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Singapore Mobile Payment Market
Published Date: December 2019
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Report Code: ALLI-Manu-2T9
Home | Market Reports | Business & Industrial | Business Finance
Singapore Mobile Payment Market

Singapore Mobile Payment Market

Code: ALLI-Manu-2T9
Report
December 2019
Pages:128
Allied Market Research
Description
Table of Content
Tables & Figures

Mobile payment refers to payment services remotely performed through messages or mobile apps. Various mobile payment media, such as near-field communication (NFC), have been introduced to facilitate rapid money transfer. E-payment methods have been widely used in Vietnam, owing to change in customer preference from cash to digital payments and technological developments. In addition, rise in adoption of smartphones and increase in internet penetration have fostered several banks in the country to implement immediate payment services.

Surge in need for immediate transactions in Singapore is anticipated to be one of the major drivers of the Singapore mobile payment market. In December 2017, Vietnam's e-payment pioneer, MoMo, signed an agreement with a U.S.-based ride-hailing company, Uber Technologies, to enable passengers to pay for rides along with utility bills, airline tickets, and online purchases using the MoMo app. Moreover, banks in Vietnams have been focusing on e-payment; for instance, Sacombank and Maritime Bank have launched their own QR code-based online payment services, which are used at stores and restaurants. Thus, growth of the e-commerce industry, increased penetration of smartphones, improvement in standard of living, and need for quick & hassle-free transactions drive the growth of the mobile payment market in Vietnam. However, data breaches & security concerns are expected to impede the market growth. Conversely, rise in awareness about mobile payment, exposure to social media, and increase in popularity of cashless payments in Singapore are expected to present major opportunities for market expansion during the forecast period.

The Singapore mobile payment market is categorized based on type, mode of transaction, type of purchase, application, and end user. Depending on type, the market is bifurcated into proximity payment and remote payment. By mode of transaction, it comprises short message service (SMS), near-field communication (NFC), and wireless application protocol (WAP). On the basis of type of purchase, it is segmented into airtime transfer & top-ups, money transfers & payments, merchandise & coupons, travel & ticketing, and others. The applications covered in the study include hospitality & tourism, media & entertainment, retail, healthcare, energy & utilities, IT & telecommunication, and others. According to end user, the market is classified into personal and business.

Key Benefits for Stakeholders

  • This study includes the analytical depiction of the Singapore mobile payment market along with current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities.
  • The current market is quantitatively analyzed from 2016 to 2025 to highlight the financial competency of the industry.
  • Porter’s Five Forces analysis illustrates the potency of buyers & suppliers in the Singapore mobile payment industry.

Singapore Mobile Payment Market Key Segments by Type

  • Proximity payment
  • Remote payment 
  • By Mode Of Transaction
  • Short message service (SMS)
  • Near-field communication (NFC)
  • Wireless application protocol (WAP)

By End User

  • Personal
  • Business

By Type Of Purchase

  • Airtime transfer & top-up
  • Money transfer & payment
  • Merchandise & coupon
  • Travel & ticketing
  • Others

By Applications

  • Hospitality & tourism
  • Media & entertainment
  • Retail
  • Healthcare
  • Energy & utilities
  • IT & telecommunication
  • Others

Key Market Players

  • Mobivi
  • NganLuong
  • OnePay
  • Smartlink
  • Orange S.A.
  • PayPal Holdings, Inc.
  • Payoo
  • MOMO
  • 123Pay
  • SohaPay

CHAPTER 1: INTRODUCTION

1.1. Report description

1.2. Key benefits for stakeholders

1.3. Research methodology

1.3.1. Secondary research

1.3.2. Primary research

1.3.3. Analyst tools & models

CHAPTER 2: EXECUTIVE SUMMARY

2.1. CXO perspective

CHAPTER 3: MARKET OVERVIEW

3.1. Market definition and scope

3.2. Key findings

3.2.1. Top impacting factors

3.2.2. Top investment pockets

3.2.3. Top winning strategies

3.3. Porter's five forces analysis

3.4. Key Player Positioning, 2016

3.5. Market dynamics

3.5.1. Drivers

3.5.1.1. Increase in penetration of smartphones

3.5.1.2. Growth of the m-commerce industry

3.5.1.3. Development of the fintech & payment industry

3.5.2. Restraints

3.5.2.1. Data breach & security concerns

3.5.3. Opportunities

3.5.3.1. Increase in demand for fast & hassle-free transaction services

3.5.3.2. Initiatives to drive cashless payments in Vietnam

CHAPTER 4: SINGAPORE MOBILE PAYMENT MARKET, BY TYPE

4.1. Overview

4.2. Proximity payment

4.2.1. Key market trends, growth factors, and opportunities

4.2.2. Market size and forecast

4.3. Remote payment

4.3.1. Key market trends, growth factors, and opportunities

4.3.2. Market size and forecast

CHAPTER 5: SINGAPORE MOBILE PAYMENT MARKET, BY MODE OF TRANSACTION

5.1. Overview

5.2. Short message service (SMS)

5.2.1. Key market trends, growth factors, and opportunities

5.2.2. Market size and forecast

5.3. Wireless application protocol (WAP)

5.3.1. Key market trends, growth factors, and opportunities

5.3.2. Market size and forecast

5.4. Near-field communication (NFC)

5.4.1. Key market trends, growth factors, and opportunities

5.4.2. Market size and forecast

CHAPTER 6: SINGAPORE MOBILE PAYMENT MARKET, BY END USER

6.1. Overview

6.2. Personal

6.2.1. Key market trends, growth factors, and opportunities

6.2.2. Market size and forecast

6.3. Business

6.3.1. Key market trends, growth factors, and opportunities

6.3.2. Market size and forecast

CHAPTER 7: SINGAPORE MOBILE PAYMENT MARKET, BY APPLICATION

7.1. Overview

7.2. Hospitality & tourism

7.2.1. Key market trends, growth factors, and opportunities

7.2.2. Market size and forecast

7.3. Media & entertainment

7.3.1. Key market trends, growth factors, and opportunities

7.3.2. Market size and forecast

7.4. Retail

7.4.1. Key market trends, growth factors, and opportunities

7.4.2. Market size and forecast

7.5. Healthcare

7.5.1. Key market trends, growth factors, and opportunities

7.5.2. Market size and forecast

7.6. Energy & utilities

7.6.1. Key market trends, growth factors, and opportunities

7.6.2. Market size and forecast

7.7. IT & telecommunications

7.7.1. Key market trends, growth factors, and opportunities

7.7.2. Market size and forecast

7.8. Others

7.8.1. Key market trends, growth factors, and opportunities

7.8.2. Market size and forecast

CHAPTER 8: SINGAPORE MOBILE PAYMENT MARKET, BY TYPE OF PURCHASE

8.1. Overview

8.2. Airtime transfers & top-ups

8.2.1. Key market trends, growth factors, and opportunities

8.2.2. Market size and forecast

8.3. Money transfers & payments

8.3.1. Key market trends, growth factors, and opportunities

8.3.2. Market size and forecast

8.4. Merchandise & coupons

8.4.1. Key market trends, growth factors, and opportunities

8.4.2. Market size and forecast

8.5. Travel & ticketing

8.5.1. Key market trends, growth factors, and opportunities

8.5.2. Market size and forecast

8.6. Others

8.6.1. Key market trends, growth factors, and opportunities

8.6.2. Market size and forecast

CHAPTER 9: COMPANY PROFILES

9.1. Mobivi

9.1.1. Company overview

9.1.2. Company snapshot

9.1.3. Product portfolio

9.2. MOMO (M_Service)

9.2.1. Company overview

9.2.2. Company snapshot

9.2.3. Product portfolio

9.2.4. Key strategic moves and developments

9.3. National Payment Corporation of Singapore (Smartlink card JSC)

9.3.1. Company overview

9.3.2. Company snapshot

9.3.3. Product portfolio

9.3.4. Key strategic moves and developments

9.4. NganLuong.vn

9.4.1. Company overview

9.4.2. Company snapshot

9.4.3. Product portfolio

9.4.4. Key strategic moves and developments

9.5. OnePay

9.5.1. Company overview

9.5.2. Company snapshot

9.5.3. Product portfolio

9.5.4. Key strategic moves and developments

9.6. Orange S.A.

9.6.1. Company overview

9.6.2. Company snapshot

9.6.3. Operating business segments

9.6.4. Product portfolio

9.6.5. Business performance

9.6.6. Key strategic moves and developments

9.7. PayPal Holdings, Inc.

9.7.1. Company overview

9.7.2. Company snapshot

9.7.3. Operating business segments

9.7.4. Product portfolio

9.7.5. Business performance

9.7.6. Key strategic moves and developments

9.8. SohaPay Electronic Payment Tool

9.8.1. Company overview

9.8.2. Company snapshot

9.8.3. Product portfolio

9.9. VietUnion Online Services Corporation (Payoo)

9.9.1. Company overview

9.9.2. Company snapshot

9.9.3. Product portfolio

9.9.4. Key strategic moves and developments

9.10. VNG Corporation

9.10.1. Company overview

9.10.2. Company snapshot

9.10.3. Operating business segments

9.10.4. Product portfolio

TABLE 01. SINGAPORE MOBILE PAYMENT MARKET REVENUE, BY TYPE, 20162025 ($MILLION)

TABLE 02. SINGAPORE PROXIMITY MOBILE PAYMENT MARKET, 20162025 ($MILLION)

TABLE 03. SINGAPORE REMOTE MOBILE PAYMENT MARKET, 20162025 ($MILLION)

TABLE 04. SINGAPORE MOBILE PAYMENT MARKET REVENUE, BY MODE OF TRANSACTION, 20162025 ($MILLION)

TABLE 05. SINGAPORE SMS MOBILE PAYMENT MARKET, 20162025 ($MILLION)

TABLE 06. SINGAPORE WAP MOBILE PAYMENT MARKET, 20162025 ($MILLION)

TABLE 07. SINGAPORE NFC MOBILE PAYMENT MARKET, 20162025 ($MILLION)

TABLE 08. SINGAPORE MOBILE PAYMENT MARKET REVENUE, BY END USER, 20162025 ($MILLION)

TABLE 09. SINGAPORE MOBILE PAYMENT MARKET FOR PERSONAL USE, 20162025 ($MILLION)

TABLE 10. SINGAPORE MOBILE PAYMENT MARKET FOR BUSINESS USE, 20162025 ($MILLION)

TABLE 11. SINGAPORE MOBILE PAYMENT MARKET REVENUE, BY APPLICATION, 20162025 ($MILLION)

TABLE 12. SINGAPORE MOBILE PAYMENT MARKET FOR HOSPITALITY & TOURISM, 20162025 ($MILLION)

TABLE 13. SINGAPORE MOBILE PAYMENT MARKET FOR MEDIA & ENTERTAINMENT, 20162025 ($MILLION)

TABLE 14. SINGAPORE MOBILE PAYMENT MARKET FOR RETAIL, 20162025 ($MILLION)

TABLE 15. SINGAPORE MOBILE PAYMENT MARKET FOR HEALTHCARE, 20162025 ($MILLION)

TABLE 16. SINGAPORE MOBILE PAYMENT MARKET FOR ENERGY & UTILITIES, 20162025 ($MILLION)

TABLE 17. SINGAPORE MOBILE PAYMENT MARKET FOR IT & TELECOMMUNICATION, 20162025 ($MILLION)

TABLE 18. SINGAPORE MOBILE PAYMENT MARKET FOR OTHERS, 20162025 ($MILLION)

TABLE 19. SINGAPORE MOBILE PAYMENT MARKET REVENUE, BY TYPE OF PURCHASE, 20162025 ($MILLION)

TABLE 20. SINGAPORE MOBILE PAYMENT MARKET FOR AIRTIME TRANSFER & TOP-UPS, 20162025 ($MILLION)

TABLE 21. SINGAPORE MOBILE PAYMENT MARKET FOR MONEY TRANSFERS & PAYMENTS, 20162025 ($MILLION)

TABLE 22. SINGAPORE MOBILE PAYMENT MARKET FOR MERCHANDISE & COUPONS, 20162025 ($MILLION)

TABLE 23. SINGAPORE MOBILE PAYMENT MARKET FOR TRAVEL & TICKETING, 20162025 ($MILLION)

TABLE 24. SINGAPORE MOBILE PAYMENT MARKET FOR OTHERS, 20162025 ($MILLION)

TABLE 25. MOBIVI: COMPANY SNAPSHOT

TABLE 26. MOBIVI: PRODUCT PORTFOLIO

TABLE 27. MOMO: COMPANY SNAPSHOT

TABLE 28. MOMO: PRODUCT PORTFOLIO

TABLE 29. NATIONAL PAYMENT CORPORATION OF VIETNAM: COMPANY SNAPSHOT

TABLE 30. NATIONAL PAYMENT CORPORATION OF VIETNAM: PRODUCT PORTFOLIO

TABLE 31. NGANLUONG.VN: COMPANY SNAPSHOT

TABLE 32. NGANLUONG.VN: PRODUCT PORTFOLIO

TABLE 33. ONEPAY: COMPANY SNAPSHOT

TABLE 34. ONEPAY: PRODUCT PORTFOLIO

TABLE 35. ORANGE S.A.: COMPANY SNAPSHOT

TABLE 36. ORANGE S.A.: PRODUCT CATEGORIES

TABLE 37. ORANGE S.A.: PRODUCT PORTFOLIO

TABLE 38. PAYPAL HOLDINGS, INC.: COMPANY SNAPSHOT

TABLE 39. PAYPAL HOLDINGS, INC.: OPERATIONS

TABLE 40. PAYPAL HOLDINGS, INC.: PRODUCT PORTFOLIO

TABLE 41. SOHAPAY ELECTRONIC PAYMENT TOOL: COMPANY SNAPSHOT

TABLE 42. SOHAPAY ELECTRONIC PAYMENT TOOL: PRODUCT PORTFOLIO

TABLE 43. VIETUNION ONLINE SERVICES CORPORATION: COMPANY SNAPSHOT

TABLE 44. VIETUNION ONLINE SERVICES CORPORATION: PRODUCT PORTFOLIO

TABLE 45. VNG CORPORATION: COMPANY SNAPSHOT

TABLE 46. VNG CORPORATION: OPERATING SEGMENTS

TABLE 47. VNG CORPORATION: PRODUCT PORTFOLIO FIGURE 01. SINGAPORE MOBILE PAYMENT MARKET, 20162025

FIGURE 02. SINGAPORE MOBILE PAYMENT MARKET, 20162025

FIGURE 03. SINGAPORE MOBILE PAYMENT MARKET: KEY PLAYERS

FIGURE 04. SINGAPORE MOBILE PAYMENT MARKET SEGMENTATION

FIGURE 05. SINGAPORE MOBILE PAYMENT MARKET: TOP IMPACTING FACTOR

FIGURE 06. SINGAPORE MOBILE PAYMENT MARKET: TOP INVESTMENT POCKETS

FIGURE 07. TOP WINNING STRATEGIES, BY YEAR, 20152018*

FIGURE 08. TOP WINNING STRATEGIES, BY DEVELOPMENT, 20152018* (%)

FIGURE 09. TOP WINNING STRATEGIES, BY COMPANY, 20152018*

FIGURE 10. LOW BARGAINING POWER OF SUPPLIER

FIGURE 11. MODERATE-TO-HIGH BARGAINING POWER OF BUYER

FIGURE 12. HIGH THREAT OF SUBSTITUTES

FIGURE 13. MODERATE-TO-HIGH THREAT OF NEW ENTRANTS

FIGURE 14. HIGH COMPETITIVE RIVALRY

FIGURE 15. SINGAPORE MOBILE PAYMENT MARKET: KEY PLAYER POSITIONING, 2016

FIGURE 16. DRIVERS, RESTRAINTS, AND OPPORTUNITIES

FIGURE 17. ORANGE S.A.: REVENUE, 20152017 ($MILLION)

FIGURE 18. ORANGE S.A.: REVENUE SHARE BY SEGMENT, 2017 (%)

FIGURE 19. PAYPAL HOLDINGS, INC.: REVENUE, 20152017 ($MILLION)

FIGURE 20. PAYPAL HOLDINGS, INC.: REVENUE SHARE BY GEOGRAPHY, 2017

 

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