Japan e-commerce Payment Market, Impact of COVID-19, Company Analysis and Forecast 2021-2026
In recent years, the e-commerce payment industry in Japan has been undergoing tremendous growth. It is projected to accelerate as the trend is moving toward mobile purchases and online shopping. Moreover, with the reputation for embracing technology and being at the forefront of digital innovation, Japan's e-commerce payments growth has been accelerated by ease and convenience. As per our analysis, despite Japan's typically rapid adoption of new technologies, mobile commerce payment uptake remains relatively low, accounting for more petite than the e-commerce payment market. An ongoing inclination can describe this for desktops and a large ageing population, which is more reluctant than younger generations to adopt smartphones.
Request a Free Sample Copy of the Report: https://www.renub.com/request-sample-page.php?gturl=japan-e-commerce-payment-market-p.php
By Payment Method, Card, Cash, Bank Transfer, and Digital Wallet have become the most commonly used e-commerce payment mechanisms in Japan. As per our analysis, the card is the most popular online payment method in Japan, with bank transfer the next on the list. Among all the types of cards, credit cards are more likely to be used than debit cards to complete an online shopping transaction. Bank transfers, known as furikomi, are the second-most utilized payment method in Japan. PayEasy, a popular domestic bank transfer service, offers the ability for shoppers to pay at post offices, banks, and automated teller machines in Japan.
In addition, By Segment, the primary five categories contributing to the Japan E-commerce Payment Market are food & personal care, furniture & application, toys, hobby & DIY, electronics & media, and fashion. The e-commerce market in Japan presents an opportunity for international merchants to court an audience with money to pay and an urge for fashion, electronics & media & toys, hobby & DIY. Moreover, Japan's unique online shopping events also boost e-commerce payment growth. Japan's E-commerce Payment Industry is likely to grow at a CAGR of 7.01% from 2020-2026.
The Japanese merchants are adopting on-premise digital payment solutions owing to security-related benefits. The on-premise digital payment solutions help enterprises improve their security level and thereby increase customer satisfaction. Besides, in Japan, numerous platforms are operating through a wide array of products & services. A few names can also be highlighted for especially standing out due to their importance in the Japanese economy. Rakuten Group, Suica, PayPay, Origami, and merPay are some of the few renowned platforms operating in the E-commerce Payment Market. Our research suggests that Japan's E-commerce Payment Industry was US$ 198.36 Billion in 2020.
COVID-19's impact on Japan's e-Commerce payment market:
As the government of Japan has declared a state of emergency due to the pandemic COVID-19, the online payment market in Japan was widely accepted in a rapid accelerated motion since the first half of 2020. Furthermore, with social distancing rules in Japan and the closure of many brick-and-mortar stores, shoppers also embraced online channels even for day-to-day shopping. As Japanese consumers embrace online shopping, the use of electronic payments is expected to rise further as consumers are moving aside from cash-based payments due to fear of getting infected and ease of making transactions.
Renub Research latest report “Japan's E-commerce Payment Market, Forecast Market Analysis (E-Commerce Payment Market and M-Commerce Payment Market), Payment Method (Card, Cash, Bank Transfer, Digital Wallet and Other), By Segment (Food & Personal Care, Furniture & Application, Toys, Hobby, DIY, Electronics & Media and Fashion), Companies (Rakuten Group, Suica, PayPay, Origami, and merPay)” provides a detailed analysis of Japan eCommerce Payment Industry.
Follow the link for the full report with detailed TOC and list of figures and tables: https://www.renub.com/japan-e-commerce-payment-market-p.php
Japan eCommerce Payment Market Analysis has been done from 2 viewpoints:
1. E-Commerce Payment Market
2. M-Commerce Payment Market
Payment Method – Japan Ecommerce Payment Market has been covered from 5 viewpoints:
3. Bank Transfer
4. Digital Wallet
Segment – Japan e-commerce Market has been covered from 5 viewpoints:
1. Food & Personal Care
2. Furniture & Application
3. Toys, Hobby, DIY
4. Electronics & Media
• Recent Development
1. Rakuten Group
Industry Related Reports:
Germany Ecommerce Payment Market: https://www.renub.com/germany-ecommerce-payment-market-p.php
United Kingdom E-Commerce Payment Market: https://www.renub.com/united-kingdom-ecommerce-payment-market-p.php
China E-Commerce Payment Market: https://www.renub.com/china-ecommerce-payment-market-p.php
Global eCommerce Market: https://www.renub.com/global-e-commerce-market-p.php
France Ecommerce Payment Market: https://www.renub.com/france-ecommerce-payment-market-p.php
Japan eCommerce Market: https://www.renub.com/japan-e-commerce-market-p.php
About the Company:
Renub Research is a Market Research and Consulting Company. We have more than 10 years of experience especially in international Business-to-Business Researches, Surveys and Consulting. We provide a wide range of business research solutions that helps companies in making better business decisions. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. Our wide clientele comprises major players in Healthcare, Travel and Tourism, Food & Beverages, Power & Energy, Information Technology, Telecom & Internet, Chemical, Logistics & Automotive, Consumer Goods & Retail, Building, and Construction, & Agriculture. Our core team is comprised of experienced people holding graduate, postgraduate, and Ph.D. degrees in Finance, Marketing, Human Resource, Bio-Technology, Medicine, Information Technology, Environmental Science, and many more. Our research helps to make business decisions: on strategy, organization, operations, technology, mergers & acquisitions etc. We support many blue chip companies by providing them with findings and perspectives across a wide range of markets. Our research reports offer a blend of information insight, analysis, and forecasting that is essential in today's ultra-competitive markets.
Phone No: +1 678-302-0700 (USA) | +91–120–421–9822 (IND)
Follow on Linkedin: https://www.linkedin.com/company/renub-research
Roswell, GA 30076
Japan's E-commerce Payment Industry was US$ 198.36 Billion in 2020. By Payment Method, Segment, Impact of COVID-19, Company Analysis and Forecast 2021-2026.
This release was published on openPR.
Permanent link to this press release:
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 Japan e-commerce Payment Market, Impact of COVID-19, Company Analysis and Forecast 2021-2026 here
News-ID: 2435836 • Views: 262
More Releases from Renub Research
Global Sugar Market is Forecasted to be more than US$ 53 Billion by the end of y …
Globally, sugar refers to a sweet crystalline substance that prepared from sugar cane and sugar beet. Sugar production (whether from cane or beet) is also highly capital intensive, requiring large scale operations to be competitive. Sugar utilised for soft drinks, sweetened beverages, convenience foods, fast food, candy, confectionery, baked products, and other xsweetened foods. Also, sugar used in the distillation of rum. Moreover, sugar is a high profile commodity both
Global Soybean Market is Forecasted to be more than US$ 162.36 Billion by the en …
According to the latest report by Renub Research, titled “Soybean Market & Volume Global Forecast by Consumption, Production, Import, Export Countries, Company Analysis” the Soybean Market will be US$ 162.36 Billion by 2027. Soybean was initially cultivated in China more than 3000 years ago has become a global commodity, with numerous countries directly taking part as importers, exporters or both to international trade flows. Moreover, the industrial and agrarian revolution
Global Soybean Oil Market is Forecasted to be more than US$ 78.99 Billion by the …
According to Renub Research, report “Soybean Oil Market & Volume By Consuming, Producing, Importing, Exporting Country, Company Analysis & Global Forecast” will be US$ 78.99 Billion by the end of 2027. Soybean oil is the second standard utilized vegetable oil across the world. It is a leading oil crop grown globally due to its diverse uses of oil and protein for humans and livestock. Soybean oil is a rich source
Global Refrigerated Transport Market is Forecasted to be more than US$ 25.43 Bil …
Refrigerated transport is a method for shipping temperature-sensitive products in a temperature-controlled environment. The vehicle conveying the products has a built-in refrigeration system, a Transport Refrigeration Unit (TRU), and an insulated body that keeps the food at a set temperature. The set temperatures range from fresh vegetables to +8°C to ice cream at -25°C and range in size from panel vans to 44-tonne trailers. Globally, there are millions of refrigerated
More Releases for Japan
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
Data Lines 2017 Global Market Key Players –Sharp（Japan）, Sony（Japan）, …
Data Lines Market 2017 The global Data Lines 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
Agrochemicals Market in Japan
ReportsWorldwide has announced the addition of a new report title Japan: Agrochemicals: Market Intelligence (2016-2021) to its growing collection of premium market research reports. The report “Japan: Agrochemicals: Market Intelligence (2016-2021)” provides market intelligence on the different market segments, based on type, active ingredient, formulation, crop, and pest. Market size and forecast (2016-2021) has been provided in terms of both, value (000 USD) and volume (000 KG) in the report. A
Consumer Electronics in Japan
Summary Consumer electronics saw annual retail volume decline throughout the review period. This was linked to consumers’ economic uncertainty, population decline and an ongoing shift towards smartphones as an all-in-one device. Smartphones are increasingly used to go online, communicate, play media, capture images and read e-books, with many consumers thus ceasing to buy a wide range of consumer electronics. 2016 however saw the softest retail volume decline of the review period,
Overseas Trade into Japan
Action Storage Systems is actively seeking distributors overseas in an attempt to grow the business in these difficult economic times. In October this year they have set up a new distributor in Japan for the sale of their eXtreme Plastic Lockers®. Koyo specialise in the sale and manufacture of locker systems from their base in Nagano and were established in 1961. Koyo sell throughout Japan and employ fifty sales
Japan Boosts Stimulus
The Bank of Japan has eased monetary policy by expanding asset purchases in a bid to boost growth, and left interest rates unchanged at between zero and 0.1%. The Bank of Japan has eased monetary policy by expanding asset purchases as the yen's strength and slow progress by European leaders in solving the region's debt crisis cloud the outlook for the country's fragile economy. The Bank of Japan (BOJ) has expanded