The Asia Pacific Payment As A Service Market would witness market growth of 16.8% CAGR during the forecast period (2022-2028).
People can easily transfer money, and make online purchases, as well as businesses, can also make transactions online. In the time of shared data and infrastructure, innovation in online payments has increased the expectations of consumers. Several countries have adopted a digital payment ecosystem. In addition to seizing the open online payment opportunity before their rivals, tech-savvy companies that developed their own payment platforms now will also generate revenue by monetizing their online platforms.
PaaS also upends the traditional fee-based payment model. PaaS vendors also eliminate the complexity associated with traditional payment processes. Instant payment or digital transactions also enables the accounting team to give less attention to the time-consuming paperwork and focus more on high-level activities.
The increasing acceptance of technological developments in online payment mechanisms in developing countries like China, and India has resulted in the growth of payment as a service market in the Asia-Pacific region. In India, the government has launched the Digital India programme to transform India into a digitally empowered country. The government has also encouraged its citizen to adopt cashless payments by introducing various modes of digital payments like BHIM UPI.
The China market dominated the Asia Pacific Payment As A Service Market by Country in 2021; thereby, achieving a market value of $3.0 billion by 2028. The Japan market is registering a CAGR of 16.1% during (2022 - 2028). Additionally, The India market would showcase a CAGR of 17.5% during (2022 - 2028).
Based on Component, the market is segmented into Platform and Services (Professional and Managed). Based on Industry, the market is segmented into Retail & E-commerce, BFSI, Healthcare, Travel & Hospitality, 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 Payment As A Service Market is Projected to reach USD 30.5 Billion by 2028, at a CAGR of 16.6%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Agilysys, Inc., PPRO Financial Ltd. (Alpha Fintech), Aurus, Inc., Deluxe Corporation (First American Payment Systems L.P.), Fiserv, Inc., Global Payments, Inc., Ingenico Apollo Global Management, Paysafe Limited, VeriFone, Inc. (Francisco Partners) and ACI worldwide, Inc.
Scope of the Study
Market Segments Covered in the Report:
By Component
By Industry
- Retail & E-commerce
- BFSI
- Healthcare
- Travel & Hospitality
- Others
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Agilysys, Inc.
- PPRO Financial Ltd. (Alpha Fintech)
- Aurus, Inc.
- Deluxe Corporation (First American Payment Systems L.P.)
- Fiserv, Inc.
- Global Payments, Inc.
- Ingenico Apollo Global Management
- Paysafe Limited
- VeriFone, Inc. (Francisco Partners)
- ACI worldwide, Inc.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Payment As A Service Market, by Component
1.4.2 Asia Pacific Payment As A Service Market, by Industry
1.4.3 Asia Pacific Payment As A Service 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 & 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 and Agreements: 2019, Feb – 2022, Nov) Leading Players
Chapter 4. Asia Pacific Payment As A Service Market by Component
4.1 Asia Pacific Platform Market by Country
4.2 Asia Pacific Services Market by Country
4.3 Asia Pacific Payment As A Service Market by Services Type
4.3.1 Asia Pacific Professional Market by Country
4.3.2 Asia Pacific Managed Market by Country
Chapter 5. Asia Pacific Payment As A Service Market by Industry
5.1 Asia Pacific Retail & E-commerce Market by Country
5.2 Asia Pacific BFSI Market by Country
5.3 Asia Pacific Healthcare Market by Country
5.4 Asia Pacific Travel & Hospitality Market by Country
5.5 Asia Pacific Others Market by Country
Chapter 6. Asia Pacific Payment As A Service Market by Country
6.1 China Payment As A Service Market
6.1.1 China Payment As A Service Market by Component
6.1.1.1 China Payment As A Service Market by Services Type
6.1.2 China Payment As A Service Market by Industry
6.2 Japan Payment As A Service Market
6.2.1 Japan Payment As A Service Market by Component
6.2.1.1 Japan Payment As A Service Market by Services Type
6.2.2 Japan Payment As A Service Market by Industry
6.3 India Payment As A Service Market
6.3.1 India Payment As A Service Market by Component
6.3.1.1 India Payment As A Service Market by Services Type
6.3.2 India Payment As A Service Market by Industry
6.4 South Korea Payment As A Service Market
6.4.1 South Korea Payment As A Service Market by Component
6.4.1.1 South Korea Payment As A Service Market by Services Type
6.4.2 South Korea Payment As A Service Market by Industry
6.5 Singapore Payment As A Service Market
6.5.1 Singapore Payment As A Service Market by Component
6.5.1.1 Singapore Payment As A Service Market by Services Type
6.5.2 Singapore Payment As A Service Market by Industry
6.6 Malaysia Payment As A Service Market
6.6.1 Malaysia Payment As A Service Market by Component
6.6.1.1 Malaysia Payment As A Service Market by Services Type
6.6.2 Malaysia Payment As A Service Market by Industry
6.7 Rest of Asia Pacific Payment As A Service Market
6.7.1 Rest of Asia Pacific Payment As A Service Market by Component
6.7.1.1 Rest of Asia Pacific Payment As A Service Market by Services Type
6.7.2 Rest of Asia Pacific Payment As A Service Market by Industry
Chapter 7. Company Profiles
7.1 Fiserv, Inc.
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental and Regional Analysis
7.1.4 Recent strategies and developments:
7.1.4.1 Acquisition and Mergers:
7.2 Global Payments, Inc.
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Segmental and Regional Analysis
7.2.4 Recent strategies and developments:
7.2.4.1 Partnerships, Collaborations, and Agreements:
7.2.4.2 Product Launches and Product Expansions:
7.2.4.3 Acquisition and Mergers:
7.3 Agilysys, Inc.
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Research & Development Expenses
7.3.4 Recent strategies and developments:
7.3.4.1 Partnerships, Collaborations, and Agreements:
7.3.4.2 Product Launches and Product Expansions:
7.3.4.3 Acquisition and Mergers:
7.4 Ingenico Apollo Global Management (Worldline)
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Segmental and Regional Analysis
7.4.4 Research & Development Expenses
7.5 Paysafe Limited
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Segmental and Regional Analysis
7.5.4 Research & Development Expenses
7.5.5 Recent strategies and developments:
7.5.5.1 Partnerships, Collaborations, and Agreements:
7.5.5.2 Product Launches and Product Expansions:
7.5.5.3 Acquisition and Mergers:
7.5.5.4 Geographical Expansions:
7.6 ACI Worldwide, Inc.
7.6.1 Company Overview
7.6.2 Financial Analysis
7.6.3 Regional & Segmental Analysis
7.6.4 Research & Development Expenses
7.6.5 Recent strategies and developments:
7.6.5.1 Partnerships, Collaborations, and Agreements:
7.6.5.2 Product Launches and Product Expansions:
7.6.5.3 Acquisition and Mergers:
7.7 PPRO Financial Ltd. (Alpha Fintech)
7.7.1 Company Overview
7.7.2 Recent strategies and developments:
7.7.2.1 Product Launches and Product Expansions:
7.8 Aurus, Inc.
7.8.1 Company Overview
7.8.2 Recent strategies and developments:
7.8.2.1 Partnerships, Collaborations, and Agreements:
7.8.2.2 Geographical Expansions:
7.9 Deluxe Corporation (First American Payment systems, L.P)
7.9.1 Company Overview
7.9.2 Financial Analysis
7.9.3 Segmental and Regional Analysis
7.9.4 Recent strategies and developments:
7.9.4.1 Partnerships, Collaborations, and Agreements:
7.10. VeriFone Holdings, Inc. (Francisco Partners)
7.10.1 Company Overview
TABLE 1 Asia Pacific Payment As A Service Market, 2018 - 2021, USD Million
TABLE 2 Asia Pacific Payment As A Service Market, 2022 - 2028, USD Million
TABLE 3 Partnerships, Collaborations and Agreements – Payment As A Service Market
TABLE 4 Product Launches And Product Expansions – Payment As A Service Market
TABLE 5 Acquisition and Mergers – Payment As A Service Market
TABLE 6 Geographical Expansions – Payment As A Service Market
TABLE 7 Asia Pacific Payment As A Service Market by Component, 2018 - 2021, USD Million
TABLE 8 Asia Pacific Payment As A Service Market by Component, 2022 - 2028, USD Million
TABLE 9 Asia Pacific Platform Market by Country, 2018 - 2021, USD Million
TABLE 10 Asia Pacific Platform Market by Country, 2022 - 2028, USD Million
TABLE 11 Asia Pacific Services Market by Country, 2018 - 2021, USD Million
TABLE 12 Asia Pacific Services Market by Country, 2022 - 2028, USD Million
TABLE 13 Asia Pacific Payment As A Service Market by Services Type, 2018 - 2021, USD Million
TABLE 14 Asia Pacific Payment As A Service Market by Services Type, 2022 - 2028, USD Million
TABLE 15 Asia Pacific Professional Market by Country, 2018 - 2021, USD Million
TABLE 16 Asia Pacific Professional Market by Country, 2022 - 2028, USD Million
TABLE 17 Asia Pacific Managed Market by Country, 2018 - 2021, USD Million
TABLE 18 Asia Pacific Managed Market by Country, 2022 - 2028, USD Million
TABLE 19 Asia Pacific Payment As A Service Market by Industry, 2018 - 2021, USD Million
TABLE 20 Asia Pacific Payment As A Service Market by Industry, 2022 - 2028, USD Million
TABLE 21 Asia Pacific Retail & E-commerce Market by Country, 2018 - 2021, USD Million
TABLE 22 Asia Pacific Retail & E-commerce Market by Country, 2022 - 2028, USD Million
TABLE 23 Asia Pacific BFSI Market by Country, 2018 - 2021, USD Million
TABLE 24 Asia Pacific BFSI Market by Country, 2022 - 2028, USD Million
TABLE 25 Asia Pacific Healthcare Market by Country, 2018 - 2021, USD Million
TABLE 26 Asia Pacific Healthcare Market by Country, 2022 - 2028, USD Million
TABLE 27 Asia Pacific Travel & Hospitality Market by Country, 2018 - 2021, USD Million
TABLE 28 Asia Pacific Travel & Hospitality Market by Country, 2022 - 2028, USD Million
TABLE 29 Asia Pacific Others Market by Country, 2018 - 2021, USD Million
TABLE 30 Asia Pacific Others Market by Country, 2022 - 2028, USD Million
TABLE 31 Asia Pacific Payment As A Service Market by Country, 2018 - 2021, USD Million
TABLE 32 Asia Pacific Payment As A Service Market by Country, 2022 - 2028, USD Million
TABLE 33 China Payment As A Service Market, 2018 - 2021, USD Million
TABLE 34 China Payment As A Service Market, 2022 - 2028, USD Million
TABLE 35 China Payment As A Service Market by Component, 2018 - 2021, USD Million
TABLE 36 China Payment As A Service Market by Component, 2022 - 2028, USD Million
TABLE 37 China Payment As A Service Market by Services Type, 2018 - 2021, USD Million
TABLE 38 China Payment As A Service Market by Services Type, 2022 - 2028, USD Million
TABLE 39 China Payment As A Service Market by Industry, 2018 - 2021, USD Million
TABLE 40 China Payment As A Service Market by Industry, 2022 - 2028, USD Million
TABLE 41 Japan Payment As A Service Market, 2018 - 2021, USD Million
TABLE 42 Japan Payment As A Service Market, 2022 - 2028, USD Million
TABLE 43 Japan Payment As A Service Market by Component, 2018 - 2021, USD Million
TABLE 44 Japan Payment As A Service Market by Component, 2022 - 2028, USD Million
TABLE 45 Japan Payment As A Service Market by Services Type, 2018 - 2021, USD Million
TABLE 46 Japan Payment As A Service Market by Services Type, 2022 - 2028, USD Million
TABLE 47 Japan Payment As A Service Market by Industry, 2018 - 2021, USD Million
TABLE 48 Japan Payment As A Service Market by Industry, 2022 - 2028, USD Million
TABLE 49 India Payment As A Service Market, 2018 - 2021, USD Million
TABLE 50 India Payment As A Service Market, 2022 - 2028, USD Million
TABLE 51 India Payment As A Service Market by Component, 2018 - 2021, USD Million
TABLE 52 India Payment As A Service Market by Component, 2022 - 2028, USD Million
TABLE 53 India Payment As A Service Market by Services Type, 2018 - 2021, USD Million
TABLE 54 India Payment As A Service Market by Services Type, 2022 - 2028, USD Million
TABLE 55 India Payment As A Service Market by Industry, 2018 - 2021, USD Million
TABLE 56 India Payment As A Service Market by Industry, 2022 - 2028, USD Million
TABLE 57 South Korea Payment As A Service Market, 2018 - 2021, USD Million
TABLE 58 South Korea Payment As A Service Market, 2022 - 2028, USD Million
TABLE 59 South Korea Payment As A Service Market by Component, 2018 - 2021, USD Million
TABLE 60 South Korea Payment As A Service Market by Component, 2022 - 2028, USD Million
TABLE 61 South Korea Payment As A Service Market by Services Type, 2018 - 2021, USD Million
TABLE 62 South Korea Payment As A Service Market by Services Type, 2022 - 2028, USD Million
TABLE 63 South Korea Payment As A Service Market by Industry, 2018 - 2021, USD Million
TABLE 64 South Korea Payment As A Service Market by Industry, 2022 - 2028, USD Million
TABLE 65 Singapore Payment As A Service Market, 2018 - 2021, USD Million
TABLE 66 Singapore Payment As A Service Market, 2022 - 2028, USD Million
TABLE 67 Singapore Payment As A Service Market by Component, 2018 - 2021, USD Million
TABLE 68 Singapore Payment As A Service Market by Component, 2022 - 2028, USD Million
TABLE 69 Singapore Payment As A Service Market by Services Type, 2018 - 2021, USD Million
TABLE 70 Singapore Payment As A Service Market by Services Type, 2022 - 2028, USD Million
TABLE 71 Singapore Payment As A Service Market by Industry, 2018 - 2021, USD Million
TABLE 72 Singapore Payment As A Service Market by Industry, 2022 - 2028, USD Million
TABLE 73 Malaysia Payment As A Service Market, 2018 - 2021, USD Million
TABLE 74 Malaysia Payment As A Service Market, 2022 - 2028, USD Million
TABLE 75 Malaysia Payment As A Service Market by Component, 2018 - 2021, USD Million
TABLE 76 Malaysia Payment As A Service Market by Component, 2022 - 2028, USD Million
TABLE 77 Malaysia Payment As A Service Market by Services Type, 2018 - 2021, USD Million
TABLE 78 Malaysia Payment As A Service Market by Services Type, 2022 - 2028, USD Million
TABLE 79 Malaysia Payment As A Service Market by Industry, 2018 - 2021, USD Million
TABLE 80 Malaysia Payment As A Service Market by Industry, 2022 - 2028, USD Million
TABLE 81 Rest of Asia Pacific Payment As A Service Market, 2018 - 2021, USD Million
TABLE 82 Rest of Asia Pacific Payment As A Service Market, 2022 - 2028, USD Million
TABLE 83 Rest of Asia Pacific Payment As A Service Market by Component, 2018 - 2021, USD Million
TABLE 84 Rest of Asia Pacific Payment As A Service Market by Component, 2022 - 2028, USD Million
TABLE 85 Rest of Asia Pacific Payment As A Service Market by Services Type, 2018 - 2021, USD Million
TABLE 86 Rest of Asia Pacific Payment As A Service Market by Services Type, 2022 - 2028, USD Million
TABLE 87 Rest of Asia Pacific Payment As A Service Market by Industry, 2018 - 2021, USD Million
TABLE 88 Rest of Asia Pacific Payment As A Service Market by Industry, 2022 - 2028, USD Million
TABLE 89 Key Information –Fiserv, Inc.
TABLE 90 Key information – Global Payments, Inc.
TABLE 91 Key Information – Agilysys, Inc.
TABLE 92 Key Information – Ingenico Apollo Global Management
TABLE 93 Key Information – PAYSAFE LIMITED
TABLE 94 Key information – ACI Worldwide, Inc.
TABLE 95 Key Information – PPRO Financial Ltd.
TABLE 96 Key Information – Aurus, Inc.
TABLE 97 Key Information – Deluxe Corporation
TABLE 98 Key Information – VeriFone Holdings, Inc.
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 and Agreements: 2019, Feb – 2022, Nov) Leading Players
FIG 5 Recent strategies and developments: Global Payments, Inc.
FIG 6 Recent strategies and developments: Agilysys, Inc.
FIG 7 Recent strategies and developments: Paysafe Limited
FIG 8 Recent strategies and developments: ACI worldwide, Inc.
FIG 9 Recent strategies and developments: Aurus, Inc.