The Asia-Pacific (APAC) Card Payment Processing Market is expected to grow significantly over the forecast period (2020 to 2025). The rising preference for cashless payments owing to greater convenience, favorable government policies are the key drivers of the Card Payment Processing Market in the APAC region. The total addressable market for APAC Card Payment Processing Market is projected to reach USD 13,329.5 million by 2025, at a CAGR of 22.45 % over the forecast period (2020 to 2025), according to QuantAlign Research.

Over the past decade, payment technology has changed rapidly on account of rising e-commerce market, and rapid rise in smartphone penetration across the emerging economies. The demand for smartphone in APAC is increasing at the highest rate across the globe, and with technological advancement such as 5G, the number of consumers is expected to augment over the coming years. These developments have prompted retail stores, and other commerce services to adopt and integrate mobile payment applications, such as PayPal, Apple Pay, AliPay, and many others in order to accept payments. Opportunities in the APAC region have drawn the attention of major global payment processing players. With cards becoming the primary mode of payment online for the services and goods, the APAC Card Payment Processing Market is poised to grow at a significant CAGR.


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Key Insight
 Based on payment card, Visa dominated the APAC market, and is projected to retain its dominance during 2020-2025. The segment growth is attributed to the company scale, and shift to digital commerce in APAC region

 On the basis of payment mode, the E-Wallet segment has emerged as the largest mode of payment owing to large volume of cross border transaction

 Regionally, China held the major market share of xx% in 2019, and is likely to maintain its dominance over the forecast period. Moreover, India is expected to emerge as a fastest growing market in APAC region over the forecast period




Key questions Answered in the report:

• What is the current total market, and projected revenue for the Asia-Pacific (APAC) Card Payment Processing Market from 2020 to 2027?
• On what basis is the market segmented?
• How has the Asian market for Card Payment Processing performed, and what are its key drivers?
• What shares do the major regional markets occupy?
• What would be influence of the changing payment technology on the market?
• Who are the major players in the APAC Card Payment Processing Market?
• What are the key strategies adopted by the players operating in the Asia-Pacific (APAC) Card Payment Processing Market?
• What has been the impact of COVID-19 on the APAC Card Payment Processing Market?

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The report examines and provides an extensive overview of the Asian market. The report identifies key industry trends, and covers APAC Card Payment Processing market landscape. The report builds a short- and long-term forecast model covering the period between 2017 to 2027.

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