The Asia Pacific Mobile Wallet Market would witness market growth of 27.5% CAGR during the forecast period (2022-2028).
Nowadays, NFC technology is present in the majority of smartphones and other mobile devices. With the iPhone 6, Apple Pay has been a feature of iPhones. Quick Access Wallet is a feature of all Android phones, while Samsung Pay is preinstalled on all Samsung phones. Although the built-in features on smartphone, third-party mobile wallets also have gained a lot of traction.
With mobile wallets, fraud cases like identity theft are more difficult to start. Mobile phones are not as simple to steal as credit cards, which may quickly be copied or stolen. If a fingerprint scanner, facial recognition software, or access password is implemented on the smartphone, it could be difficult for thieves to use it. The keys in mobile wallets could also be encrypted. Mobile wallets are helpful for retail establishments that process a lot of transactions each day since they shorten wait & payment times. This benefits the client as well as the company.
The Government of India's main initiative, the Digital India programme, aims to make India into a knowledge-based society and economy. One of the purported roles of Digital India is to be "Paperless, Faceless, and Cashless." The Government of India has given the promotion of digital payments top importance in an effort to formally include all facets of the nation in the use of these services. The goal is to make seamless digital payment available to all Indian people in a way that is practical, simple, affordable, rapid, and secure.
The China market dominated the Asia Pacific Mobile Wallet Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $3,336.1 million by 2028. The Japan market is exhibiting a CAGR of 26.7% during (2022 - 2028). Additionally, The India market would experience a CAGR of 28.3% during (2022 - 2028).
Based on Technology, the market is segmented into Proximity and Remote. Based on Application, the market is segmented into Retail & E-commerce, Hospitality & Transportation, Banking, Vending Machine, 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 Mobile Wallet Market is Projected to reach USD 30.2 Billion by 2028, at a CAGR of 27%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Apple, Inc., Samsung Electronics Co., Ltd. (Samsung Group), Google LLC, Amazon Web Services, Inc. (Amazon.com, Inc.), PayPal Holdings, Inc., Ant Group (Alipay) (Alibaba Holding), AT&T, Inc. (AT&T Intellectual Property), Mastercard, Inc., Visa, Inc., and American Express Company.
Scope of the Study
Market Segments Covered in the Report:
By Technology
By Application
- Retail & E-commerce
- Hospitality & Transportation
- Banking
- Vending Machine
- Others
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Apple, Inc.
- Samsung Electronics Co., Ltd. (Samsung Group)
- Google LLC
- Amazon Web Services, Inc. (Amazon.com, Inc.)
- PayPal Holdings, Inc.
- Ant Group (Alipay) (Alibaba Holding)
- AT&T, Inc. (AT&T Intellectual Property)
- Mastercard, Inc.
- Visa, Inc.
- American Express Company
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Mobile Wallet Market, by Technology
1.4.2 Asia Pacific Mobile Wallet Market, by Application
1.4.3 Asia Pacific Mobile Wallet Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.2.4 Geographical Expansions
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2018-2022)
3.3.2 Key Strategic Move: (Partnerships, Collaborations & Agreements: 2019, Dec – 2022, Aug) Leading Players
Chapter 4. Asia Pacific Mobile Wallet Market by Technology
4.1 Asia Pacific Proximity Market by Country
4.2 Asia Pacific Remote Market by Country
Chapter 5. Asia Pacific Mobile Wallet Market by Application
5.1 Asia Pacific Retail & E-commerce Market by Country
5.2 Asia Pacific Hospitality & Transportation Market by Country
5.3 Asia Pacific Banking Market by Country
5.4 Asia Pacific Vending Machine Market by Country
5.5 Asia Pacific Others Market by Country
Chapter 6. Asia Pacific Mobile Wallet Market by Country
6.1 China Mobile Wallet Market
6.1.1 China Mobile Wallet Market by Technology
6.1.2 China Mobile Wallet Market by Application
6.2 Japan Mobile Wallet Market
6.2.1 Japan Mobile Wallet Market by Technology
6.2.2 Japan Mobile Wallet Market by Application
6.3 India Mobile Wallet Market
6.3.1 India Mobile Wallet Market by Technology
6.3.2 India Mobile Wallet Market by Application
6.4 South Korea Mobile Wallet Market
6.4.1 South Korea Mobile Wallet Market by Technology
6.4.2 South Korea Mobile Wallet Market by Application
6.5 Singapore Mobile Wallet Market
6.5.1 Singapore Mobile Wallet Market by Technology
6.5.2 Singapore Mobile Wallet Market by Application
6.6 Malaysia Mobile Wallet Market
6.6.1 Malaysia Mobile Wallet Market by Technology
6.6.2 Malaysia Mobile Wallet Market by Application
6.7 Rest of Asia Pacific Mobile Wallet Market
6.7.1 Rest of Asia Pacific Mobile Wallet Market by Technology
6.7.2 Rest of Asia Pacific Mobile Wallet Market by Application
Chapter 7. Company Profiles
7.1 Apple, Inc.
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Regional Analysis
7.1.4 Research & Development Expense
7.1.5 Recent strategies and developments:
7.1.5.1 Product Launches and Product Expansions:
7.1.5.2 Acquisition and Mergers:
7.1.6 SWOT Analysis
7.2 Samsung Electronics Co., Ltd. (Samsung Group)
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Segmental and Regional Analysis
7.2.5 Recent strategies and developments:
7.2.5.1 Partnerships, Collaborations, and Agreements:
7.2.5.2 Product Launches and Product Expansions:
7.2.6 SWOT Analysis
7.3 Google LLC
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Segmental and Regional Analysis
7.3.4 Research & Development Expense
7.3.5 Recent strategies and developments:
7.3.5.1 Product Launches and Product Expansions:
7.3.5.2 Business Expansions:
7.3.6 SWOT Analysis
7.4 Amazon Web Services, Inc. (Amazon.com, Inc.)
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Segmental Analysis
7.4.4 Recent strategies and developments:
7.4.4.1 Partnerships, Collaborations, and Agreements:
7.4.4.2 Product Launches and Product Expansions:
7.4.4.3 Acquisitions and Mergers:
7.4.4.4 Geographical Expansions:
7.4.5 SWOT Analysis
7.5 PayPal Holdings, Inc.
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Regional Analysis
7.5.4 Research & Development Expense
7.5.5 Recent strategies and developments:
7.5.5.1 Partnerships, Collaborations, and Agreements:
7.5.5.2 Product Launches and Product Expansions:
7.6 Ant Group (Alipay) (Alibaba Holding)
7.6.1 Company Overview
7.6.2 Financial Analysis
7.6.3 Segmental Analysis
7.6.4 Recent strategies and developments:
7.6.4.1 Partnerships, Collaborations, and Agreements:
7.7 AT&T, Inc. (AT&T Intellectual Property)
7.7.1 Company Overview
7.7.2 Financial Analysis
7.7.3 Segmental and Regional Analysis
7.7.4 Research & Development Expense
7.7.5 Recent strategies and developments:
7.7.5.1 Product Launches and Product Expansions:
7.8 Mastercard, Inc.
7.8.1 Company Overview
7.8.2 Financial Analysis
7.8.3 Regional Analysis
7.8.4 Recent strategies and developments:
7.8.4.1 Partnerships, Collaborations, and Agreements:
7.8.4.2 Acquisition and Mergers:
7.9 Visa, Inc.
7.9.1 Company Overview
7.9.2 Financial Analysis
7.9.3 Recent strategies and developments:
7.9.3.1 Partnerships, Collaborations, and Agreements:
7.9.3.2 Acquisition and Mergers:
7.10. American Express Company
7.10.1 Company Overview
7.10.2 Financial Analysis
7.10.3 Segmental and Regional Analysis
7.10.4 Recent strategies and developments:
7.10.4.1 Partnerships, Collaborations, and Agreements:
7.10.4.2 Product Launches and Product Expansions:
7.10.4.3 Acquisition and Mergers:
TABLE 1 Asia Pacific Mobile Wallet Market, 2018 - 2021, USD Million
TABLE 2 Asia Pacific Mobile Wallet Market, 2022 - 2028, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Mobile Wallet Market
TABLE 4 Product Launches And Product Expansions– Mobile Wallet Market
TABLE 5 Acquisition and Mergers– Mobile Wallet Market
TABLE 6 Geographical Expansions– Mobile Wallet Market
TABLE 7 Asia Pacific Mobile Wallet Market by Technology, 2018 - 2021, USD Million
TABLE 8 Asia Pacific Mobile Wallet Market by Technology, 2022 - 2028, USD Million
TABLE 9 Asia Pacific Proximity Market by Country, 2018 - 2021, USD Million
TABLE 10 Asia Pacific Proximity Market by Country, 2022 - 2028, USD Million
TABLE 11 Asia Pacific Remote Market by Country, 2018 - 2021, USD Million
TABLE 12 Asia Pacific Remote Market by Country, 2022 - 2028, USD Million
TABLE 13 Asia Pacific Mobile Wallet Market by Application, 2018 - 2021, USD Million
TABLE 14 Asia Pacific Mobile Wallet Market by Application, 2022 - 2028, USD Million
TABLE 15 Asia Pacific Retail & E-commerce Market by Country, 2018 - 2021, USD Million
TABLE 16 Asia Pacific Retail & E-commerce Market by Country, 2022 - 2028, USD Million
TABLE 17 Asia Pacific Hospitality & Transportation Market by Country, 2018 - 2021, USD Million
TABLE 18 Asia Pacific Hospitality & Transportation Market by Country, 2022 - 2028, USD Million
TABLE 19 Asia Pacific Banking Market by Country, 2018 - 2021, USD Million
TABLE 20 Asia Pacific Banking Market by Country, 2022 - 2028, USD Million
TABLE 21 Asia Pacific Vending Machine Market by Country, 2018 - 2021, USD Million
TABLE 22 Asia Pacific Vending Machine Market by Country, 2022 - 2028, USD Million
TABLE 23 Asia Pacific Others Market by Country, 2018 - 2021, USD Million
TABLE 24 Asia Pacific Others Market by Country, 2022 - 2028, USD Million
TABLE 25 Asia Pacific Mobile Wallet Market by Country, 2018 - 2021, USD Million
TABLE 26 Asia Pacific Mobile Wallet Market by Country, 2022 - 2028, USD Million
TABLE 27 China Mobile Wallet Market, 2018 - 2021, USD Million
TABLE 28 China Mobile Wallet Market, 2022 - 2028, USD Million
TABLE 29 China Mobile Wallet Market by Technology, 2018 - 2021, USD Million
TABLE 30 China Mobile Wallet Market by Technology, 2022 - 2028, USD Million
TABLE 31 China Mobile Wallet Market by Application, 2018 - 2021, USD Million
TABLE 32 China Mobile Wallet Market by Application, 2022 - 2028, USD Million
TABLE 33 Japan Mobile Wallet Market, 2018 - 2021, USD Million
TABLE 34 Japan Mobile Wallet Market, 2022 - 2028, USD Million
TABLE 35 Japan Mobile Wallet Market by Technology, 2018 - 2021, USD Million
TABLE 36 Japan Mobile Wallet Market by Technology, 2022 - 2028, USD Million
TABLE 37 Japan Mobile Wallet Market by Application, 2018 - 2021, USD Million
TABLE 38 Japan Mobile Wallet Market by Application, 2022 - 2028, USD Million
TABLE 39 India Mobile Wallet Market, 2018 - 2021, USD Million
TABLE 40 India Mobile Wallet Market, 2022 - 2028, USD Million
TABLE 41 India Mobile Wallet Market by Technology, 2018 - 2021, USD Million
TABLE 42 India Mobile Wallet Market by Technology, 2022 - 2028, USD Million
TABLE 43 India Mobile Wallet Market by Application, 2018 - 2021, USD Million
TABLE 44 India Mobile Wallet Market by Application, 2022 - 2028, USD Million
TABLE 45 South Korea Mobile Wallet Market, 2018 - 2021, USD Million
TABLE 46 South Korea Mobile Wallet Market, 2022 - 2028, USD Million
TABLE 47 South Korea Mobile Wallet Market by Technology, 2018 - 2021, USD Million
TABLE 48 South Korea Mobile Wallet Market by Technology, 2022 - 2028, USD Million
TABLE 49 South Korea Mobile Wallet Market by Application, 2018 - 2021, USD Million
TABLE 50 South Korea Mobile Wallet Market by Application, 2022 - 2028, USD Million
TABLE 51 Singapore Mobile Wallet Market, 2018 - 2021, USD Million
TABLE 52 Singapore Mobile Wallet Market, 2022 - 2028, USD Million
TABLE 53 Singapore Mobile Wallet Market by Technology, 2018 - 2021, USD Million
TABLE 54 Singapore Mobile Wallet Market by Technology, 2022 - 2028, USD Million
TABLE 55 Singapore Mobile Wallet Market by Application, 2018 - 2021, USD Million
TABLE 56 Singapore Mobile Wallet Market by Application, 2022 - 2028, USD Million
TABLE 57 Malaysia Mobile Wallet Market, 2018 - 2021, USD Million
TABLE 58 Malaysia Mobile Wallet Market, 2022 - 2028, USD Million
TABLE 59 Malaysia Mobile Wallet Market by Technology, 2018 - 2021, USD Million
TABLE 60 Malaysia Mobile Wallet Market by Technology, 2022 - 2028, USD Million
TABLE 61 Malaysia Mobile Wallet Market by Application, 2018 - 2021, USD Million
TABLE 62 Malaysia Mobile Wallet Market by Application, 2022 - 2028, USD Million
TABLE 63 Rest of Asia Pacific Mobile Wallet Market, 2018 - 2021, USD Million
TABLE 64 Rest of Asia Pacific Mobile Wallet Market, 2022 - 2028, USD Million
TABLE 65 Rest of Asia Pacific Mobile Wallet Market by Technology, 2018 - 2021, USD Million
TABLE 66 Rest of Asia Pacific Mobile Wallet Market by Technology, 2022 - 2028, USD Million
TABLE 67 Rest of Asia Pacific Mobile Wallet Market by Application, 2018 - 2021, USD Million
TABLE 68 Rest of Asia Pacific Mobile Wallet Market by Application, 2022 - 2028, USD Million
TABLE 69 Key Information – Apple, Inc.
TABLE 70 Key Information – Samsung Electronics Co., Ltd.
TABLE 71 Key Information – Google LLC
TABLE 72 Key Information – Amazon Web Services, Inc.
TABLE 73 Key Information – PayPal Holdings, Inc.
TABLE 74 Key Information – Ant Group
TABLE 75 Key Information – AT&T, Inc.
TABLE 76 key Information – Mastercard, Inc.
TABLE 77 Key Information – Visa, Inc.
TABLE 78 Key Information – American Express Company
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2018-2022)
FIG 4 Key Strategic Move: (Partnerships, Collaborations & Agreements : 2019, Dec – 2022, Aug) Leading Players
FIG 5 Recent strategies and developments: Apple, Inc.
FIG 6 SWOT Analysis: apple, Inc.
FIG 7 Recent strategies and developments: Samsung Electronics Co., Ltd.
FIG 8 SWOT Analysis: Samsung Electronics CO. Ltd.
FIG 9 Recent strategies and developments: Google LLC
FIG 10 SWOT Analysis: Alphabet Inc. (Google LLC)
FIG 11 Recent strategies and developments: Amazon Web Services, Inc.
FIG 12 SWOT analysis: Amazon.com, Inc.
FIG 13 Recent strategies and developments: PayPal Holdings, Inc.
FIG 14 Recent strategies and developments: Mastercard, Inc.
FIG 15 Recent strategies and developments: Visa, Inc.
FIG 16 Recent strategies and developments: American Express Company