Asia Pacific: mobile payment transactions 2025

Mobile payments in various Southeast Asian countries are expected to increase significantly between 2020 and 2025, with some eventually overtaking Australia. Mobile wallet transaction volume in China, India, and Japan, however, is expected to remain much larger than in other countries. This is not surprising, as the proximity mobile payment adoption in these countries - plus South Korea - was among the highest in the world in 2021. This can be attributed to an early adoption of major payment apps. The user count of Alipay in China, for instance, was estimated to be around nearly a billion in 2019. Mobile payments across Indonesia, Malaysia, the Philippines, Singapore, Thailand, and Vietnam, however, are expected to grow heavily following an expected e-commerce boom in Southeast Asia between 2020 and 2025.

Transaction volume of mobile payments in Australia and selected countries in Asia in 2020 with a forecast for 2025 (in million U.S. dollars)

Characteristic	2020	2025	CAGR (%)
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Release date

July 2021

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Region

Australia, Asia, APAC

Survey time period

May 2021

Special properties

The source did not provide figures for other countries in the region - such as South Africa; The source excluded P2P wallets or wallets that can only be used on a single website or app."

Supplementary notes

The source explicitly states that "we look (...) only for open wallets, ie those that have the ability to make payments on multiple sites, rather than in reference to an ability to transfer funds between different wallets. Thus we do not focus on transactions conducted via cards stored by a retailer purely for use on that retailer’s website or mobile app."

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