PUBLISHER: yStats.com | PRODUCT CODE: 1422058
PUBLISHER: yStats.com | PRODUCT CODE: 1422058
“B2C E-Commerce payment value globally is expected to grow steadily through 2027:” New yStats.com report.
Global online shopping remains strong despite the return of in-person shopping. According to a report from ystats.com, B2C E-Commerce payment value is expected to maintain steady growth through 2027, with contactless card transactions set to nearly double by then. Credit cards remain the top choice for online payments, but digital wallets are gaining popularity. Virtual card transactions and BNPL sales are expected to rise significantly by 2027, showcasing the shift towards alternative payment methods. Asia-Pacific leads in digital payment adoption, while Latin America still favors credit cards but shows potential for growth in digital wallets and BNPL.
Real-time payments are witnessing a surge in popularity globally, serving as a digital alternative to cash. Latin America is anticipated to see a nearly fourfold increase in the volume of real-time payments by 2027, indicating a rising preference for this form of online payment. Similarly, the UAE is expected to experience a nearly fourfold increase in real-time payment transactions during the same period, while Egypt is forecasted to undergo triple-digit growth in this area, reflecting significant expansion. In more advanced online payment markets such as Asia-Pacific, the projected CAGR for real-time payment volume in South Korea and China is expected to remain at single-digit and low double-digit percentages by 2027, illustrating a slower yet consistent adoption of real-time payments in these regions.
8.9. Morocco