November 25, 2013
Research and Markets
) has announced the addition of the
"Asia-Pacific Online Payment Methods Report 2013 - First Half 2013"
report to their offering.
Online and mobile payments are increasing in
, with new channels emerging
The recent Asia-Pacific Online Payment Methods Report 2013 - First Half 2013 report by
-based secondary market research company yStats.com provides information about the movement toward online and mobile purchase transactions. The report is based on recently published information from a variety of sources and details the latest trends and news on the topic, with projections of continued growth in the next few years.
Meanwhile, in the
region, mobile payment methods increased in awareness of consumers in 2012, with over two-thirds of those acquainted with the methods willing to use digital wallets and SMS payments in 2013. In
, the e-money market was dominated by payment providers operated by large retailers, banks and mobile operators.
, the e-money grew in popularity as a payment method in online shopping, while card remained the main online payment method. In 2013, financial authorities in
plan to tighten regulations on mobile and online payment market, especially in online gaming.
The total online payment transaction value in
demonstrated strong quarter-on-quarter growth in 2011-2012. Third-party online payments, which are used by around a third of online shoppers in
, were especially on the rise. Also, Alipay launched a mobile wallet application in
, offering online-tooffline payments. In
, direct debit accounted for over a half of B2C E-Commerce payment transactions in 2012.
, credit cards dominated the
online payments market
, while in
mobile payments developed due to increasing share of smartphone users conducting online banking via their mobile devices.