to 2027. Japan's Zengin system showcases early adoption and ongoing improvements in payment infrastructure. Both countries are witnessing a shift towards integrated payment methods, with mobile payments dominating offline purchases in China and increased adoption of QR code and contactless payments in Japan.
Additionally, in-car payment services are gaining momentum in the Asia-Pacific region through collaborations between automotive and payment sectors. Despite digital advancements, concerns regarding fraud and security persist, particularly in online payments, with notable rates reported in Taiwan and China.
The report also explores emerging digital commerce sectors like digital health and gaming, offering insights into evolving market trends and significant growth opportunities.
Key Questions Answered:
- What trends & innovations are shaping the Digital Commerce landscape in Asia-Pacific?
- What volume of non-cash transactions is expected in the Asia-Pacific region by 2027?
- How is livestreaming retail expected to evolve in the Asia-Pacific market by 2027?
- What is the projected growth rate of B2C E-Commerce payment value in the Asia-Pacific region?
- How are concerns regarding online fraud and security addressed in the Asia-Pacific region?
- Which country leads in real-time transactions, and what is its forecasted CAGR from 2022 to 2027?
Key Topics Covered:
1. Management Summary
2. Asia-Pacific Digital Commerce Overview
2.1. B2C E-Commerce
2.1.1. Asia-Pacific Regional
- Total Non-Cash Transaction Volume, in trillions, 2024f & 2027f
- B2B E-Commerce Non-Cash Transaction Volume, in billions, 2024f & 2027f
- Livestreaming Retail E-Commerce Sales, in USD billion, in % of Year-On-Year Change, 2023e-2027f
- Social Commerce Sales, in USD billion, in % of Year-On-Year Change, 2023e-2027f
- Breakdown of Retail E-Commerce Market, by Country, in %, 2022
- Top 10 Retailers, incl. "Online Retailers", by Retail Sales Value, in USD billion, 2022
2.1.2. Southeast Asia Regional
2.1.3. SEA, South Korea & Japan
2.1.4. China
2.1.5. Japan
2.1.6. South Korea
2.1.7. India
2.1.8. Australia
2.1.9. Indonesia
2.1.10. Taiwan
2.2. Omnichannel Commerce Trends
2.2.1. Southeast Asia Regional
2.2.2. China
2.2.3. Japan
2.2.4. South Korea
2.2.5. Australia
2.2.6. India
2.2.7. Philippines
2.3. Luxury Fashion Online Recommerce
2.3.1. China
2.3.2. Japan
3. Emerging Trends in Asia-Pacific Digital Payments
3.1. In-Car Payment
3.1.1. Asia-Pacific Regional
3.1.2. Southeast Asia Regional
3.1.3. China
3.1.4. Japan
3.1.5. South Korea
3.2. Real-Time Payment
3.2.1. China
3.2.2. India
3.2.3. Japan
3.2.4. South Korea
3.2.5. Australia
3.2.6. Singapore
3.2.7. Thailand
3.2.8. Malaysia
3.2.9. Philippines
3.2.10. Sri Lanka
3.3. Online Payment Methods
3.3.1. Asia-Pacific Regional
- Overview of the Online and Mobile Payment Trends, September 2023
- B2C E-Commerce Payment Value, in USD trillion, 2023e & 2027f
- BNPL Payment Value, in USD billion, 2023e & 2028f
3.2. China
3.3.3. Japan
3.3.4. South Korea
3.3.5. Australia
3.3.6. New Zealand
3.3.7. Singapore
3.3.8. Taiwan
3.3.9. Hong Kong
3.3.10. India
3.3.11. Indonesia
3.3.12. Thailand
3.3.13. Vietnam
3.3.14. Malaysia
3.3.15. Philippines
3.4. POS Payment Methods
3.4.1. Asia-Pacific Regional
3.4.2. China
Further sections include the following:
- Trends in Asia-Pacific Digital Payments; POS Payment Methods in South Korea, Australia and India.
- BNPL in APAC, Southeast Asia, China, Japan, Australia, New Zealand, India and Singapore.
- Fraud and Security in Online Payments in APAC and Australia.
- Digital Payment Forecasts in APAC, Southeast Asia, Japan, Indonesia and Singapore.
- Diverse Digital Commerce Sectors in APAC; Digital Health in APAC, China and India.
- Digital Gaming in APAC, China, Japan, South Korea, India and Indonesia.
A selection of companies mentioned in this report includes
- ACO Tech
- Alibaba Group
- Amazon
- Apple
- ATLAS Pay
- Au Pay
- Brand Off
- Chanel
- Cluse
- Douyin
- DuitNow
- Feiyu
- Hermes
- JD.com
- JustPay
- LankaPay
- Lazada
- Line Pay
- LinkAja
- Louis Vuitton
- MerPay
- Meta
- Microsoft
- Nvidia
- Ottocash
- PayPay
- Pinduoduo Inc
- Plum
- Porsche Park Pay
- Rakuten Pay
- Reclo
- Rolex
- Seven Payment Service
- Shein
- Shopee
- Sony
- Sumitomo Corp
- Taobao and Tmall
- Temu
- Tencent
- TikTok
- Tokopedia
- Vodafone
- Walmart Inc
- Zengin
For more information about this report visit https://www.researchandmarkets.com/r/3c00jk
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