Card Payment, Mobile Payment and Mobile Money in Asia/Pacific (excluding Japan).

The trend is global; ramp up Smartphone adoption drives all the excitements. Internet boom via smartphones is henceforth a locomotive for each disruptive innovation in our mobile-driven age. The mCommerce emerge rapidly feeding the growth for mPayments.

When it comes to mobile payments across Asia/Pacific (excluding Japan), according to IDC, NFC-based proximity solutions such as Apple Pay and Android Pay will only take hold in a few mature Asian markets as their adoption is constrained by the low penetration of NFC in smartphones and readers in Emerging Asia. 

Mobile wallets, especially those based on semi-closed platforms, will drive much of the growth in Emerging Asian markets. 

IDC also announces a significant opportunity for mobile point of sale (mPOS) device and solution vendors seeking to address gaps in card present (CP) payment scenarios in physical locations, which requires payments to be verified either by NFC or even quick response (QR) codes.

International Data Corporation (IDC) predicts worldiwde mobile payments will account for $1 trillion USD in value in 2017, up 124% from the less than $500 billion USD expected in 2015.