How big is the Japan Mobile Payments Market?

The Japan Mobile Payments Market size is expected to reach USD 211.13 billion in 2024 and grow at a CAGR of 31.04% to reach USD 815.79 billion by 2029. Read More

What is the current Japan Mobile Payments Market size?

In 2024, the Japan Mobile Payments Market size is expected to reach USD 211.13 billion. Read More

Who are the key players in Japan Mobile Payments Market?

PayPay, Visa Inc., MasterCard Inc., Mitsubishi UFJ Financial Group and Resona Holdings are the major companies operating in the Japan Mobile Payments Market. Read More

What years does this Japan Mobile Payments Market cover, and what was the market size in 2023?

In 2023, the Japan Mobile Payments Market size was estimated at USD 145.60 billion. The report covers the Japan Mobile Payments Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Japan Mobile Payments Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Japan Mobile Payments Market - Size, Share & Industry Analysis

Japan Mobile Payments Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Japan Mobile Payment System Market is Segmented by Point of Sale (Card Payments (includes Debit Cards, Credit Cards, and Bank Financing Prepaid Cards), Digital Wallet (including Mobile Wallets), Cash), Online Sale (Card Payments (including Debit Cards, Credit Cards, Bank Financing Prepaid Cards), Digital Wallet (includes Mobile Wallets)), by End-User Industry (Retail, Entertainment, Healthcare, Hospitality). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

Japan Mobile Payments Industry Overview

The Japanese mobile payments market is semi-consolidated, demonstrating fierce competition between the service providers. Several communication firms are enabling connection with their current apps to accept payments via cell phones. Telecom companies are eager to enter the market with their products. Through Japan, the ecosystem is seeing new participants from other ecologies grow.

November 2023 - Mastercard and NEC collaborated to advance in-store biometric payments strategic partnership between Mastercard and NEC Corporation. Through a signed Memorandum of understanding, the partnership will implement NEC’s face recognition and liveness verification technology and Mastercard’s payment enablement and optimized user experience to drive global scale.
October 2023 - Resona HD to acquire a partial share of Resona Kessai Service, a subsidiary of Resona HD, strengthening the joint sales structure with Resona Group. In collaboration with Resona Group, the Company will provide its latest payment solutions to Resona Group’s clients, and Resona Group will provide its financial solutions to the company group’s clients. The Company’s shares in Resona Kessai Service will range from 15% to 20%. The terms and conditions of the share acquisition, including the number of shares to be transferred and the acquisition price, will be agreed upon through separate discussions between Resona HD and the Company.