KPMG releases 'Mobile Payments in Asia Pacific' report

KPMG has released a report detailing the development of m-payment business models and the differences in the structure of the value chain in each country depending on social, economic, regulatory and risk factors. Some facts that emerged: Japan and Korea, known leaders in adoption of digital technology, including m-payments, albeit in specific areas; Hong Kong, Singapore and Taipei, highest mobile penetration areas, have not shown as much adoption of m-payments; vast but less developed markets of China, India, Indonesia, the Philippines display rapid adoption in diverse areas of m-payment; Thailand, Malaysia and Vietnam straddle the two extremes with strong adoption in areas like top up and gaming but less adoption in m-banking and financial services.