Global Alternative Online Payment Methods: Full Year 2016 code:1307

Global Alternative Online Payment Methods: Full Year 2016
OVERVIEW
TABLE OF CONTENTS
COMPANIES MENTIONED
Countries Covered: China, Australia, Japan, India, Indonesia, Vietnam, USA, Brazil, Germany, France, Russia, UK, Italy, Spain, South Korea, Saudi Arabia, Egypt, Canada, Argentina, Colombia, Mexico, Netherlands, Czech Republic, Poland, Sweden, South Africa, Nigeria, Morocco, UAE, Greece
Pages: 130
Publication Date: 07/03/2017
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Questions Covered in the report:
  • What are the leading alternative payment methods used by online shoppers worldwide?
  • How do online payment method preferences vary across 25+ markets in different regions?
  • How large is the share of alternative payment methods in global E-Commerce predicted to be in 2020?
  • What are the most important criteria applied by online shoppers when choosing a method to pay?

Key Findings:

Alternative online payment methods outpace credit cards in global E-Commerce

In spite of credit card being used by more than 50% of online shoppers worldwide, over one-half of global E-Commerce is now done with payment methods other than bank cards. This is a key finding from the new report by yStats.com. Through 2020, the share of alternative payment methods in worldwide online retail sales is projected to climb higher, while that of credit and debit cards continues to fall.

Especially in emerging markets, alternative payment methods are preferred over credit cards. China is one example: digital payment services like Alipay account for over 50% of E-Commerce sales in this major market. In Southeast Asia, payment by bank transfer is the leading method in Indonesia and Thailand and ranks second after cash on delivery in Vietnam, per the yStats.com report. Cash on delivery is also a popular method among online shoppers in selected Latin American, Eastern European, Middle Eastern and African countries, where banking penetration is not as high as in advanced economies.

Credit card continues to lead in shoppers’ preference when purchasing online in many advanced markets, including the USA, Canada, Japan, South Korea, the UK, and Sweden. Nevertheless, there are a few exceptions within this advanced market group, as alternative payment methods rank above card payments in Germany and the Netherlands, for example.

Overall, online merchants seem to have grasped the necessity of offering multiple payment options to suit the varying consumers’ preferences. According to a 2016 survey cited in yStats.com’s publication, two-thirds of them accept at least 3 different payment means from global online shoppers.

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1. Management Summary

2. Global Developments

  • Online and Mobile Payment Trends, H2 2016
  • Breakdown of E-Commerce Sales by Payment Methods, in %, 2015 & 2020f
  • Payment Methods Used in Online Shopping, in % of Online Shoppers, October 2015
  • Payment Methods Used in Online Shopping, by Regions, in % of Online Shoppers, October 2015
  • Breakdown of the Number of Online Payment Options Offered, in % of Online Merchants, January 2016
  • Top 3 Payment Methods Preferred in Cross-Border Online Shopping, in % of Cross-Border Online Shoppers, August 2016
  • Top 3 Considerations When Choosing a Payment Method in Cross-Border Online Shopping, in % of Cross-Border Online Shoppers, August 2016
  • Payment Methods Used in Mobile Shopping, in % of Mobile Shoppers, by Selected Regions, August 2016

3. Asia-Pacific

3.1. Regional

  • Breakdown of E-Commerce Sales by Payment Method, in %, 2015 & 2020f

3.2. Advanced Markets

3.2.1. Japan

  • Online and Mobile Payment Trends and News about Players, H1 2016
  • Online and Mobile Payment Trends and News about Players, H2 2016
  • Breakdown of Payment Methods Most Used in Online Shopping, in % of Online Shoppers, March 2016
  • Breakdown of Experience with Cases Where Preferred Payment Method Was Not Offered, in % of Online Shoppers, March 2016

3.2.2 South Korea

  • Payment Methods Used in Online Shopping, in % of Online Shoppers, October 2015
  • Payment Methods Used in Mobile Shopping, in % of Mobile Shoppers, 2014 & 2015

3.2.3. Australia

  • Share of Credit Cards in Number of Domestic B2C E-Commerce Payments, in %, FY 2010/11 and FY 2015/16

3.3. Emerging Markets

3.3.1. China

  • Online and Mobile Payment Trends and News about Players, H1 2016
  • Online and Mobile Payment Trends and News about Players, H2 2016
  • E-Wallet’s Share of E-Commerce Sales, in %, 2015
  • Payment Methods Used in Online Shopping, in % of Online Shoppers, 2016
  • Third-Party Online Payment GMV, in CNY trillion, and in % Year-on-Year Change, 2012 – 2019f
  • Third-Party Online Payment Volume, in CNY trillion, by Two Comparative Estimates, Q1 2015 – Q2 2016
  • Breakdown of Third-Party Online Payment GMV by Players, in %, by Two Comparative Estimates, Q1 2016

3.3.2. India

  • Online and Mobile Payment Trends and News about Players, H2 2016
  • Breakdown of E-Commerce Payment Volume by Payment Methods, in %, 2015 & 2020f
  • Payment Methods Used in Online Shopping, in % of Online Shoppers, October 2015

3.3.3. Indonesia

  • Breakdown of E-Commerce Payments by Payment Method, by Approximate Share in %, 2015
  • Breakdown of Payment Methods Used in Online Shopping, in % of Online Shoppers, December 2016
  • Breakdown of Reasons to Choose Payment via ATM, in % of Online Shoppers Who Pay for Online Purchases via ATM, December 2016

3.3.4. Thailand

  • Breakdown of E-Commerce Revenues of Retail and Wholesale Trade Companies by Payment Method, in %, 2015
  • Payment Methods Used in Online Shopping, in % of Online Shoppers, by Gender and Generation, May 2015

3.3.5. Vietnam

  • Payment Methods Used in Online Shopping, in % of Online Shoppers, 2014 & 2015

4. Europe

4.1. Regional

  • Payment Methods Preferred in Online Shopping, in % of Online Shoppers, by Belgium, Germany, France, Italy, the Netherlands, the Nordics, Poland, Spain and the UK, May 2016
  • Share of Online Shoppers Who Abandoned Shopping Cart Due to Lack of Favorite Payment Method, in %, by Benelux, Germany, Nordics and the UK, June 2016

4.2. Advanced Markets

4.2.1. UK

  • Online and Mobile Payment Trends and News about Players, H1 2016
  • Online and Mobile Payment Trends and News about Players, H2 2016
  • Top 3 Payment Methods Used in Online Shopping, in % of Online Shoppers, October 2015
  • Payment Methods Most Trusted in Online Shopping, in % of Online Shoppers, November 2016

4.2.2. Germany

  • Online and Mobile Payment Trends and News about Players, H1 2016
  • Online and Mobile Payment Trends and News about Players, H2 2016
  • Breakdown of Online and Mail Order Sales, by Payment Methods, in % and in EUR million, 2014 & 2015
  • Breakdown of B2C E-Commerce Sales by Payment Methods, by incl. Amazon and excl. Amazon, in %, 2015
  • Payment Methods Used in Online Shopping, in % of Online Shoppers, July 2016
  • Breakdown of Payment Methods Preferred in Online Shopping, in % of Online Shoppers, 2014 & 2015
  • Most Important Criteria When Choosing a Payment Method to Purchase Online, in % of Online Shoppers, 2015
  • Payment Methods Used in Mobile Shopping, in % of Mobile Shoppers, May 2015

4.2.3. France

  • Payment Methods Most Used in B2C E-Commerce, in % of Online Shoppers, June 2015 & June 2016
  • Share of Respondents Who Trust PayPal with Personal Data, by Total, Ages 18-34, and Compared to a Bank, in %, June 2016

4.2.4. Spain

  • Payment Methods Used in Online Shopping, in % of Online Shoppers, 2015 & 2016
  • Payment Methods Used in Mobile Shopping, in % of Mobile Shoppers, 2014 & 2015
  • Breakdown of Aspects Most Important for Payment Methods in Online Shopping, in % of Online Shoppers, 2015

4.2.5. Italy

  • Breakdown of B2C E-Commerce Sales, by Payment Methods, in %, 2012 – 2016f
  • Breakdown of Payment Methods Used in Online Shopping, in % of Online Shoppers, October 2016

4.2.6. Netherlands

  • Breakdown of Online Purchases by Payment Methods, in %, H1 2015 & H1 2016

4.2.7. Sweden

  • Payment Methods Used and Preferred in Online and Mobile Shopping, in % of Online Shoppers, Q2 2016
  • Breakdown of Preferred Payment Methods in Online Shopping, in % of Online Shoppers, Q4 2014 & Q4 2015

4.3. Emerging Markets

4.3.1. Russia

  • Payment Methods Used in Online Shopping, in % of Online Shoppers, 2013 – 2015
  • Share of Online Shoppers Paying by Bank Card and by Cash on Delivery, in %, October 2016
  • Payment Methods Used in Online Shopping, in % of Online Shoppers, October 2016
  • Top 5 E-Money Services Used, in % of E-Money Users, December 2015
  • Online Payment Methods Used When Paying Online via Smartphone, in % of Users, March 2016

4.3.2. Poland

  • Payment Methods Used in Online Shopping, in % of Online Shoppers, 6 Months to December 2016

4.3.3. Greece

  • Payment Methods Used in Online Shopping, in % of Online Shoppers, 2016

4.3.4. Czech Republic

  • Payment Methods Used in Online Shopping, in % of Online Shoppers, Q2 2016
  • Payment Methods Preferred in Online Shopping, in % of Online Shoppers, 2015

5. North America

5.1. Regional

  • Payment Methods Preferred in Online Shopping, in % of Online Shoppers, October 2015

 5.2. USA

  • Online and Mobile Payment Trends and News about Players, H1 2016
  • Online and Mobile Payment Trends and News about Players, H2 2016
  • General Payment Methods Used, in % of Internet Users, March 2016
  • Top 3 Payment Methods Preferred in Online Shopping, in % of Online Shoppers, 2015 & 2016
  • Payment Methods Most Trusted in Online Shopping, in % of Online Shoppers, November 2016

5.3. Canada

  • Breakdown of E-Commerce Transaction Value by Payment Method, in %, 2015

6. Latin America

6.1. Regional

  • Payment Methods Used in Online Shopping, in % of Online Shoppers With Bank Account, July 2016

6.2. Brazil

  • Online Payment Trends and News about Players, H1 2016
  • Online and Mobile Payment Trends and News about Players, H2 2016
  • Breakdown of B2C E-Commerce Sales by Payment Methods, in %, 2015
  • Breakdown of Payment Methods Used in Online Shopping, in % of Online Shoppers, 2015

6.3. Mexico

  • Top 10 Payment Methods Used in Online Shopping, in % of Online Shoppers, 2015 & 2016
  • Online Payment Methods Used in Online Shopping, by Device Used, in % of Online Shoppers, August 2016
  • Offline Payment Methods Used in Online Shopping, by Device Used, in % of Online Shoppers, August 2016
  • Payment Methods Used in Online Shopping, in % of Online Shoppers, 2015
  • Reasons for Not Shopping Online, incl. Payment-Related, in % of Internet Users Who Do Not Shop Online, 2015

6.4. Argentina

  • Breakdown of E-Commerce Sales by Payment Methods, in %, 2015

6.5. Colombia

  • Payment Methods Used in Online Shopping, in % of Online Shoppers, October 2015

7. Middle East

7.1. Regional

  • Breakdown of Payment Methods Preferred in Online Shopping in MENA, in % of Online Shoppers, June 2016
  • Share of Online Shoppers in MENA Who Prefer to Pay with Cash on Delivery, in %, March 2016
  • Breakdown of Share of Cash On Delivery, in % of E-Commerce Companies in MENA, October 2016
  • Share of Online Shoppers in MENA Who Prefer to Pay with Cash on Delivery, in %, March 2016
  • Share of Cash On Delivery in Total Online Shopping in the Middle East, in %, 2015
  • Share of Consumers in the Middle East Who Would Opt for Alternative Payment Methods, in %, and Selected Alternative Payment Methods They Would Opt for, incl. “Mobile Wallet”, in %, May 2016

7.2. UAE

  • Breakdown of Online Shoppers by Shoppers Who Prefer to Pay Online and Who Prefer to Pay On Delivery, in %, November 2016

7.3. Saudi Arabia

  • Top Payment Method Preferred in Online Shopping, by Selected Product Categories, in % of Millennial Online Shoppers, 2015

8. Africa

8.1. Regional

  • Payment Methods Most Used in Online Shopping, in % of Online Shoppers, by Ghana, Kenya, South Africa, Uganda, December 2016

8.2. South Africa

  • Payment Methods Used in Online Shopping, in % of Online Shoppers, October 2015
  • Breakdown of Payment Methods Preferred in Online Shopping, in % of Online Shoppers, March 2016
  • Share of Online Shoppers Who Would be Motivated to Shop Online More by Availability of the “On Delivery” Payment Method, in % of Online Shoppers, March 2016

8.3. Nigeria

  • Payment Methods Used in Online Shopping, in % of Online Shoppers, October 2015
  • Breakdown of Payment Methods Preferred in Online Shopping, in % of Online Shoppers, August 2016

8.4. Egypt

  • Share of Online Shoppers Paying by Cash on Delivery, in %, June 2016

8.5. Morocco

  • Payment Methods Used in Online Shopping, in % of Online Shoppers, February 2016
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  • Snapdeal
  • Amazon.com Inc
  • Wal-Mart Stores
  • Inc.
  • MasterCard Inc.
  • Visa Inc.
  • Starbucks Corp
  • Apple Inc
  • Paypal Inc
  • Tencent Holdings Ltd
  • CurrentC
  • Samsung Pay Inc
  • Android Inc.
  • Axis Bank Ltd
  • BillSAFE GmbH
  • HDFC Bank Ltd
  • ICICI Bank Ltd
  • Klarna AB
  • Mercedes Corp.
  • Mi-Pay Inc.
  • Paydirekt GmbH
  • SBI Inc.
  • Suica
  • Bic Camera Inc.
  • Lawson Inc.
  • McDonald’s Corp.
  • Yodobashi Camera Co. Ltd.
  • FeliCa Networks Inc.
  • Braspag Ltda.
  • PagSeguro Ltda.
  • Bank of America Corp.
  • Cielo S.A.
  • Dotpay S.A.
  • Flipkart Online Services Pvt. Ltd.
  • iPag Ltda.
  • JCB Co. Ltd.
  • Microsoft Corp.
  • Mitsubishi UFJ Financial Group Inc.
  • Mundipagg S.A.
  • PagBrasil Ltda.
  • Paytm Ltd.
  • PayU S.A.
  • Prezelewy24 S.A. Rakuten Edy Inc.
  • Rede S.A.
  • Shopclues.com Ltd.
  • Tenpay Ltd.
  • Wells Fargo & Co.
  • Airtel Payments Bank Ltd
  • Alipay.com Co. Ltd.
  • American Express Co. Inc.
  • Bank of Tokyo
  • Deutsche Telekom AG
  • Discover Financial Services Inc.
  • Family Mart Co. Ltd.
  • JPMorgan Chase & Co. Ltd.
  • MaxiPago Serviços de Internet S.A.
  • Nanaco Co. Ltd.
  • Oxxo S.A.
  • PayCash S.A.
  • Target Co.
  • Waon Development Ltd.
  • Worldpay Inc.
  • Freecharge Payment Ltd.
Read More

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