Asia-Pacific Online Payment Methods
There are many different online
payment methods available around the world including in the Asia-Pacific
areas. Let’s look at the most popular ones for this region
of the world and a few new online payment methods.
The largest Asia market is China
and online and mobile payments that are the most popular are Alipay
and Tencent. Behind the top two are 99Bill, Lakala Payment and China
PnR. Online payment users continue to increase in China with 300
million in June of this past year.
Customers in Japan continue
to use credit cards and bank transfers to make online payments but
Japan has launched a new mobile payment method this past year, Line
Pay, based in Korea. Also launching this year in Japan was a payment
transfer system through Facebook from Rakuten Bank. South Korea
had a new mobile payment method launched called KakaoTalk, by Daum
Kakao while Samsung introduced the Samsung Wallet in cooperation
The most popular online payment
method for Australians continues to be credit cards. Online payment
methods in India really haven’t taken off while the same is
true in Pakistan and Vietnam.
While credit cards are still
by far the most popular online payment method, e-wallet alternatives
are gaining popularity in many countries around the world including
those in the Asia-Pacific areas.