Global Alternative Online Payment Methods: Full Year 2017 code:1382

Global Alternative Online Payment Methods: Full Year 2017
OVERVIEW
TABLE OF CONTENTS
COMPANIES MENTIONED
Countries Covered: Argentina, Australia, Austria, Belgium, Brazil, Canada, China, Colombia, Czech Republic, Egypt, France, Germany, India, Indonesia, Italy, Japan, Kenya, Kuwait, Lebanon, Malaysia, Netherlands, Poland, Qatar, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Vietnam
Pages: 146
Publication Date: 20/07/2018
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Questions Covered in the report:
  • What are the leading alternative online payment methods worldwide?
  • How do they rank against credit card payments in global E-Commerce?
  • What are the key payment trends in the world's top 5 E-Commerce markets?
  • How does online shoppers’ preference for payment methods vary across the regions and countries?
  • What is the forecast for the share of alternative online payment methods in global E-Commerce by 2021?

Key Findings:

Online shoppers’ security concern drives the adoption of alternative payment methods

Online payment method rankings for nearly 40 countries worldwide, cited in the yStats.com report, point to the increased usage of alternative methods, especially digital wallets. While credit cards topped the global ranking of consumer preferences in 2017, by 2021, digital wallets and other alternative means are projected to account for a much higher share of worldwide online sales than cards. The two main reasons for the alternative payments’ rise revealed in the yStats.com report include their popularity in emerging markets and the growing concern of consumers in advanced economies over the safety of card information online.

The leading alternative online payment method, E-Wallet such as Alipay and PayPal, accounts for the dominant share of E-Commerce sales in the world’s largest region in online retail– Asia-Pacific. Despite being the most popular payment mean in countries such as Japan, South Korea and Australia, credit cards fail to grasp a higher share of the region’s E-Commerce turnover due to the growing contribution to alternative payment methods’ share from emerging markets, most of all from China. Also in Europe, digital wallets lead the preference of online shoppers on the regional level, although credit cards account for most of online transactions in countries such as France and Sweden. Other popular alternative methods include cash on delivery, payment by invoice and via bank transfer.

In markets where credit cards traditionally hold the leading position, such as the USA, the use of alternative means of payment is on the rise. One of the factors behind this trend is consumers’ growing concern over the online security of credit card information. A recent survey from the USA, cited in the yStats.com report, revealed that due to the fear of hacking, one-third of respondents never saved their credit card details on E-Commerce websites and a similar number only used PayPal or alternative trusted payment methods.

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1. Management Summary

2. Global Developments

  • Payment Methods Preferred in E-Commerce, in % of Online Shoppers, Q1 2017
  • Breakdown of E-Commerce Sales by Payment Methods, in %, 2021f
  • Top Two Payment Methods Preferred in Cross-Border Online Shopping, in % of Cross-Border Online Shoppers, 2016 & 2017
  • Reasons For Not Shopping Online, incl. Payment-Related, in % of Internet Users Who Do Not Shop Online, Q1 2017

3. Asia-Pacific

3.1. Regional

  • Breakdown of E-Commerce Sales by Payment Methods, in %, 2017e

3.2.  Advanced Markets

3.2.1. Japan

  • Online and Mobile Payment Trends, January 2018
  • Online and Mobile Payment Trends, August 2017
  • Payment Methods Used in E-Commerce, in % of Online Shoppers, 2016

3.2.2. South Korea

  • Payment Methods Used in E-Commerce, in % of Online Shoppers, October 2016

3.2.3. Australia

  • Breakdown of Online Payments by Payment Method, in %, 2013 & 2016

3.2.4. Singapore

  • Breakdown of Payment Methods Preferred in Online Shopping, in % of Online Shoppers, 2016
  • Share of Cards and Digital Wallets in E-Commerce Sales, in %, 2013 & 2017e

3.3.  Emerging Markets

3.3.1. China

  • Online and Mobile Payment Trends, January 2018
  • Online and Mobile Payment Trends, August 2017
  • Breakdown of Payment Methods Used in E-Commerce, in % of Online Shoppers, 2016
  • Third-Party Online Payment Volume, in CNY trillion, by Two Comparative Estimates, Q1 2016 – Q2 2017
  • Breakdown of Third-Party Online Payment GMV by Players, in %, by Two Comparative Estimates, Q2 2017

3.3.2. India

  • Payment Methods Used in E-Commerce, in % of Generation Z Online Shoppers, June 2017
  • Share of Urban Online Shoppers Who Switched from Cash on Delivery to Online Payment Methods Following Demonetization, in % of Online Shoppers, 2017
  • Breakdown Payment Methods Preferred in E-Commerce, in % of Urban Online Shoppers, 2017
  • Share of Digital and Mobile Wallets in E-Commerce Sales, in %, 2013 & 2017e

3.3.3. Indonesia

  • Top 3 Payment Methods Used in E-Commerce, in % of Internet Users, 2016
  • Breakdown of Main Purposes of Using Online Banking, incl. “Shopping Online”, in % of Users, March 2017

3.3.4. Thailand

  • Payment Methods Used in E-Commerce, in % of Online Shoppers, July 2017
  • Payment Methods Used in E-Commerce, by Number of Online Shoppers and Percentage of Online Shoppers, Q1 2016

3.3.5. Vietnam

  • Breakdown of Payment Methods Used in E-Commerce, in % Online Shoppers, August 2016
  • Payment Methods Used in E-Commerce, in % of Online Shoppers, 2015 & 2016

3.3.6. Malaysia

  • Payment Methods Used in E-Commerce, in % of Online Shoppers, February 2017

4. Europe

4.1. Regional

  • Online Payment Regulatory Trends, July 2017
  • Breakdown of E-Commerce Spending in the EU by Payment Methods Considering PSD2 and Instant Payment Introduction, in %, 2012, 2017f, 2020f, 2022f, 2027f
  • Top 10 Payment Methods Preferred in E-Commerce, in % of Online Shoppers, 2016 & 2017
  • Top 3 Criteria for Choosing a Payment Method, in % of Online Shoppers, 2016

4.2.  Advanced Markets

4.2.1.  UK

  • Online and Mobile Payment Trends, January 2018
  • Online and Mobile Payment Trends, July 2017
  • Breakdown of Payment Methods Preferred in E-Commerce, in % of Online Shoppers, February 2017
  • Top 3 Payment Methods Used in E-Commerce, in % of Internet Users, 2017
  • Top 3 Reasons for Checkout Abandonment, in % of Internet Users, 2017

4.2.2. Germany

  • Online and Mobile Payment Trends, January 2018
  • Online and Mobile Payment Trends, July 2017
  • Payment Methods Preferred in E-Commerce, in % of Online Shoppers, by Ranked First and Ranked Between First and Fifth, 2016
  • Payment Methods Used in Online Shopping, in % of Online Shoppers, 2016
  • Breakdown of B2C E-Commerce Product Sales by Payment Methods, in %, 2015 & 2016
  • Factors Important to Online Shoppers When Choosing a Payment Method, in % of Online Shoppers, 2016
  • Payment Methods Offered, in % of Top 1,000 Online Shops, 2015 & 2016
  • Top 10 Most Known Payment Providers, in % of Smartphone Users, Q4 2016/Q1 2017

4.2.3.  France

  • Payment Methods Preferred in E-Commerce, in % of Online Shoppers, June 2017
  • Breakdown of Payment Methods Preferred in E-Commerce, in % of Online Shoppers, 2016
  • Breakdown of B2C E-Commerce Product Sales, in %, 2016

4.2.4.  Spain

  • Payment Methods Used in E-Commerce, in % of Online Shoppers, 2016 & 2017
  • Breakdown of Factors Most Important in Online Payment Methods, in % of Online Shoppers, October 2017

4.2.5.  Italy

  • Payment Methods Preferred in E-Commerce, in % of Online Shoppers, June 2017
  • Breakdown of Number of Online Purchase Transactions by Payment Methods, by Purchase of Physical Products and of Digital Goods and Services, in %, Q1 2017

4.2.6.  Netherlands

  • Payment Methods Preferred in E-Commerce, in % of Online Shoppers, June 2017
  • Breakdown of Online Purchases by Payment Methods, in %, 2015 & 2016

4.2.7.  Sweden

  • Payment Methods Used and Preferred in Online and Mobile Shopping, in % of Online Shoppers, Q2 2017
  • Breakdown of Payment Methods Preferred in E-Commerce, in % of Online Shoppers, Q3 2011 -2012, Q4 2013 – 2016

4.2.8.  Switzerland

  • Payment Methods Preferred in E-Commerce, in % of Online Shoppers, June 2017
  • Top 5 Payment Methods Preferred in E-Commerce, in % of Online Shoppers, 2016

4.2.9.  Belgium

  • Payment Methods Preferred in E-Commerce, in % of Online Shoppers, June 2017
  • Breakdown of Payment Methods Used in E-Commerce, in % of Online Shoppers, April 2017, and Change Compared to 2016 and 2011

4.2.10.  Austria

  • Awareness and Usage of Payment Methods in E-Commerce, in % of Online Shoppers, January 2017

4.3.  Emerging Markets

4.3.1.  Russia

  • Payment Methods Used in E-Commerce, in % of Online Shoppers, 2014 – 2016
  • Payment Methods Used in E-Commerce, in % of Active Internet Users, H1 2017
  • Payment Methods Used in E-Commerce, in % of Online Shoppers, 2016 & 2017
  • Breakdown of Last Online Purchase by Payment Method, in %, 2016 & 2017
  • Breakdown of Awareness of Cryptocurrencies, in % of Adults, July 2017
  • Breakdown of Perception of Cryptocurrencies, in % of Adults Who Heard About Cryptocurrencies, in %, July 2017

4.3.2.  Poland

  • Payment Methods Used in E-Commerce, in % of Individuals, 2015 & 2016
  • Payment Methods That Encourage Online Shoppers to Purchase Online, in % of Online Shoppers, April 2017

4.3.3.  Turkey

  • Payment Methods Used in E-Commerce, in % of Online Shoppers, January 2017

4.3.4.  Portugal

  • Payment Methods Preferred in E-Commerce, in % of Online Shoppers, June 2017

4.3.5.  Czech Republic

  • Payment Methods Preferred in E-Commerce, in % of Online Shoppers, June 2017

5.  North America

5.1. USA

  • Online and Mobile Payment Trends, February 2018
  • Online and Mobile Payment Trends and News About Players, August 2017
  • Breakdown of Payment Methods Preferred in E-Commerce, in % of Online Shoppers, February 2017
  • Ways in Which Fear of Hacking Has Influenced Online Shopping Behavior, in % of Online Shoppers, January 2017
  • Digital and Mobile Payment Methods Used, in % of Online Shoppers, by Generation Y and Generation Z, March 2017

5.2. Canada

  • Top 3 Payment Methods Preferred in E-Commerce, in % of Respondents, March 2017
  • Breakdown of E-Commerce Sales by Payment Systems, in %, 2015 & 2016
  • Breakdown of Total Payment Volume, in millions, and Value, in CAD million, by Payment Methods, incl. Online Transfers, 2015 & 2016
  • Share of Online Shoppers Who Have Used Mobile Payment or Digital Wallet Service to Make a Purchase, in %, 2016 & 2017
  • Share of Internet Users Who Installed an E-Wallet Mobile App, in %, by Age Group, April 2017

6.  Latin America

6.1. Regional

  • Breakdown of E-Commerce Sales by Payment Methods, in%, 2017e

6.2. Brazil

  • Payment Methods Preferred in E-Commerce, in % of Online Shoppers, June 2017
  • Reasons For Using Boleto Bancario, in % of Online Shoppers Who Use Boleto Bancario, July 2017
  • Breakdown of Online Shoppers Who Pay with Boleto Bancario by Gender and Age Group, in %, July 2017
  • Share of Top 10 B2C E-Commerce Payment Methods of Orders Placed and Approved Orders, in %, and Approval Rate by Payment Method, in %, Q1 2017
  • Payment Methods Used in M-Commerce, in % of Mobile Shoppers, September 2017
  • Breakdown of Payment Methods Used in the Last Online Purchase from International Site, in % of Cross-Border Online Shoppers, 2013 – 2016
  • Reasons to Give Up an Online Purchase, in % of Online Shoppers, June 2017
  • Factors Important for the Decision to Purchase in E-Commerce, incl. Payment-Related, in % of Online Shoppers, April 2017

6.3. Mexico

  • Online Payment Methods Used in E-Commerce, by Device Used, in % of Online Shoppers, August 2017
  • Offline Payment Methods Used in E-Commerce, by Device Used, in % of Online Shoppers, August 2017
  • Payment Methods Used in E-Commerce, in % of Online Shoppers, December 2016
  • Reasons for Not Shopping Online, in % of Internet Users Who Do Not Shop Online, December 2016
  • Top 5 Most Important Aspects in E-Commerce Payments, in % of Online Shoppers, February 2017

6.4. Argentina

  • Breakdown of E-Commerce Sales by Payment Methods, in %, 2016

6.5. Colombia

  • Payment Methods Used in E-Commerce, in % of Online Shoppers, August 2016
  • Top 5 Motivations for Online Shopping, in % of Online Shoppers, August 2016

7. Middle East

7.1. Regional

  • Breakdown of Payment Methods Preferred in E-Commerce, in % of Online Shoppers in GCC, October 2016
  • Top 3 Barriers to Online Shopping, in % of Local Millennials in the GCC Who Did Not Shop Online, July 2017

7.2. UAE

  • Breakdown of Payment Methods Used in E-Commerce by Cash on Delivery and Credit or Debit Card, in % of Online Shoppers, March 2017
  • Breakdown of Payment Methods Preferred in Online Shopping, in % of Online Shoppers, 2016

7.3. Saudi Arabia

  • Payment Methods Used in E-Commerce, in % of Online Shoppers, May 2017
  • Breakdown of Payment Methods Preferred in Online Shopping, in % of Online Shoppers, 2016
  • Breakdown of Payment Methods Most Used in Online Shops According to E-Commerce Merchants, in % of Surveyed E-Commerce Merchants, June 2017

7.4. Qatar

  • Payment Methods Preferred in E-Commerce, in % of Online Shoppers, 2016

7.5. Kuwait

  • Breakdown of Payment Methods Preferred in Online Shopping, in % of Online Shoppers, 2016

7.6. Lebanon

  • Payment Methods Preferred in E-Commerce, in % of Online Shoppers, 2016

8. Africa

8.1. South Africa

  • Breakdown of Payment Methods Preferred in E-Commerce, in % of Online Shoppers, August 2017
  • Breakdown of Factors that Would Encourage to Shop Online More, incl. Payment-Related, in % of Online Shoppers, August 2017

8.2. Egypt

  • Top 3 Payment Methods Preferred in E-Commerce, in % of Online Shoppers, 2016

8.3. Kenya

  • Breakdown of Payment Methods Preferred in E-Commerce, in % of Online Shoppers, November 2016
Read More
  • 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
Read More

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Middle East & Africa Online Payment Methods: Full Year 2017

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Publication Date: 17/07/2018

Regions Covered: Africa - MENA

Countries Covered: Bahrain, Egypt, Iran, Israel, Kenya, Kuwait, Lebanon, Nigeria, Qatar, Saudi Arabia, UAE

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Latin America Online Payment Methods: Full Year 2017

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Publication Date: 13/07/2018

Regions Covered: Latin America

Countries Covered: Argentina, Brazil, Colombia, Mexico

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Site License

Up to ten regional employees of an organization may access and download the report

Global License

Up to ten global employees of an organization may access and download the report

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North America Online Payment Methods: Full Year 2017

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Publication Date: 11/07/2018

Regions Covered: North America

Countries Covered: Canada, USA

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Single License

One individual may access and download the report

Site License

Up to ten regional employees of an organization may access and download the report

Global License

Up to ten global employees of an organization may access and download the report

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Europe Online Payment Methods: Full Year 2017

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Publication Date: 26/06/2018

Regions Covered: Europe

Countries Covered: Austria, Belgium, Czech Republic, Denmark, Finland, France, Germany, Hungary, Ireland, Italy, Netherlands, Norway, Poland, Portugal, Romania, Russia, Spain, Sweden, Switzerland, Turkey, UK

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Single License

One individual may access and download the report

Site License

Up to ten regional employees of an organization may access and download the report

Global License

Up to ten global employees of an organization may access and download the report

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Asia-Pacific Online Payment Methods: Full Year 2017

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Publication Date: 19/06/2018

Regions Covered: Asia-Pacific

Countries Covered: Australia, China, India, Indonesia, Japan, Malaysia, New Zealand, Philippines, Singapore, Taiwan, Thailand, Vietnam

Categories:

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Single License

One individual may access and download the report

Site License

Up to ten regional employees of an organization may access and download the report

Global License

Up to ten global employees of an organization may access and download the report

View Report Details
View Report Details

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