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
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 with Yelopay.
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.