Market Research Report
Global Alternative Online Payment Methods 2019
|Published by||yStats.com GmbH & Co. KG||Product code||799075|
|Published||Content info||112 Pages/Charts
Delivery time: 1-2 business days
|Global Alternative Online Payment Methods 2019|
|Published: March 5, 2019||Content info: 112 Pages/Charts||
“In global E-Commerce, alternative payment methods start to outpace cards with help from E-Wallets.”
Worldwide E-Commerce sales are experiencing a rivalry between alternative payment methods and cards, with alternative payment methods aggregating a larger portion of the market. Among these methods, E-Wallets are the most popular and, regarding global E-Commerce sales, they will account for almost half by 2022, highlights the yStats.com report. This trend is driven by the Asia-Pacific market, where E-Wallets maintain and expand a notable share.
Digital wallets are not only a phenomenon in Asia-Pacific, they see traction in Europe as well. PayPal has outpaced Mastercard and Visa in 2018 in countries such as Italy, Spain and France among online shoppers. In other European countries, local payment solutions and payments by invoice have become major alternatives, as cited in the yStats.com report."
Although cards are the leading payment method in the Americas, surveys quoted in the yStats.com report show that variety of payment methods matter. Buyers in the region prefer to use payment methods in which they have an account for, as opposed to entering new details on a website.