Japan Mobile Payments Market Report by Payment Type (Proximity Payment, Remote Payment), Application (Entertainment, Energy and Utilities, Healthcare, Retail, Hospitality and Transportation, and Others), and Region 2024-2032

Description

Japan mobile payments market size is projected to exhibit a growth rate (CAGR) of 27.97% during 2024-2032. The growing number of individuals with a strong affinity for technology and the rising trend among small businesses to appeal to those who favor cashless payments are primarily driving the market growth.

Mobile payment is a technology enabling individuals to conduct transactions via their smartphones or other mobile gadgets. It utilizes technologies such as near field communication (NFC) or quick response (QR) codes to facilitate the transaction process. This method offers convenience and typically results in faster transactions compared to conventional means. It permits users to settle payments for products and services by merely placing their smartphone near a compatible terminal or utilizing a designated application, rather than relying on physical currency, checks, or traditional credit cards. Additionally, it boasts robust security measures, including tokenization, which substitutes sensitive credit card information with distinct identifiers, enhancing the safety of financial transactions.

Japan Mobile Payments Market Trends:

The mobile payments market in Japan is experiencing rapid growth and transformation, reflecting the country's technological prowess and shifting consumer preferences. Technologies like near field communication (NFC) and QR codes have gained immense popularity, allowing users to make quick and secure payments with a simple tap or scan of their smartphones. This trend has been accelerated by the COVID-19 pandemic, as consumers and businesses prioritize contactless transactions for safety reasons. Additionally, Japan boasts high smartphone penetration rates, and this is a significant driver of mobile payments. As more people own smartphones, they are more inclined to explore and use mobile payment options for their convenience and efficiency. Besides this, the thriving tourism industry, cross-border mobile payments are on the rise, allowing international visitors to make purchases seamlessly using their mobile devices. In conclusion, the Japan mobile payments market is marked by contactless transactions, digital wallets, high smartphone penetration, government support, QR code dominance, transportation integration, and cross-border payment capabilities. These trends and drivers collectively will augment the regional market over the forecasted period.

Japan Mobile Payments Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2024-2032. Our report has categorized the market based on payment type and application.

Payment Type Insights:

Proximity Payment
- Near Field Communication (NFC)
- Quick Response (QR) Code
Remote Payment
- Internet Payments
- Direct Operator Billing
- Digital Wallet
- SMS Payments

The report has provided a detailed breakup and analysis of the market based on the payment type. This includes proximity payment (near field communication (NFC) and quick response (QR) code) and remote payment (internet payments, direct operator billing, digital wallet, and SMS payments).

Application Insights:

Entertainment
Energy and Utilities
Healthcare
Retail
Hospitality and Transportation
Others

A detailed breakup and analysis of the market based on the application have also been provided in the report. This includes entertainment, energy and utilities, healthcare, retail, hospitality and transportation, and others.

Regional Insights:

Kanto Region
Kansai/Kinki Region
Central/ Chubu Region
Kyushu-Okinawa Region
Tohoku Region
Chugoku Region
Hokkaido Region
Shikoku Region

The report has also provided a comprehensive analysis of all the major regional markets, which include Kanto Region, Kansai/Kinki Region, Central/ Chubu Region, Kyushu-Okinawa Region, Tohoku Region, Chugoku Region, Hokkaido Region, and Shikoku Region.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape in the market. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the key players include:

JCB Co. Ltd.
Mastercard Inc.
PayPal Holdings Inc.
PayPay Corporation
Rakuten Group Inc.
Visa Inc.

(Please note that this is only a partial list of the key players, and the complete list is provided in the report.)

Key Questions Answered in This Report:

How has the Japan mobile payments market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the Japan mobile payments market?
What is the breakup of the Japan mobile payments market on the basis of payment type?
What is the breakup of the Japan mobile payments market on the basis of application?
What are the various stages in the value chain of the Japan mobile payments market?
What are the key driving factors and challenges in the Japan mobile payments?
What is the structure of the Japan mobile payments market and who are the key players?
What is the degree of competition in the Japan mobile payments market?

Product Code: SR112024A17352

1 Preface

2 Scope and Methodology

2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 Executive Summary

4 Japan Mobile Payments Market - Introduction

4.1 Overview
4.2 Market Dynamics
4.3 Industry Trends
4.4 Competitive Intelligence

5 Japan Mobile Payments Market Landscape

5.1 Historical and Current Market Trends (2018-2023)
5.2 Market Forecast (2024-2032)

6 Japan Mobile Payments Market - Breakup by Payment Type

6.1 Proximity Payment
- 6.1.1 Overview
- 6.1.2 Historical and Current Market Trends (2018-2023)
- 6.1.3 Market Segmentation
  - 6.1.3.1 Near Field Communication (NFC)
  - 6.1.3.2 Quick Response (QR) Code
- 6.1.4 Market Forecast (2024-2032)
6.2 Remote Payment
- 6.2.1 Overview
- 6.2.2 Historical and Current Market Trends (2018-2023)
- 6.2.3 Market Segmentation
  - 6.2.3.1 Internet Payments
  - 6.2.3.2 Direct Operator Billing
  - 6.2.3.3 Digital Wallet
  - 6.2.3.4 SMS Payments
- 6.2.4 Market Forecast (2024-2032)

7 Japan Mobile Payments Market - Breakup by Application

7.1 Entertainment
- 7.1.1 Overview
- 7.1.2 Historical and Current Market Trends (2018-2023)
- 7.1.3 Market Forecast (2024-2032)
7.2 Energy and Utilities
- 7.2.1 Overview
- 7.2.2 Historical and Current Market Trends (2018-2023)
- 7.2.3 Market Forecast (2024-2032)
7.3 Healthcare
- 7.3.1 Overview
- 7.3.2 Historical and Current Market Trends (2018-2023)
- 7.3.3 Market Forecast (2024-2032)
7.4 Retail
- 7.4.1 Overview
- 7.4.2 Historical and Current Market Trends (2018-2023)
- 7.4.3 Market Forecast (2024-2032)
7.5 Hospitality and Transportation
- 7.5.1 Overview
- 7.5.2 Historical and Current Market Trends (2018-2023)
- 7.5.3 Market Forecast (2024-2032)
7.6 Others
- 7.6.1 Historical and Current Market Trends (2018-2023)
- 7.6.2 Market Forecast (2024-2032)

8 Japan Mobile Payments Market - Breakup by Region

8.1 Kanto Region
- 8.1.1 Overview
- 8.1.2 Historical and Current Market Trends (2018-2023)
- 8.1.3 Market Breakup by Payment Type
- 8.1.4 Market Breakup by Application
- 8.1.5 Key Players
- 8.1.6 Market Forecast (2024-2032)
8.2 Kansai/Kinki Region
- 8.2.1 Overview
- 8.2.2 Historical and Current Market Trends (2018-2023)
- 8.2.3 Market Breakup by Payment Type
- 8.2.4 Market Breakup by Application
- 8.2.5 Key Players
- 8.2.6 Market Forecast (2024-2032)
8.3 Central/ Chubu Region
- 8.3.1 Overview
- 8.3.2 Historical and Current Market Trends (2018-2023)
- 8.3.3 Market Breakup by Payment Type
- 8.3.4 Market Breakup by Application
- 8.3.5 Key Players
- 8.3.6 Market Forecast (2024-2032)
8.4 Kyushu-Okinawa Region
- 8.4.1 Overview
- 8.4.2 Historical and Current Market Trends (2018-2023)
- 8.4.3 Market Breakup by Payment Type
- 8.4.4 Market Breakup by Application
- 8.4.5 Key Players
- 8.4.6 Market Forecast (2024-2032)
8.5 Tohoku Region
- 8.5.1 Overview
- 8.5.2 Historical and Current Market Trends (2018-2023)
- 8.5.3 Market Breakup by Payment Type
- 8.5.4 Market Breakup by Application
- 8.5.5 Key Players
- 8.5.6 Market Forecast (2024-2032)
8.6 Chugoku Region
- 8.6.1 Overview
- 8.6.2 Historical and Current Market Trends (2018-2023)
- 8.6.3 Market Breakup by Payment Type
- 8.6.4 Market Breakup by Application
- 8.6.5 Key Players
- 8.6.6 Market Forecast (2024-2032)
8.7 Hokkaido Region
- 8.7.1 Overview
- 8.7.2 Historical and Current Market Trends (2018-2023)
- 8.7.3 Market Breakup by Payment Type
- 8.7.4 Market Breakup by Application
- 8.7.5 Key Players
- 8.7.6 Market Forecast (2024-2032)
8.8 Shikoku Region
- 8.8.1 Overview
- 8.8.2 Historical and Current Market Trends (2018-2023)
- 8.8.3 Market Breakup by Payment Type
- 8.8.4 Market Breakup by Application
- 8.8.5 Key Players
- 8.8.6 Market Forecast (2024-2032)

9 Japan Mobile Payments Market - Competitive Landscape

9.1 Overview
9.2 Market Structure
9.3 Market Player Positioning
9.4 Top Winning Strategies
9.5 Competitive Dashboard
9.6 Company Evaluation Quadrant

10 Profiles of Key Players

10.1 JCB Co. Ltd.
- 10.1.1 Business Overview
- 10.1.2 Product Portfolio
- 10.1.3 Business Strategies
- 10.1.4 SWOT Analysis
- 10.1.5 Major News and Events
10.2 Mastercard Inc.
- 10.2.1 Business Overview
- 10.2.2 Product Portfolio
- 10.2.3 Business Strategies
- 10.2.4 SWOT Analysis
- 10.2.5 Major News and Events
10.3 PayPal Holdings Inc.
- 10.3.1 Business Overview
- 10.3.2 Product Portfolio
- 10.3.3 Business Strategies
- 10.3.4 SWOT Analysis
- 10.3.5 Major News and Events
10.4 PayPay Corporation
- 10.4.1 Business Overview
- 10.4.2 Product Portfolio
- 10.4.3 Business Strategies
- 10.4.4 SWOT Analysis
- 10.4.5 Major News and Events
10.5 Rakuten Group Inc.
- 10.5.1 Business Overview
- 10.5.2 Product Portfolio
- 10.5.3 Business Strategies
- 10.5.4 SWOT Analysis
- 10.5.5 Major News and Events
10.6 Visa Inc.
- 10.6.1 Business Overview
- 10.6.2 Product Portfolio
- 10.6.3 Business Strategies
- 10.6.4 SWOT Analysis
- 10.6.5 Major News and Events

Please note that this is only a partial list of the key players, and the complete list is provided in the report.

11 Japan Mobile Payments Market - Industry Analysis

11.1 Drivers, Restraints, and Opportunities
- 11.1.1 Overview
- 11.1.2 Drivers
- 11.1.3 Restraints
- 11.1.4 Opportunities
11.2 Porters Five Forces Analysis
- 11.2.1 Overview
- 11.2.2 Bargaining Power of Buyers
- 11.2.3 Bargaining Power of Suppliers
- 11.2.4 Degree of Competition
- 11.2.5 Threat of New Entrants
- 11.2.6 Threat of Substitutes
11.3 Value Chain Analysis