NEW YORK, Dec. 13, 2016 /PRNewswire/ -- Spearheading Cashless Societies
Countries within Asia-Pacific are trying to go cashless; mobile payment has been identified as an ideal solution to spearhead the transformation from cash-based to cashless solutions. Asia-Pacific is expected to continue to lead the world in mobile payment developments with smartphone penetration being the highest in the world. With standardization and increasing the openness of countries towards FinTech, competition will increase as barriers to market entry are lowered. This study is based on primary interviews in combination with extensive secondary research. It covers Asia-Pacific trends and details updates within developed and developing countries. The time frame is from 2015 to 2021, of which the forecast period is from 2017 to 2021.
Key Questions This Study Will Answer
What is the size (historical, current, and future) of the total Asia-Pacific mobile payment market? Is the market growing, and how long will it continue to grow and at what rate?
What are the use cases and drawbacks of mobile payments? What are the key drivers and restraints impacting the growth of this market?
What are the key trends and opportunities in the market?
Is NFC as a mobile phone interface the key adoption driver needed for mobile payments?
What are key success factors that will support the growth of mobile payments?
Will cash payments be eventually phased out? If yes, then by when?
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