Asia-Pacific Mobile Payments

Spearheading Cashless Societies
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Published: 27 Sep 2016

Countries within Asia-Pacific are trying to go cashless; mobile payment has been identified as an ideal solution to spearhead the transformation from cash-based to cashless solutions. Asia-Pacific is expected to continue to lead the world in mobile payment developments with smartphone penetration being the highest in the world. With standardization and increasing the openness of countries towards FinTech, competition will increase as barriers to market entry are lowered. This study is based on primary interviews in combination with extensive secondary research. It covers Asia-Pacific trends and details updates within developed and developing countries. The time frame is from 2015 to 2021, of which the forecast period is from 2017 to 2021.

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