The Asia Pacific 3D Secure Payment Authentication Market would witness market growth of 12.4% CAGR during the forecast period (2022-2028).
Utilizing technology that is already widely used by online retailers, 3D secure was developed with shopper-friendly difficulties in mind. The use of smartphone features, such as fingerprint scanners or facial ID readers, to authenticate customers is known as biometric challenges.
In order to complete their online transaction, customers are directed to a verification page or pop-up window by 3D Secure Authentication, where they must enter either a password individuals have initially set up with their issuing bank or a one-time authentication code that is delivered to their mobile phone by SMS. A customer can only finish their transaction after having completed this step.
The payment landscape is changing quickly around the world as new, cutting-edge payment systems and tools are frequently released. The rapid growth of e-commerce is what is fueling the industry's expansion. The region's widespread adoption of mobile and internet banking promotes the utilization of digital banking services for retail payments. In addition, the governments of numerous countries are undertaking a number of measures to develop the BFSI business in the region.
The China market dominated the Asia Pacific 3D Secure Payment Authentication Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $182.1 million by 2028. The Japan market is estimated to grow a CAGR of 11.7% during (2022 - 2028). Additionally, The India market would display a CAGR of 13.1% during (2022 - 2028).
Based on Application, the market is segmented into Banks and Merchants & Payment Gateway. Based on Component, the market is segmented into Merchant Plug-in, Access Control Server, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide 3D Secure Payment Authentication Market is Projected to reach USD 2 Billion by 2028, at a CAGR of 11.6%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Mastercard, Inc., Broadcom, Inc. (CA Technologies, Inc.), American Express Company, Visa, Inc., Bluefin Payment Systems LLC, Decta Limited, GPayments Pty Ltd. (Neurocom Group), Modirum, JCB Co., Ltd., and RSA Security LLC (Symphony Technology Group)
By Application
By Component
By Country
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