Saturday, September 20, 2014

Mobile Commerce in Asia Continues to Zig as the World Zags

Mobile Commerce in Asia: Key Figures

  • By 2014, the Asia-Pacific (APAC) region is expected to become the largest e-commerce market in the world, led by China, India, and Indonesia (eMarketer, 2013) 
  • In 2013, Pizza Hut sold $2 billion worth of pizza online in Asia, and 72 percent of this was done through mobile transactions (Media Masters Conference, 2013) 
  • In 2013, Mainland China overtook the U.S. to become the largest smartphone market in the world (eMarketer, 2014) 
  • Asia-Pacific is the number one region globally of Facebook user growth, at 900 percent in 2013, with 92 percent of Japanese accessing Facebook via mobile (Facebook data, 2013) 
  • APAC consumers lead the world in multi-screening at 439 minutes per week versus 417 globally. Thirty-six percent comes from smartphones. (Millward Brown study, 2014) 
  • Forty-five percent of APAC consumers use mobile phones to compare prices. This is the highest globally, with the U.S. coming in at 28 percent (eMarketer, 2014) 
  • South Korea, at 51 percent, is the top market for mobile banking use. China (41 percent), Australia (40 percent), and the U.S. (38 percent) round out the top four. (eMarketer, 2014) 
So what are people buying? Well in Asia, apps are still the number one purchase, according to Warc, with Thailand at 37.9 percent, Vietnam at 31 percent, and Malaysia at 30.4 percent. However, we are starting to see a shift from people purchasing digital-only goods via mobile to the purchase of higher-end retail goods such as fashion, grocery, and even auto in certain cases. 

The main mechanisms people are using to buy goods are the mobile Internet at 36 percent, mobile apps at 24 percent, SMS at 19 percent, and NFC (near field communication) at 12 percent. 

SMS payment is mostly used in China and represents 30.5 percent of all mobile payment solutions in that market. Mobile phones linked to a credit card make up just 13.6 percent of mobile payment solutions. 

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