Asia-Pacific Payments Market Sees Cash Overrun by Digital Wallets, Shares yStats.com

Hamburg, Germany, February 16, 2019 –(PR.com)– Asia-Pacific shows growth in mobile payments

The global leaders of mobile payments lie in the Asia-Pacific region. The yStats.com report cites that mobile devices will be used for payment by the majority of smartphone users in 2019.

E-Commerce experiences an upswing in alternative payment methods

Alternative payment methods soar in Asia-Pacific, making up over half of E-Commerce transaction value. This is largely due to the increased usage of digital wallet services, quotes the yStats.com report.

Digital payment competition heightens throughout Asia-Pacific

Asian FinTech investment fuels the competition among digital payment companies, as mentioned in the yStats.com report. Financial companies and banks have also taken part in this acceleration, developing their own solutions to compete with third-party providers.

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About yStats.com
Founded in 2005 and headquartered in Hamburg, Germany, yStats.com is one of the world’s leading secondary market research companies. We are committed to providing the most up-to-date and objective data on Global B2C E-Commerce and Online Payment markets to sector-leading companies worldwide.

Our multilingual staff researches, gathers, filters and translates information from thousands of reputable sources to synthesize accurate and timely reports in our areas of expertise, covering more than 100 countries and all global regions. Our market reports focus predominantly on online retail and payments, but also cover a broad range of related topics including M-Commerce, Cross-Border E-Commerce, E-Commerce Delivery, Online Gaming and many others. In addition to our wide selection of market reports, we also provide custom market research services.

We are proud to cooperate with companies like Bloomberg and Thomson Reuters. Given our numerous citations in leading media sources and journals worldwide, including Forbes and the Wall Street Journal, we are considered one of the most highly-reputed international secondary market research companies with an expertise in the areas of B2C E-Commerce and Online Payment.