Southeast Asia Contactless Payment Market Report 2021-2026 - Convenience and Safety Considerations During the Pandemic Drive Use and Growth
Dublin, Nov. 15, 2021 (GLOBE NEWSWIRE) -- The "Southeast Asian Contactless Payment Growth Opportunities, Forecast to 2026" report has been added to ResearchAndMarkets.com's offering.
This study focuses on selected Southeast Asian countries: Indonesia, Malaysia, the Philippines, Singapore, Thailand, and Vietnam. It considers drivers and restraints for the region, and drill down into country-specific opportunities and challenges.
The proliferation of COVID-19 has factored into the growth of contactless payments (made through a mobile device, wearable, or physical or virtual card, with the payee's device or a merchant's terminal initiating the transaction) in Southeast Asia. Customers want a safe and convenient way to do face-to-face transactions.
Regulations and other government interventions also are promoting a cashless society, although the use of cash is still popular in countries with smaller banked populations, specifically for micropayments for daily purchases.
Mobile phones, wearable devices, and mobile point-of-sale (POS) terminals provide the platform for a faster payment process. Open application programming interfaces (APIs) streamline the product development process, and emerging contactless payment technologies such as near-field communication (NFC), quick response (QR) code, magnetic secure transmission (MST), and virtual cards will encourage broader acceptance.
New payment innovations leveraging open banking APIs will pave the way for data sharing from multiple points, allowing providers to profile customers based on their behavior to improve the purchase experience.
As countries in the region gear up to roll out 5G, which could improve payment processing time and improve the customer experience, partnerships, mergers, or acquisitions among terminal vendors, payment processors, issuers, and telcos may be necessary to advance contactless payment use.
Key Topics Covered:
1. Strategic Imperatives
Why Is It Increasingly Difficult to Grow?
The Strategic Imperative
The Impact of the Top Three Strategic Imperatives on the Southeast Asian Contactless Payments Industry
Growth Opportunities Fuel the Growth Pipeline Engine
2. Growth Opportunity Analysis
Scope of Analysis
Market Definitions
Key Questions this Study ill Answer
Contactless Payment Value Chain
Contactless Payment Business Models and Benefits
Next-generation Contactless Payment Technologies
Growth Drivers
Growth Restraints
Indonesia - Market Overview
Indonesia - Transaction Value Forecast
Indonesia - Market Analysis
Malaysia - Market Overview
Malaysia - Transaction Value Forecast
Malaysia - Market Analysis
Philippines - Market Overview
Philippines - Transaction Value Forecast
Philippines - Market Analysis
Singapore - Market Overview
Singapore - Transaction Value Forecast
Singapore - Market Analysis
Thailand - Market Overview
Thailand - Transaction Value Forecast
Thailand - Market Analysis
Vietnam - Market Overview
Vietnam - Transaction Value Forecast
Vietnam - Market Analysis
3. Companies to Watch
Companies to Watch - ePayment Terminals
Companies to Watch - Mobile Payments
4. Technology Trends
Artificial Intelligence for Contactless Payment Security
Machine Learning for Contactless Payment Security
5. Growth Opportunity Universe
Growth Opportunity 1 - Dual-interface Card for a Wide Range of Payment Applications
Growth Opportunity 2 - Mobile-based POS Terminals for Affordable Merchant Onboarding
Growth Opportunity 3 - Biometrics for Seamless Transaction
Growth Opportunity 4 - Blockchain and AI Technology to Track Transactions
6. The Last Word
Companies Mentioned
GCash
For more information about this report visit https://www.researchandmarkets.com/r/o8cn7
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