Market Research Report
Global Online Payment Methods: Full Year 2017
|Published by||yStats.com GmbH & Co. KG||Product code||658945|
|Published||Content info||293 Pages/Charts
Delivery time: 1-2 business days
|Global Online Payment Methods: Full Year 2017|
|Published: July 3, 2018||Content info: 293 Pages/Charts||
"New online payment methods proliferate in emerging markets."
Germany-based secondary market research firm yStats.com's latest publication “Global Online Payment Methods: Full Year 2017,” reviews the trends in digital payments taking place around the world, region by region. One of the major findings is that consumers in developing economies adopt innovative payment methods more readily that their counterparts in mature markets.
As global E-Commerce continues to increase, so has the volume of online payments. Digital wallets are challenging the leadership of credit and debit cards for online purchases worldwide and are more widely used that plastic in many markets, especially in Asia, led my population giants China and India. According to the yStats.com report, E-Wallets are projected to be used in payment for nearly half of global online retail sales by 2021.
Mobile payments also form part of the changing pattern of payment for online as well as in-store purchases. Again, the Asia-Pacific region leads in the adoption of mobile payments, followed by Latin America, Africa and the Middle East. Surveys cited in the yStats.com report indicate that consumers in these regions are less reluctant to share personal information with third-party providers of innovative payment services such as mobile.
While digital wallets such as PayPal and mobile payments are increasingly used globally, their acceptance rate varies widely by markets. One universal consumer concern reported in the yStats.com report is security of online payments. Cash on delivery persists as a leading payment method in some regions, and in many mature markets of Western Europe plastic still prevails.
Adyen B.V., Amazon.com Inc, Ant Financial Services Co Ltd, Apple Inc, China UnionPay Co Ltd, GMO Payment Gateway Inc., Google LLC, Japan Post Bank Co.Ltd., Kakao Corp., Klarna Holding AB, LINE Corporation, MasterCard Inc., Mizuho Financial Group Inc., Naver Corporation, One MobiKwik Systems Private Limited, Oxxo S.A., Paypal Inc, Paytm Mobile Solutions Pvt. Ltd., Rakuten Edy Inc., Samsung Pay Inc, Sofort AG, Tencent Holdings Ltd, Visa Inc., Walmart Inc., iDEAL BV.