Market Research Report
Global Alternative Online Payment Methods: Full Year 2017
|Published by||yStats.com GmbH & Co. KG||Product code||666891|
|Published||Content info||146 Pages/Charts
Delivery time: 1-2 business days
|Global Alternative Online Payment Methods: Full Year 2017|
|Published: July 20, 2018||Content info: 146 Pages/Charts||
"Alternative payment solutions allay some security concerns for online shoppers", says yStats.com report.
Germany-based secondary market research organization yStats.com has released a report, “Global Alternative Online Payment Methods: Full Year 2017,” synthesizing data regarding payment methods used by online shoppers worldwide. Among the trends revealed in the report is that credit card use in online purchases may take second place to alternative payment methods like E-Wallets within a few years.
Credit cards have been the primary payment solution for online purchases since the beginning of online commerce. However, projections cited in the new yStats.com report indicate that by 2021, digital wallets and other alternatives will replace the dominance of plastic, thanks to the popularity of other methods in emerging markets as well as continued consumer concern over security of card account information when used online.
The acceptance of E-Wallets such as Alipay and PayPal in Asia, the largest and fast growing E-Commerce region contributes to the project dominance of alternative payment solutions within the next few years. The yStats.com report points out that while credit cards still dominate in Japan and South Korea, the wide acceptance of digital wallets and mobile payment in the populations giants China and India will contribute to toppling credit cards' ranking. In Europe also, while credit cards still lead in payment usage in some nations, on a regional level, digital wallets are the preferred payment method. Other alternatives to credit card use worldwide include bank transfer and cash on delivery.
Africa, Asia-Pacific, Europe, Latin America, Middle East, North America.
Amazon.com Inc, Ant Financial Services Group, China UnionPay Co Ltd, Deutsche Bank AG, GMO Payment Gateway Inc., Google LLC, Klarna Holding AB, MasterCard Inc., One MobiKwik Systems Private Limited, Oxxo S.A., PayPal Holdings Inc, PayU Group, Paytm Mobile Solutions Pvt. Ltd., Samsung Pay Inc, Sofort AG, Tencent Holdings Limited, Visa Inc., Walmart Inc., iDEAL BV.