Request Customization - Asia-Pacific Contactless Payment Market Revenue Estimation, 2026

Asia-Pacific Contactless Payment Market Research Report: Forecast (2021-2026)

By Devices (Smartphones, Smart Cards, Point of Sale Terminals, Other), By Technology (NFC, RFID, IR), By End-User (Retail, BFSI, Healthcare, Telecom & IT, Entertainment & Media, Hospitality & Restaura... ... spitality & Restaurant, Transportation, Others), By Country (China, Japan, South Korea, Australia, India, South East Asia, Malaysia, Singapore), By Company (Alipay, Grabpay, Renesas Electronics Corporation, Paytm, Verifone Systems, Inc., Rakuten Pay, INSIDE Secure, Ingenico Group S.A., Gemalto NV, Heartland Payment Systems, IBM Corp., Infineon Technologies AG, Valitor HF, Wirecard AG, Visa Inc. etc.) Read more

FinTech
Dec 2021
Pages 176
Report Format: PDF, Excel, PPT

Market Definition

Contactless payment is a convenient transaction method that allows the user to make payments using Radio Frequency Identification (RFID) technology, without the need to swipe or enter PIN for transactions. Contactless payment offers substantial advantages to consumers & businesses. Some of which include:

Quicker transactions and shorter payment queues
Safer transactions
The flexibility of payment devices
Numerous discounts & loyalty points, etc.

Market Insights

The Asia-Pacific Contactless Payment Market is projected to grow at a CAGR of around 16% during the forecast period, i.e., 2021-26. The market is driven primarily by the facility of contactless payment solutions to offer services like instant money transfer & an efficient alternative for cash-based payments, coupled with the mounting adoption of smartphones and extensively available high-speed data networks.

In addition, the growing e-commerce businesses and the inclination of several countries toward digitalization are other crucial aspects encouraging the use of contactless payments and driving the market. Besides, new offerings like point redemption, loyalty rewards, & other schemes by prominent market players to expand customer base & gain a competitive edge shall also fuel the overall market growth in the coming years.

Moreover, advantages like secure & integrated payments, real-time transaction processing & updates, instant transfers, etc., are encouraging more & more people to adopt contactless payment methods and fuel the market across Asia-Pacific.

Report Coverage	Details
Study Period	Historical Data: 2016-19
	Base Year: 2020
	Forecast Period: 2021-26
CAGR	16%
Countries Covered	China, Japan, South Korea, Australia, India, South East Asia, Malaysia, Singapore
Key Companies Profiled	Alipay, Grabpay, Renesas Electronics Corporation, Paytm, Verifone Systems, Inc., Rakuten Pay, INSIDE Secure, Ingenico Group S.A., Gemalto NV, Heartland Payment Systems, IBM Corp., Infineon Technologies AG, Valitor HF, Wirecard AG, Visa Inc., etc.
Unit Denominations	USD Million/Billion

Impact of Covid-19 on the Asia-Pacific Contactless Payment Market

The Covid-19 had a decelerating impact on most countries across Asia-Pacific. However, the Contactless Payment Market observed an upswing amidst the crisis. The governments imposed stringent movement restrictions & frequent lockdowns to curb the virus spread. Despite this, essential shops & pharmacies were permitted to remain operational.

The severity of the pandemic led to alarming concerns for the virus spread, due to which people retained to touch things, including cash. Consequently, economies observed a change in transaction modes and witnessed an increasing inclination toward contactless payments.

Besides, people working from home also displayed a swift rise in online shopping, using such payment methods, which fueled the demand for transaction mediums like QR code, tap to pay using Near Field Communication (NFC), etc.

Moreover, even with the gradual reduction in the number of Covid-19 cases, a vast majority of consumers are using contactless payment methods to maintain safety & hygiene. Hence, the market is anticipated to gain rapid growth during & even after the pandemic.

Introduction
1. Product Definition
2. Research Process
3. Glossary
4. Market Segmentation
Executive Summary
Market Overview
Impact of COVID-19 on Asia-Pacific Contactless Payments Market
Industry ecosystem analysis
1. Distribution channel analysis
2. Vendor matrix
Technology & innovation landscape
1. Artificial Intelligence (AI)
2. Augmented reality (AR)/Virtual Reality (VR)
3. Biometrics
4. Blockchain
Expert Verbatim- Interview Excerpts of industry experts
Asia-Pacific Contactless Payments Market Outlook, 2016-2026
1. Market Size & Analysis
  1. Revenues
2. Market Share & Analysis
  1. By Devices
    1. Smartphones
    2. Smart Cards
    3. Point of Sale Terminals
    4. Other
  2. By Technology
    1. NFC
    2. RFID
    3. IR
  3. By End User
    1. Retail
    2. BFSI
    3. Healthcare
    4. Telecom & IT
    5. Entertainment & Media
    6. Hospitality & Restaurant
    7. Transportation
    8. Others
  4. By Country
    1. India
    2. China
    3. Australia
    4. South Korea
    5. South East Asia
    6. Japan
    7. Singapore
    8. Malaysia
    9. Others
  5. By Company
    1. Market Shares, By Revenue
    2. Strategic Factorial Indexing
    3. Competitor Placement in MarkNtel Quadrant
3. Market Attractiveness Index
  1. By Device
  2. By Technology
  3. By End User
China Contactless Payments Market Outlook, 2016-2026
1. Market Size & Analysis
  1. Revenues
2. Market Share & Analysis
  1. By Device
  2. By Technology
  3. By End User
India Contactless Payments Market Outlook, 2016-2026
1. Market Size & Analysis
  1. Revenues
2. Market Share & Analysis
  1. By Device
  2. By Technology
  3. By End User
Australia Contactless Payments Market Outlook, 2016-2026
1. Market Size & Analysis
  1. Revenues
2. Market Share & Analysis
  1. By Device
  2. By Technology
  3. By End User
South Korea Contactless Payments Market Outlook, 2016-2026
1. Market Size & Analysis
  1. Revenues
2. Market Share & Analysis
  1. By Device
  2. By Technology
  3. By End User
South East Asia Contactless Payments Market Outlook, 2016-2026
1. Market Size & Analysis
  1. Revenues
2. Market Share & Analysis
  1. By Device
  2. By Technology
  3. By End User
Japan Contactless Payments Market Outlook, 2016-2026
1. Market Size & Analysis
  1. Revenues
2. Market Share & Analysis
  1. By Device
  2. By Technology
  3. By End User
Singapore Contactless Payments Market Outlook, 2016-2026
1. Market Size & Analysis
  1. Revenues
2. Market Share & Analysis
  1. By Device
  2. By Technology
  3. By End User
Malaysia Contactless Payments Market Outlook, 2016-2026
1. Market Size & Analysis
  1. Revenues
2. Market Share & Analysis
  1. By Device
  2. By Technology
  3. By End User
Asia-Pacific Contactless Payments Market Policies, Regulations, Product Standards
Asia-Pacific Contactless Payments Market Trends & Insights
Asia-Pacific Contactless Payments Market Dynamics
1. Growth Drivers
2. Challenges
3. Impact Analysis
Asia-Pacific Contactless Payments Market Hotspots & Opportunities
Asia-Pacific Contactless Payments Market Key Strategic Imperatives for Success & Growth
Asia-Pacific Contactless Payments Market Competition Outlook
1. Competition Matrix
  1. Product Portfolio
  2. Target End Users
  3. Target Market
  4. Research & Development
  5. Manufacturing Unit
  6. Strategic Alliances
  7. Strategic Initiatives
2. Company Profiles of top companies (Business Description, Product Segments, Business Segments, Financials, Strategic Alliances/ Partnerships, Future Plans)
  1. Alipay
  2. GrabPay
  3. Renesas Electronics Corporation
  4. PayTM
  5. Verifone Systems, Inc.
  6. Rakuten Pay
  7. INSIDE Secure
  8. Ingenico Group S.A.
  9. Gemalto Nv
  10. Heartland Payment Systems
  11. Ibm Corp.
  12. Infineon Technologies Ag
  13. Valitor Hf
  14. Wirecard Ag
  15. Visa, Inc.
  16. Giesecke & Devrient Gmbh
Disclaimer

MarkNtel Advisors follows a robust and iterative research methodology designed to ensure maximum accuracy and minimize deviation in market estimates and forecasts. Our approach combines both bottom-up and top-down techniques to effectively segment and quantify various aspects of the market. A consistent feature across all our research reports is data triangulation, which examines the market from three distinct perspectives to validate findings. Key components of our research process include:

1. Scope & Research Design At the outset, MarkNtel Advisors define the research objectives and formulate pertinent questions. This phase involves determining the type of research—qualitative or quantitative—and designing a methodology that outlines data collection methods, target demographics, and analytical tools. They also establish timelines and budgets to ensure the research aligns with client goals.

2. Sample Selection and Data Collection In this stage, the firm identifies the target audience and determines the appropriate sample size to ensure representativeness. They employ various sampling methods, such as random or stratified sampling, based on the research objectives. Data collection is carried out using tools like surveys, interviews, and observations, ensuring the gathered data is reliable and relevant.

3. Data Analysis and Validation Once data is collected, MarkNtel Advisors undertake a rigorous analysis process. This includes cleaning the data to remove inconsistencies, employing statistical software for quantitative analysis, and thematic analysis for qualitative data. Validation steps are taken to ensure the accuracy and reliability of the findings, minimizing biases and errors.

4. Data Forecast and FinalizationThe final phase involves forecasting future market trends based on the analyzed data. MarkNtel Advisors utilize predictive modeling and time series analysis to anticipate market behaviors. The insights are then compiled into comprehensive reports, featuring visual aids like charts and graphs, and include strategic recommendations to inform client decision-making

We’d love to understand what matters most to you.

Name *

Email *

Country *