Valued at $136.5 billion in 2023 and projected to expand at 10.9% CAGR through 2030, the region offers enormous opportunities but also unique challenges. From Indonesia’s mobile-first surge to Japan’s hybrid spending culture, success increasingly depends on getting payments right at the local level.
In this article, we break down what makes Asia’s gaming economies so dynamic, and how developers can unlock real growth by supporting the payment methods players already trust. Solutions like Xsolla Payments help bridge gaps, enabling more seamless monetization across borders.
These markets are small today but growing fast. Increased internet access, rising smartphone usage, and the growth of local gaming communities are driving the adoption of mobile games. Esports and competitive gaming are rapidly gaining popularity, particularly in Vietnam and the Philippines.
It's no surprise that Xsolla Payments now includes six new local, player-popular payment methods in Asia. This is a strategic advantage for developers looking to grow their game in one of the world's hottest gaming markets.
Indonesia holds the largest share of the mobile gaming market in Southeast Asia. Understandable, given a young, mobile-first population with widespread access to smartphones. The significant role that esports play, backed by government support through programs like Baparekraf Game Primestability, further bolsters the industry's growth. This combination of access, youth, and infrastructure, along with the government's commitment, continues to drive Indonesia’s dominance.
Singapore: Fastest growth, strong infrastructure
While Singapore’s overall market share is smaller, it’s growing quickly, with a projected 20% annual growth rate through 2029. As a regional technology hub, it’s home to major players like Ubisoft, Riot Games, and Bandai Namco. Singapore's robust 5G coverage, coupled with investment in cloud gaming and a stable business environment, positions it as a key hub for development and publishing.
Thailand: Esports are a national priority
Thailand treats gaming seriously. Consumers are officially recognizing esports as a sport, and the government supports gamification through initiatives such as the Digital Economy Promotion Agency (DEPA). This formal backing has drawn investors and boosted grassroots engagement.
Malaysia: Built for mobile gaming
Malaysia boasts one of the highest smartphone penetration rates in the region, paired with a maturing esports ecosystem. Local studios are active, and player communities are thriving, making it a strong contributor to the regional mobile scene.
Japan: Console still rules, but mobile grows quietly
Japan’s mobile segment behaves differently. Console gaming remains the dominant choice among younger players, with 72% preferring it, primarily due to parental influence and a strong emphasis on game culture. However, highly game-engaged youth flock to esports, VTubers, and game streaming, with 46% participating in competitive play. Parental attitudes significantly shape this ecosystem: most are gamers themselves and tend to favor household regulation over government controls.
Vietnam, Philippines, Cambodia, and Brunei: Quiet climbers
These markets are small today but growing fast. Increased internet access, rising smartphone usage, and a surge in local gaming communities are driving the adoption of mobile games. Esports and competitive gaming are gaining popularity rapidly, particularly in Vietnam and the Philippines.
It's easy to see why Asia's cross-border monetization demands more than just translation, and why developers need a more tailored approach to payments across the region.
Localized payment options don't just make checkout easier or players' purchase experience more enjoyable; they increase gamer trust, boost conversions, and increase retention. As Asia's gaming market continues its upward trajectory, partnering with a global game monetization expert like Xsolla isn’t just smart, it’s essential for game studios aiming to scale.
Talk to one of Xsolla’s monetization experts or set up an Xsolla Publisher Account to see our approach to localization in action and get more details on localizing your game and reaching new customers throughout Asia.Ready to maximize revenue opportunities? Reach out to our experts and learn how to start earning more and spending less.