DUBLIN–(BUSINESS WIRE)–The “Growth Opportunities in the Asia-Pacific B2B Payments Market, Forecast to 2025” report has been added to ResearchAndMarkets.com’s offering.
Digital payments technology adoption in Asia-Pacific remains in a nascent stage, and unlike digital payment methods used by consumers in which streamlined checkout processes accept instant payment using credit cards, the bulk of B2B payments is still tied to paper checks and manual processes.
The future of digital payments is driven by applications and innovations created through partnerships and collaborations among industry stakeholders that are driving digital transformation. Asia-Pacific’s B2B payments market is being spurred by a growing B2B eCommerce market and by the appearance of financial technology (fintech) participants that recognize increasing market opportunities. With the integration of technologies such as a hyperledger framework, open API, and encryption, enterprises are heading towards an era that is borderless, paperless, reliable, and characterized by secure digital payments via a seamless process with minimal disruption.
Security concerns such as data breaches or identity theft act as a key restraint in the B2B payments space; similarly, lingering debt and payment delay can present a risk and place pressure on business cash flow. To minimize these risks and concerns, solutions such as electronic invoicing (eInvoicing) and blockchain can drive B2B payment transitions towards a better customer experience.
The use of blockchain technology has become a payments industry best practice that caters to the demand from cross-border transactions, online payment, and digital remittances for direct transaction between parties. Blockchain will eventually lead to instant transfers and minimum cost compared to other payment networks.
Countries Covered:
Australia, China, Japan, Indonesia, Malaysia, Singapore, South Korea, Vietnam, India, and the Philippines
B2B Payment Solution Providers Profiled:
Visa, Mastercard, EKO-PAY, Invapay, iPayLinks, PayPal, Western Union, Transferwise, Payoneer, and Earthport
Key Issues Addressed
Key Topics Covered:
1. Executive Summary
2. Market Overview – Total B2B Payments Market
3. Drivers & Restraints – Total B2B Payments Market
4. Forecast and Trends – Total B2B Payments Market
5. Key B2B Payments Solution Providers in Asia-Pacific
6. B2B Payments in Indonesia
7. B2B Payments in Vietnam
8. Growth Opportunities and Companies to Action
9. The Last Word
10. Appendix
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/i2hmaz
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