openPR Logo
Press release

Credit Cards Number one Online Payment Method in Asia-Pacific Region

09-11-2012 03:01 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: ystats.com Gmbh & Co. KG

yStats.com Logo

yStats.com Logo

The "Asia-Pacific Online Payment Methods 2012" report by yStats.com – Hamburg-based secondary market research specialist – analyzes recent developments in E-Commerce payment methods, first for the entire region and then separately for 7 countries in the Asia-Pacific region. Additionally, the report features the most important trends and the latest news for 9 payment companies in these markets.

With the exception of China and Thailand, in 2012, credit cards were the most popular payment method in the Asia-Pacific region. Nonetheless, many consumers in this region do not place their confidence in online payment methods due to safety concerns and mistrust of online retailers.

Predominance of Credit Cards in Japan and Third-Party Payments in China
In Japan, every resident had on average more than six credit cards in 2011, which was the most popular online payment option there. Japan is the largest online shopping market in the Asia-Pacific region, which could have been one of the reasons for PayPal to enter the market via a joint venture with Japanese Softbank in May 2012. So-called third-party payments, where a third party acts as a middleman, are especially popular in China, with Alipay accounting for the biggest market share in this sector.

Popularity of PayPal in Asia-Pacific Region soars
According to the "Asia-Pacific Online Payment Methods 2012" report by yStats.com, in 2011, credit cards were the most frequently used E-Commerce payment method in South Korea, followed by bank transfers. In India, neither E-Commerce nor online payment methods are widespread, while many banks in Vietnam have been partnering with online payment providers in 2012. Since July 2012, PayPal has also been active in Malaysia, where the company began offering mobile payment options in cooperation with Malaysia Airlines for flight bookings. In Australia, PayPal was the most popular online payment method in 2011, ahead of credit card payments.

The development of online payment markets in the Asia-Pacific region varies widely. Whereas credit cards and third-party payments are very popular in many countries, in other countries, such as India, online payment methods do not yet play a significant role.

About yStats.com
yStats.com has been committed to research up-to-date, objective and demand-based data on markets and competitors for top managers from various industries since 2005. Headquartered in Hamburg, Germany, the firm has a strong international focus and is specialized in secondary market research. In addition to offering reports on markets and competitors, yStats.com also carries out client-specific research. Clients include leading global enterprises from various industries including B2C E-Commerce, electronic payment systems, mail order and direct marketing, logistics, as well as banking and consulting.

Press Contact:
yStats.com GmbH & Co. KG
Behringstrasse 28a, D-22765 Hamburg
Phone: +49 (0)40 - 39 90 68 50
Fax: +49 (0)40 - 39 90 68 51
E-Mail: press@ystats.com
Internet: www.ystats.com
Twitter: www.twitter.com/ystats
Facebook: www.facebook.com/ystats

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Credit Cards Number one Online Payment Method in Asia-Pacific Region here

News-ID: 232101 • Views:

More Releases from ystats.com Gmbh & Co. KG

The global B2C E-Commerce market is expected to double from 2022 to 2025: New report from yStats.com
The global B2C E-Commerce market is expected to double from 2022 to 2025: New re …
[Hamburg, Germany - September 14, 2023] - The latest release from Hamburg-based market research company yStats.com, titled "Global B2C E-Commerce Market 2023," provides an overview of global trends in the B2C E-Commerce market and insights into the growth potential of various markets through key figures, forecasts, and trends. B2C E-Commerce market initially experiences strong growth followed by a moderate growth outlook. While the world witnessed a boom in online shopping during the
B2C E-Commerce sales in Eastern Europe projected to rise in 2019, reports yStats.com
B2C E-Commerce sales in Eastern Europe projected to rise in 2019, reports yStats …
yStats.com, Hamburg-based desk research firm specialized in E-Commerce & Online Payment market intelligence, has released a new publication: “Eastern Europe B2C E-Commerce Market 2019”. According to this report’s findings, online retail sales in the countries of Eastern Europe are expected to maintain double-digit growth in 2019. More consumers in Eastern Europe shop online Online shopper penetration is on the rise across Eastern Europe, but remains behind that of Western Europe. In the
New report from yStats.com suggests continued expansion of online retail in Vietnam
New report from yStats.com suggests continued expansion of online retail in Viet …
A recent publication from Hamburg-based business intelligence company yStats.com, “Vietnam B2C E-Commerce Market 2019,” projects continued strong growth of the online retail sector in the Southeast Asia nation through the middle of the next decade. Factors contributing to the growth include the entry of regional and global online merchants in Vietnam, plus the growing Internet connectivity through mobile phones. Online retail sales year on year to increase at a double-digit
Online retail sales in Thailand projected to continue strong growth: yStats.com report
Online retail sales in Thailand projected to continue strong growth: yStats.com …
The latest publication from Hamburg-based research firm yStats.com, “Thailand B2C E-Commerce Market 2019,” reveals the expectation of continued year-to-year online retail sales increases. Thailand’s mobile and social shopping trends make it one of the leaders in the region in total web-base sales. Internet connection increase and social media shopping result in more online shoppers Thailand’s constant rate of growth of internet connectivity and the growing comfort of connected individuals in making purchases

All 5 Releases


More Releases for Japan

Japan Agriculture Market, Japan Agriculture Industry, Japan Agriculture Livestoc …
The agriculture sector is a very significant sector in Japan. Agriculture sector exists in every part of country, but is especially essential on the northern island of Hokkaido that accounts for approximately 10% of national production. Modern methods such as commercial fertilizers, hybrid seeds, insecticides, and machinery, have been used so efficiently in farming. Japan is the second major agricultural product importer in the world (after the U.S.). Almost all
Car Navigation ECU Market 2019: Top Key Players are AW Software (Japan), Contine …
Car Navigation ECU Market 2019 Report analyses the industry status, size, share, trends, growth opportunity, competition landscape and forecast to 2025. This report also provides data on patterns, improvements, target business sectors, limits and advancements. Furthermore, this research report categorizes the market by companies, region, type and end-use industry. Get Sample Copy of this Report@ https://www.researchreportsworld.com/enquiry/request-sample/13844912 Global Car Navigation ECU market 2019 research provides a basic overview of the industry
Global Car Navigation ECU Market Outlook to 2023 – AW Software (Japan), Contin …
An automotive navigation system is part of the automobile controls or a third party add-on used to find direction in an automobile and the ECU is the core part control it. Car Navigation typically uses a satellite navigation device to get its position data which is then correlated to a position on a road. According to this study, over the next five years the Car Navigation ECU market will register a
Global Car Navigation Parts Market Research Report 2019-2025  | Global Key Play …
This research report titled “Global Car Navigation Parts Market” Insights, Forecast to 2025 has been added to the wide online database managed by Market Research Hub (MRH). The study discusses the prime market growth factors along with future projections expected to impact the Car Navigation Parts Market during the period between 2018 and 2025. The concerned sector is analyzed based on different market factors including drivers, restraints and opportunities in
Polyphenylene Sulfide (PPS) Global Market 2018 Top Key Players – Celanese (USA …
Global Polyphenylene Sulfide (PPS) Market WiseGuyRerports.com Presents “Global Polyphenylene Sulfide (PPS) Market Outlook 2016-2021” New Document to its Studies Database. The Report Contain 132 Pages With Detailed Analysis. Description Polyphenylene sulfide (PPS) is an organic polymer consisting of aromatic rings linked with sulfides. Synthetic fiber and textiles derived from this polymer are known to resist chemical and thermal attack. PPS is used to make filter fabric for coal boilers, papermaking felts, electrical insulation,
Lawn Mower 2017 Global Market Key Players –Makita(Japan), RYOBI(Japan), Hitach …
Lawn Mower Market 2017 The global Lawn Mower market is valued at XX million USD in 2016 and is expected to reach XX million USD by the end of 2022, growing at a CAGR of XX% between 2016 and 2022. Japan plays an important role in global market, with market size of xx million USD in 2016 and will be xx million USD in 2022, with a CAGR of xx%. This report studies