Fintech Market Growth Driven by Contactless and Online Demand
First written in FY2021-Q2. 8 of 14 entries say "Advanced", first in FY2022-Q1. Latest entry: FY2026-H1.
1 other company's latest entry also says "Advanced".
- FY2026-H1AdvancedAnnual report
「In particular, demand for the digital transformation of the way money is sent and received has strengthened further, driven by the full-scale adoption of digital salary payments and growing attention to next-generation payment infrastructure, including stablecoins.」
In addition to the expansion of conventional cashless payments and online demand, demand is indicated for next-generation payment infrastructure such as digital salary payments and stablecoins. - FY2025AdvancedAnnual report
「In the markets surrounding our group, interest in the fintech sector has increased further, driven by the penetration of cashless payments and the lifting of restrictions on digital salary payments. In addition, cryptocurrencies, stablecoins and other forms of digital money are attracting attention, and we are entering a phase in which the way money is sent and received itself is changing.」
Structural change in the fintech market is indicated against a backdrop of growing interest in digital salary payments, cryptocurrencies and stablecoins, in addition to cashless payments. - FY2025-H1AdvancedAnnual report
「In the fintech sector, the number of users and transaction volume have continued to increase, driven by the further adoption of cashless payments and other factors, accelerating transformation across the industry.」
The increasing trend in users and transaction volume, along with accelerating industry transformation, is indicated against a backdrop of broader cashless payment adoption. - FY2024-Q2RestatedAnnual report
「The fintech market is also expanding as inbound consumption from overseas recovers, while demand for cashless payments is increasing. We expect the fintech market to achieve further growth going forward.」
The growth outlook for the fintech market, supported by the recovery in inbound consumption and increasing demand for cashless payments, remains intact. - FY2024-Q1RestatedAnnual report
「The fintech market is also expanding as inbound consumption from overseas recovers, while demand for cashless payments is increasing. We expect the fintech market to achieve further growth going forward.」
The growth outlook for the fintech market, driven by expanding demand for cashless payments, remains intact, with continued reference to the recovery in inbound consumption. - FY2023-Q3RestatedAnnual report
「Global growth in the fintech market is continuing, with the market forecast to reach US$311.49 billion in 2030 and expand at a CAGR of 15.1% from 2023 to 2030. We therefore believe further growth is expected.」
The company reconfirmed global growth in the fintech market and the forecast for market expansion through 2030. - FY2023-Q2AdvancedAnnual report
「Global growth in the fintech market is continuing, with the market forecast to reach US$311.49 billion in 2030 and expand at a CAGR of 15.1% from 2023 to 2030. We therefore believe further growth is expected.」
A new market forecast was provided for the fintech market: US$311.49 billion in 2030 and a CAGR of 15.1% from 2023 to 2030. - FY2023-Q1AdvancedAnnual report
「In the fintech market, cashless payments and other services have become more widespread as lifestyles changed during the COVID-19 pandemic. The fiscal 2021 code payment market is estimated at ¥9.4636 trillion, up 154.6% year on year, and is forecast to expand to ¥19.7632 trillion in fiscal 2026. The market continues to grow, and we believe further growth is expected in the fintech market.」
New actual and forecast figures were provided for the code payment market: ¥9.4636 trillion in fiscal 2021, up 154.6% year on year, and ¥19.7632 trillion in fiscal 2026, updating the growth outlook. - FY2022-Q3AdvancedAnnual report
「In the fintech market, cashless payments have become more widespread as lifestyles changed during the COVID-19 pandemic. With smartphone payments now embedded in daily life, mobile payments are expected to expand further, and the cashless payments market is forecast to reach approximately ¥153 trillion in fiscal 2025. The Ministry of Economy, Trade and Industry also aims to raise the cashless payment ratio to 80%, the global standard, over the longer term. Some surveys found that more than 90% of respondents use cashless payments, indicating signs of growth in Japan’s domestic cashless payments market that may have a significant impact on the future fintech market. Globally, the increasing number of companies providing services using blockchain technology is also expected to support further growth in the fintech market.」
In addition to the forecast of approximately ¥153 trillion for the cashless market in fiscal 2025, the company cited the government’s 80% cashless payment ratio target, surveys showing usage above 90%, and the increasing number of companies using blockchain technology. - FY2022-Q2AdvancedAnnual report
「As lifestyles changed during the COVID-19 pandemic, contactless cashless payments became more widespread. Japan’s domestic cashless payments market reached approximately ¥98 trillion in fiscal 2020, driven by code payments, prepaid instruments, and deferred-payment electronic money, and is expected to expand to approximately ¥104 trillion in fiscal 2021. With smartphone payments now embedded in daily life, mobile payments are expected to expand further, and the cashless payments market is forecast to reach approximately ¥153 trillion in fiscal 2025.」
The company provided actual and forecast market sizes for the cashless payments market of approximately ¥98 trillion in fiscal 2020, approximately ¥104 trillion in fiscal 2021, and approximately ¥153 trillion in fiscal 2025, updating the previous market growth outlook. - FY2022-Q1AdvancedAnnual report
「As lifestyles changed during the COVID-19 pandemic, cashless payments became more widespread. Japan’s domestic code payment market expanded to ¥6.1216 trillion in fiscal 2020 and is expected to reach ¥7.8537 trillion in fiscal 2021. In addition, some surveys found that more than 90% of respondents use cashless payments, leading us to expect further growth in the fintech market.」
New market size figures for the cashless market were provided: ¥6.1216 trillion in fiscal 2020 and ¥7.8537 trillion in fiscal 2021, along with new data on usage rates, updating the growth outlook. - FY2021RestatedAnnual report
「The COVID-19 pandemic has increased the use of and demand for cashless payments as people seek contactless options to reduce infection risk and as online demand increases. As a result, we believe growth is expected in the fintech market as well.」
The company reconfirmed that increased contactless and online demand is expanding demand for cashless payments and that growth is expected in the fintech market. - FY2021-Q3RestatedAnnual report
「In the fintech market, the COVID-19 pandemic has increased the use of and demand for cashless payments as people seek contactless options to reduce infection risk and as online demand increases, supporting the market and leading us to expect growth. In addition, the emergence and spread of new technologies are expected to advance infrastructure across financial services, and the fintech market is said to be poised for further growth.」
The company reconfirmed the outlook for increased demand for cashless payments driven by contactless and online demand, and for growth in the fintech market and financial infrastructure as technology becomes more widespread. - FY2021-Q2First statedAnnual report
「In the fintech market, the COVID-19 pandemic increased the use of and demand for cashless payments as people sought contactless options to reduce the risk of infection and as online demand increased. This supported the fintech market, which we believe is expected to achieve further growth.」
For the first time, a standalone description was provided of the market environment in which increased demand for contactless services and online demand has increased the use of and demand for cashless payments, with further growth expected in the fintech market.