Development Trends in the Mobile Payment Industry of Japan and Singapore and Key Strategies of Three Major Players (pre-order)

Table of Contents

1.Development of the Mobile Payment Market in Japan and Singapore

• 1.1 Japan's Mobile Payment Transaction Amount Reaches JPY 10.9 Trillion in 2023 with an 81.7% CAGR
• 1.2 Singapore Government Promotes PayNow with Transaction Amounts Exceeding USD 360 Billion

2.Mobile Payment Promotion Policy in Japan and Singapore

• 2.1 Japanese Government Enhances Mobile Payment Security and Cross-Border Payments
  • 2.1.1 Japan Revises "Credit Card Security Guidelines" to Improve the Credit Card Usage Environment
  • 2.1.2 Japan Develops Cross-Border Payments Using Common QR Code "JPQR"
• 2.2 Singapore's Transition from SGQR to SGQR+: Prioritizing Process Simplification and Cross-Border Service Integration
  • 2.2.1 Singapore Promotes SGQR, Integrating Various Providers' Apps
  • 2.2.2 Singapore SGQR+ Prioritizes Streamlining Processes and Integrating Cross-Border Services

3. Strategic Positioning of Major Mobile Payment Players in Japan and Singapore

• 3.1 LY
  • 3.1.1 LY Company Restructures Organizational Framework and Integrates Solutions, with PayPay Driving Strategic Business Growth
  • 3.1.2 LY Company Expands Payment Functions and Financial Applications
  • 3.1.3 LY Company Ventures into Cross-Border Payment Services
• 3.2 Grab
  • 3.2.1 Grab’s 2023 Revenue Reaches $2.36 Billion, 64.6% YoY Growth
  • 3.2.2 Grab Strengthens Its Ride-Hailing, Delivery, and Payment Ecosystem
  • 3.2.3 Grab Expands Mobile Payment Partnerships and Develops Cross-Border Payment Services
  • 3.2.4 Grab Enhances Financial Services and Leverages Generative AI to Boost Operational Efficiency and Profit Opportunities
• 3.3 Apple
  • 3.3.1 Apple’s Services Revenue Surpasses $85 Billion, with Apple Pay Estimated at $3.4 Billion
  • 3.3.2 Apple Strengthens Core Payment Operations to Cover Installment Payments, Cross-Border Transactions, and Financial Applications
• 3.4 Summary

4. MIC Perspective

Appendix

• List of Companies

List of Tables

• Table 1: Japan's Non-Cash and Mobile Payment Amounts from 2019 to 2023
• Table 2: Singapore FAST Transaction Volumes and Amounts from 2022 to 2023
• Table 3: LY Company's Revenue for Fiscal Years 2019 to 2023
• Table 4: LY Company's Quarterly Revenue by Business for Fiscal Year 2023
• Table 5: PayPay User Numbers, Annual Revenue, GMV, and Transaction Volumes for Fiscal Year 2023
• Table 6: LINE Pay International Monthly Active Users for Q1 2024
• Table 7: LINE Pay International Revenue for Fiscal Year 2023
• Table 8: PayPay’s Overseas Usability
• Table 9: Grab’s Revenue Breakdown by Business Segment (2020-2023)
• Table 10: Grab’s AI-Driven Automated Promotion System "Bullseye" Overview
• Table 11: Apple’s Revenue by Business Segment (2019-2023)
• Table 12: Apple Pay Financial Applications
• Table 13: Summary of Key Players' Operational Performance and Strategic Focus in Japan and Singapore

List of Figures

• Figure 1: Japan's Non-Cash Payment Amount and Proportion from 2019 to 2023
• Figure 2: Benefits of SGQR+ for Merchants in Singapore