How big is the Japan Payments Market?

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

What is the current Japan Payments Market size?

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

Who are the key players in Japan Payments Market?

Mer Pay Co. Ltd (MerPay), Mitsubishi UFJ Financial Group, Resona Holdings, KDDI Corporation (AuPay) and Japan Post Bank Co. Ltd. are the major companies operating in the Japan Payments Market. Read More

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

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

Japan Payments Market - Share, Report & Size

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

Japan Payment System Market is Segmented by Mode of Payment (Point of Sale (Card Payments, Digital Wallet, Cash, and Other Modes of Payment), Online Sale (Card Payments, Digital Wallet)), and by End-user Industries (Retail, Entertainment, Healthcare, Hospitality). The market sizes and forecasts are provided in terms of value (USD) for all the above segments.

Japan Payments Industry Overview

The Japan Payments Market is highly fragmented with the presence of major players like Mer Pay Co. Ltd (MerPay), Mitsubishi UFJ Financial Group, Resona Holdings, KDDI Corporation (AuPay), and Japan Post Bank Co. Ltd. Players in the market are adopting strategies such as partnerships and acquisitions to enhance their product offerings and gain sustainable competitive advantage.

November 2023 - Mitsubishi UFJ Financial Group (MUFG), one of Japan's largest financial services firms, has tapped Amazon Web Services (AWS) to accelerate its digital transformation. MUFG taps AWS for digital transformation As part of a multi-year agreement, MUFG will leverage AWS' cloud technologies to adopt generative artificial intelligence (AI) and machine learning capabilities, automate processes, and offer personalized financial services to meet customer needs.
July 2023 - LINE's virtual Asset and blockchain-related business organization, and PayPay Corporation announced the launch of the "PayPay Linkage Service," which would allow users to use PayPay Money to buy virtual Asset and cash them into PayPay Money on crypto asset trading service "LINE BITMAX."