2020 Insights on Debit Card Trends in the Asia-Pacific Region – Featuring Google, JCB & Mastercard Among Others – ResearchAndMarkets.com

DUBLIN–()–The “Debit Card Trends in the Asia-Pacific Region” report has been added to ResearchAndMarkets.com’s offering.

This report finds that debit card use in the region is far from monolithic. Countries such as Australia and Japan have some similarities to the North American debit market, with a high degree of financial inclusion and a long history of card use. In contrast, countries such as China, India and Indonesia have relied primarily on cash until very recently.

The analyst finds some interesting trends in debit card adoption in each country. Those nations that have been primarily cash based societies are moving towards mobile based solutions supported by QR codes at the point of sale at an incredible pace. This approach also supports another trend; the preference for local networks with technology and data that never leave the country.

Highlights of the report include:

  • Analysis of the most influential trends in the debit card market in Australia, China, India, Indonesia, Japan, Korea, and Singapore
  • A review for each country of account ownership, the number of debit cards issued, 2019 transaction levels and value processed expressed in U.S. dollars for comparison purposes
  • Transaction volumes processed by country from 2015 through 2019, with pre-and post- pandemic forecasts for 2020-2021

This report provides an overview of the market for debit cards, whether in plastic format or a digital manifestation in seven Asia-Pacific nations. The report compares the influence of factors such as financial inclusion, as measured by checking account ownership, and describes the prominent debit network(s) present, the regulatory environment and recent history, as well as current influential trends.

Data provided tracks recent transaction volume and provides volume projections comparing a pre- and post-coronavirus view. The report commentary and forecasts are focused on account-based debit and remove the use of prepaid debit activity where possible. There are some countries however, particularly where account ownership is low, where account-based debit and prepaid debit are comingled by the respective payments reporting agencies.

Key Topics Covered:

1. Executive Summary

2. Introduction

3. Australia

4. China

5. India

6. Indonesia

7. Japan

8. Korea

9. Singapore

10. Conclusion

11. References

Companies Mentioned

  • China Union Pay
  • Facebook
  • Google
  • JCB
  • Mastercard
  • National Payment Corporation of India
  • NetsUnion Clearing Corporation
  • Peoples Bank of China
  • RuPay
  • Visa
  • Walmart

For more information about this report visit https://www.researchandmarkets.com/r/7c25os

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