Asia-Pacific Real-time Payment Growth Opportunities

Description

Disruptive Technologies that Enable Open Banking are Fueling the Growth of Real-time Payments

This research service examines the real-time payment (RTP) market in the Asia-Pacific (APAC). It identifies key customer needs and market trends and provides a country-wise analysis of relevant developments. RTP or fast-payment systems involve payment transactions that are initiated and processed in near real time or within minutes. Unlike traditional payment systems that take several business days to clear, RTPs allow for instant settlement, enabling faster and more convenient transactions between individuals or corporates.

The rapid adoption of digital payments in APAC because of the COVID-19 pandemic unearthed gaps in payment experiences that regional central banks now want to shrink with RTP systems. The industry underwent a digital transformation in 2021, with central banks across countries developing national RTP systems, pushing innovation in the payment sector, and creating frameworks to accelerate the development of payment interoperability in domestic and cross-border transactions. The increased use of smartphones and deployments in support of mobile initiatives over 4G and 5G networks have enabled customers and merchants to accept and make RTPs through their mobile devices, driving RTP transaction growth.

The study includes a non-exhaustive list of market participants that provide RTP services and solutions. A market overview and key company profiles have also been included. The study analyzes the factors driving and restraining growth and identifies the growth opportunities emerging from the changes in this space for payment providers, technology companies, financial service providers, and retailers to leverage. The base year is 2022, and the forecast period is 2023 to 2027.

Product Code: PE61-65

Strategic Imperatives

Why is it Increasingly Difficult to Grow?
The Strategic Imperative 8™
The Impact of the Top 3 Strategic Imperatives on the Asia-Pacific (APAC) Real-time Payment (RTP) Industry
Growth Opportunities Fuel the Growth Pipeline Engine™

Growth Opportunity Analysis

Scope of Analysis
Segmentation
Key Competitors
Growth Metrics
Growth Drivers
Growth Restraints
Forecast Assumptions
Revenue Forecast
Revenue Forecast by Payment Type
Revenue Forecast Analysis
Pricing Trends and Forecast Analysis
Competitive Environment
Revenue Share Analysis

Key Countries Analysis

Key Developments-Australia
Customer and Merchant Ecosystem Analysis-Australia
Key Company Profile: POLi Payments-Australia
Key Developments-China
Customer and Merchant Ecosystem Analysis-China
Key Company Profile: UnionPay-China
Key Developments-India
Customer and Merchant Ecosystem Analysis-India
Key Company Profile: Paytm-India
Key Developments-Indonesia
Customer and Merchant Ecosystem Analysis-Indonesia
Key Company Profile: GoPay-Indonesia
Key Developments-Japan
Customer and Merchant Ecosystem Analysis-Japan
Key Company Profile: PayPay-Japan
Key Developments-South Korea
Customer and Merchant Ecosystem Analysis-South Korea
Key Company Profile: PAYCO-South Korea
Key Developments-Malaysia
Customer and Merchant Ecosystem Analysis-Malaysia
Key Company Profile: Touch 'n Go-Malaysia
Key Developments-Philippines
Customer and Merchant Ecosystem Analysis-Philippines
Key Company Profile: GCash-Philippines
Key Developments-Singapore
Customer and Merchant Ecosystem Analysis-Singapore
Key Company Profile: Singtel Dash-Singapore
Key Developments-Thailand
Customer and Merchant Ecosystem Analysis-Thailand
Key Company Profile: TrueMoney-Thailand
Key Developments-Vietnam
Customer and Merchant Ecosystem Analysis-Vietnam
Key Company Profile: MoMo-Vietnam

Growth Opportunity Analysis: P2B

Growth Metrics
Revenue Forecast
Forecast Analysis

Growth Opportunity Analysis: P2P

Growth Metrics
Revenue Forecast
Forecast Analysis

Growth Opportunity Analysis: B2B

Growth Metrics
Revenue Forecast
Forecast Analysis

Growth Opportunity Universe

Growth Opportunity 1: Open Banking
Growth Opportunity 2: Payment Security and Fraud Management Solutions
Growth Opportunity 3: Mobile POS

The Last Word

Conclusions and Recommendations
Frost & Sullivan's 3 Big Predictions

Next Steps

Your Next Steps
Why Frost, Why Now?
List of Exhibits
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