Top 5 Payment Providers Offered by Japanese Hobby & Leisure Online Stores 2023

Which payment providers dominate the Japanese Hobby & Leisure eCommerce market in 2023?

In the Japanese Hobby & Leisure market of 2023, the payment provider landscape showcases a clear dominance of traditional card services. VISA and Mastercard lead the market with an impressive penetration rate of 89.4% each, highlighting the widespread trust and acceptance of these global card networks among businesses and consumers in Japan. Following closely behind, JCB holds a significant presence with a penetration rate of 83.0%, emphasizing the preference for local payment solutions tailored to meet specific national commerce needs. American Express also maintains a strong foothold with a penetration rate of 75.5%, further solidifying the position of traditional card providers in the Japanese eCommerce market. Notably, Cash on Delivery emerges as a popular payment method with a penetration rate of 62.8%, indicating the continued relevance of cash transactions in the Japanese market. The data from 2023 underscores the evolving digital payment landscape in Japan, where traditional card providers continue to dominate while alternative methods like Cash on Delivery cater to diverse consumer preferences for payment convenience and security.

Main Facts: Dominant Payment Providers in the Japanese Hobby & Leisure eCommerce Market 2023

• VISA (Cards) and Mastercard (Cards) dominate the Japanese Hobby & Leisure market with a penetration rate of 89.4% each in 2023.
• JCB (Cards) follows closely behind with a penetration rate of 83.0%.
• American Express (Cards) holds a strong position with a penetration rate of 75.5%, while Cash on delivery (Cash on delivery) remains a popular choice at 62.8%.