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New Publication Reveals Trends in Online Payments in the Asia-Pacific Region

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

Hamburg, Germany, July 25, 2018 --( 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 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 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.

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Press Contact: GmbH & Co. KG
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Founded in 2005 and headquartered in Hamburg, Germany, is one of the world's leading secondary market research companies. We are committed to providing the most up-to-date and objective data on Global B2C E-Commerce and Online Payment markets to sector-leading companies worldwide.

Our multilingual staff researches, gathers, filters and translates information from thousands of reputable sources to synthesize accurate and timely reports in our areas of expertise, covering more than 100 countries and all global regions. Our market reports focus predominantly on online retail and payments, but also cover a broad range of related topics including M-Commerce, Cross-Border E-Commerce, E-Commerce Delivery, Online Gaming and many others. In addition to our wide selection of market reports, we also provide custom market research services.

We are proud to cooperate with companies like Bloomberg and Thomson Reuters. Given our numerous citations in leading media sources and journals worldwide, including Forbes and the Wall Street Journal, we are considered one of the most highly-reputed international secondary market research companies with an expertise in the areas of B2C E-Commerce and Online Payment.
Contact Information GmbH & Co. KG
YŁcel Yelken
+49 (0)40 39 90 68 50

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