The Asia Pacific Payment Orchestration Platform Market is expected to witness market growth of 22.9% CAGR during the forecast period (2022-2028).
Whether the platform is usable depends on how accessible and simple it is to use. IT may be required to interfere in some POPs. However, if the platform is designed for corporate customers, managing it is expected to not be very challenging. Users must link the orchestration platform's software to their payment channels before using it. Customers is expected to then have access to POP's dashboard. Users have complete control over all payment-related operations through this dashboard, including billing, settings, user management, etc.
One of the major driving forces behind the market expansion is the rising popularity of the BNPL platform among suppliers. POPs provide ease and flexibility for consumers to pay for merchant services. Merchants are similarly enthusiastic about BNPL adoption because it increases average ticket sales and gives them a boost in customer conversion rates. As a result, companies can install the BNPL platform without making major technological advancements owing to payment orchestration providers. It is anticipated that the widespread use of smartphones and the internet is expected to give the sector more prospects for expansion. Additionally, a lot of companies all over the world are improving their business models.
The Indian e-commerce market has experienced steady expansion. According to the International Trade Administration, after a spike in digital adoption during the COVID-19, the Gross Merchandise Value of the Indian e-commerce business was estimated to reach over $55 Bn in 2021. It is anticipated to reach a gross merchandise value of $350 billion annually by 2030. Additionally, nearly 140 million people were shopping online as of 2021 with over 348 million consumers transacting online. Some of the main factors driving this sector include the young population, rising internet and smartphone use, and relatively stronger economic performance. India is currently the second-largest internet market, with 830 million subscribers.
The China market dominated the Asia Pacific Payment Orchestration Platform Market by Country in 2021, and is expected to continue to be a dominant market till 2028; thereby, achieving a market value of $287.5 million by 2028. The Japan market is estimated to grow a CAGR of 22.1% during (2022 - 2028). Additionally, The India market is expected to experience a CAGR of 23.7% during (2022 - 2028).
Based on Type, the market is segmented into B2B, B2C, and C2C. Based on End Use, the market is segmented into BFSI, E-commerce, Healthcare, Travel & Hospitality, and Others. Based on Functionalities, the market is segmented into Cross Border Transactions, Risk Management, and Advanced Analytics & Reporting. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include CellPoint Digital Ltd., IXOLIT Group, Payoneer, Inc., APEXX Fintech Ltd., Rebilly, Spreedly, Inc., Modo Payments, LLC, Akurateco BV, BNT SOF, and aye4fin GmbH.
Whether the platform is usable depends on how accessible and simple it is to use. IT may be required to interfere in some POPs. However, if the platform is designed for corporate customers, managing it is expected to not be very challenging. Users must link the orchestration platform's software to their payment channels before using it. Customers is expected to then have access to POP's dashboard. Users have complete control over all payment-related operations through this dashboard, including billing, settings, user management, etc.
One of the major driving forces behind the market expansion is the rising popularity of the BNPL platform among suppliers. POPs provide ease and flexibility for consumers to pay for merchant services. Merchants are similarly enthusiastic about BNPL adoption because it increases average ticket sales and gives them a boost in customer conversion rates. As a result, companies can install the BNPL platform without making major technological advancements owing to payment orchestration providers. It is anticipated that the widespread use of smartphones and the internet is expected to give the sector more prospects for expansion. Additionally, a lot of companies all over the world are improving their business models.
The Indian e-commerce market has experienced steady expansion. According to the International Trade Administration, after a spike in digital adoption during the COVID-19, the Gross Merchandise Value of the Indian e-commerce business was estimated to reach over $55 Bn in 2021. It is anticipated to reach a gross merchandise value of $350 billion annually by 2030. Additionally, nearly 140 million people were shopping online as of 2021 with over 348 million consumers transacting online. Some of the main factors driving this sector include the young population, rising internet and smartphone use, and relatively stronger economic performance. India is currently the second-largest internet market, with 830 million subscribers.
The China market dominated the Asia Pacific Payment Orchestration Platform Market by Country in 2021, and is expected to continue to be a dominant market till 2028; thereby, achieving a market value of $287.5 million by 2028. The Japan market is estimated to grow a CAGR of 22.1% during (2022 - 2028). Additionally, The India market is expected to experience a CAGR of 23.7% during (2022 - 2028).
Based on Type, the market is segmented into B2B, B2C, and C2C. Based on End Use, the market is segmented into BFSI, E-commerce, Healthcare, Travel & Hospitality, and Others. Based on Functionalities, the market is segmented into Cross Border Transactions, Risk Management, and Advanced Analytics & Reporting. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include CellPoint Digital Ltd., IXOLIT Group, Payoneer, Inc., APEXX Fintech Ltd., Rebilly, Spreedly, Inc., Modo Payments, LLC, Akurateco BV, BNT SOF, and aye4fin GmbH.
Scope of the Study
Market Segments Covered in the Report:
By Type
- B2B
- B2C
- C2C
By End Use
- BFSI
- E-commerce
- Healthcare
- Travel & Hospitality
- Others
By Functionalities
- Cross Border Transactions
- Risk Management
- Advanced Analytics & Reporting
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- CellPoint Digital Ltd.
- IXOLIT Group
- Payoneer, Inc.
- APEXX Fintech Ltd.
- Rebilly
- Spreedly, Inc.
- Modo Payments, LLC
- Akurateco BV
- BNT SOF
- aye4fin GmbH
Unique Offerings from the Publisher
- Exhaustive coverage
- The highest number of Market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market Overview
Chapter 3. Competition Analysis - Global
Chapter 4. Asia Pacific Payment Orchestration Platform Market by Type
Chapter 5. Asia Pacific Payment Orchestration Platform Market by End Use
Chapter 6. Asia Pacific Payment Orchestration Platform Market by Functionalities
Chapter 7. Asia Pacific Payment Orchestration Platform Market by Country
Chapter 8. Company Profiles
Companies Mentioned
- CellPoint Digital Ltd.
- IXOLIT Group
- Payoneer, Inc.
- APEXX Fintech Ltd.
- Rebilly
- Spreedly, Inc.
- Modo Payments, LLC
- Akurateco BV
- BNT SOF
- aye4fin GmbH
Methodology
LOADING...
