The Payment Security Market in Asia-Pacific (2018-2023): A $13.19 Billion Opportunity with Visa, PayPal, SISA, Ingenico Group, and CyberSource Dominating - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Asia-Pacific Payment Security Market (2018-2023)" report has been added to ResearchAndMarkets.com's offering.

The market is expected to grow at CAGR of 13.19% from 2018 to 2023 leading to a global revenue generation of USD 13.19 billion in 2023.

Asian governments are promoting developments in card acceptance infrastructure and in turn increasing debit and credit card usage in emerging markets. Branch and ATM growth rates from 2012-2014 in countries including China, India, Indonesia, Malaysia, Thailand, Philippines, Taiwan and Hong Kong show a fall in the numbers of branches. The payment business has become increasingly competitive. Growth in trade and investment flows between Asia and other parts of the world is driving demand for cross-border payments. However, new regulations and compliance requirements along with the current payment infrastructure do not support the more complex and holistic requirements of new regulations.

The rise of payments in the digital and mobile channels has led to more sophisticated fraud across the Asia-Pacific region. A 2016 Consumer Fraud Survey showed more than a third of consumers in Australia, India and Singapore have experienced card fraud in the last five years.

The APAC region countries such as India, China and Japan have grown exponentially in the e-commerce domain. Indians have changed the way they transact and the country has become home to estimated 3,000 e-commerce hubs and more than 1,200 rural hubs, 390 export hubs and 2,000 import hubs. The rising demand of e-commerce services has been boosting the growth of payment security market due to the implementations of Europay MasterCard and Visa (EMV).

Key Players Profiled

• Visa Inc.
• PayPal (Braintree)
• SISA
• Ingenico Group
• CyberSource

Topics Covered

Chapter 1. Executive Summary

Chapter 2. Introduction - Market Overview

Chapter 3. Asia Pacific Payment Security - China

Chapter 4. Asia Pacific Payment Security - Japan

Chapter 5. Asia Pacific Payment Security - South Korea

Chapter 6. Asia Pacific Payment Security - India

Chapter 7. Asia Pacific Payment Security - Rest of Asia Pacific

Chapter 8. Company Profiles

Chapter 9. Conclusion

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