10 data points that underscore the growth of Asia Pacific’s payments space

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US$1.1 Billion: the expected size of Malaysia's m-commerce industry by 2015.

37.05%: The CAGR of Vietnam's card market between 2008-2012, from 14 million cards in 2008 to 49.4 million cards in 2012. The cards industry in Vietnam is forecast to grow at 10.79% between 2013 to 2017 to reach 86.4 million cards according to RnRmarketresearch.

US$1.3 Billion: The total value of the Vietamese e-commerce market by 2015, up from US$ 700 million in 2012, according to the Vietnam E-Commerce and Information Technology Agency (VECITA)

9.5%: The projected CAGR of non-cash transactions in Asia Pacific as a whole. Asia Pacific has seen the fastest growth of non-cash transactions in the world since 2005 and is expected to continue through to 2016 according to CEB Tower Group

74 million: The number of debit and credit cards in Thailand according to Bangkok Post. The healthy growth of non-cash payments has been supported by initiatives from the bank of Thailand, banks, payment systems providers and advances in e&m-commerce. The central bank of Thailand is especially urging greater use of debit cards.

35,000: The number of mPOS accounts that Kasikorn Bank of Krungsri expect to have by the end of 2013 after launching late 2012.

45.6- Singapore's score on Mastercard's Mobile Payments Readiness Index, making it the most mobile payment ready nation in the world. Within Southeast Asia, Philippines came in second, followed by Malaysia, Thailand, Vietnam and Indonesia.

60,000 – The number of users that subscribed to BBM Money in Indonesia within 90 days.

US$20 billion- The amount transferred over m-payment services in Emerging Asia Pacific in 2012. This is set to grow steadily in the next 5 years to more than US$90 billion according to Analysys Mason.

US$27.1 – China's expected M-commerce sales by 2014. By 2015, this could well be over $41 billion.

 

Not convinced that you should be investing in Asia's rapid payments growth? We'll be hosting Total Payments Asia in Bangkok this October 8-9, showcasing some regional innovations and key payments stakeholders which is not to be missed if you're thinking of making a footprint in the regional market. Download the prospectus for free to find out how you can be involved in the event.

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