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Latest Country Survey - Asia Pacific

Credit to Cambodia's burgeoning cards market

  • Author: EPI editorial
  • Published: 24 Apr 2017

Cambodia is a largely cash-based society, as a result of low banking penetration, a lack of consumer knowledge of other payment instruments such as payment cards, and limited access to payment infrastructure. However, the small credit card market is receiving support and growing strongly. read more

Payments are a thriller in Manila

  • Author: EPI editorial
  • Published: 11 Apr 2017

Cash’s dominance of the payments landscape in the Philippines is verging on total, with much of the population unbanked and consumer awareness of electronic payments limited. Initiatives by the central bank, and migrants’ increasing use of electronic payments to send money home could be catalysts for change, however. read more

Pakistani payments proliferation

  • Author: EPI editorial
  • Published: 24 Nov 2016

For an economy of its size the prevalence of cash in Pakistan is particularly striking, as it dominates both retail and business transactions. With banks slow to promote payment cards and merchants reluctant to accept them, is there any immediate hope for issuers? Timetric’s researchers found some answers. read more

Electronic payment volumes over and above down under

  • Author: EPI editorial
  • Published: 9 Nov 2016

Few payment card markets are more developed than Australia’s: The average number of monthly card transactions, and the average annual spend per card are higher in Australia than in the US, the UK, Canada and Germany. Timetric’s analysts took a closer look at payments in the Great Southern Land. read more

Is rural China on the cusp of an electronic payments revolution?

  • Author: EPI editorial
  • Published: 29 Aug 2016

China is Asia’s largest payment cards market in terms of card transaction value and volume, accounting for 74.7% and 41.2% respectively. The average annual spend per card is also high in China, at $1,501.40 – compared to some of its regional peers such as Malaysia ($651.20), Indonesia ($290) and India ($88.70). read more

Vietnam is a pocket rocket for cards and electronic payments

  • Author: EPI editorial
  • Published: 8 Aug 2016

Vietnam remains a cash-dominant country, with much of its population having no access to the formal banking system. A large proportion of Vietnam’s population lives in rural areas and depends on moneylenders and other informal providers to access financial services.. read more

Eastern Promise: Japan

  • Author: EPI editorial
  • Published: 22 Jun 2016

Despite its reputation for technological advancement, Japan remains a largely cash-dominated society. Will tourism and the upcoming Olympic Games change consumer habits?. read more

Hong Kong on an electronic payments high

  • Published: 12 Apr 2016

A number of factors are driving Hong Kong’s card and electronic payments market: a highly developed public transport ticketing system, an increase in popularity of premium cards and a highly banked population (96.1%). Cross-border trade between Hong Kong and China is also fuelling the market. read more

Country Survey: Malaysia starting to make its mark

  • Author: EPI editorial
  • Published: 16 Dec 2015

Improving infrastructure, potential global expansion and a fast-growing e-commerce market are making Malaysia an increasingly attractive market in the region. Despite the growth and increasing potential, however, Malaysia is still dominated by cash with cards only slowly garnering some market share. read more

Country Survey: Inconsistent card usage in China

  • Author: EPI editorial
  • Published: 16 Dec 2015

China was Asia's largest payment cards market in 2014, in terms of card transaction value and volumes, accounting for 73.2% and 38.6% respectively. Cash was the predominant payment instrument between 2010 and 2014, especially among the rural population which is yet to embrace other forms of payment. read more

Indonesia embraces cash alternatives

  • Author: EPI editorial
  • Published: 13 Nov 2015

Prepaid card growth, population growth, EMV migration, not to mention economic growth- there is plenty going on in Indonesia to drive the payments market, despite the central bank imposing tighter controls on consumer credit lending. It is also the perfect breeding ground for mobile payments. read more

Azerbaijan turning towards digital

  • Author: EPI editorial
  • Published: 23 Oct 2015

Azerbaijan’s payments industry demonstrated robust growth over the last five years. Improved banking infrastructure, growing banked population, and government efforts to accelerate electronic payments in the country contributed to the industry’s growth between 2010 and 2014, a growth set to continue. read more

South Korea’s cards remain competitive

  • Author: EPI editorial
  • Published: 20 Oct 2015

South Korea’s payment cards market is one of the most competitive and attractive in the Asia Pacific region. It is mature and over-served, with credit and debit card penetration rates of 1.8 and 3.0 respectively per inhabitant in 2014. However, is this appealing market set to remain that way in the near future?. read more

Kazakhstan- cards and payments growth anticipated

  • Author: EPI editorial
  • Published: 23 Sep 2015

Mobile payments and a growing banking infrastructure are contributing to a slowly growing banked population in Kazakhstan. Government and central bank initiatives are at the heart of this growth, which is expected to increase in the coming years. read more

Country survey: Australia

  • Author: EPI editorial
  • Published: 14 Sep 2015

A healthy contactless market with widescale adoption, a steadily growing mobile payments segment and positive effects from new regulatory impositions, such as companion cards, are all strong features of Australia’s buoyant cards and payments sector. read more

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