Global Alternative Online Payment Methods: Second Half 2017 code:1360

Global Alternative Online Payment Methods: Second Half 2017
OVERVIEW
TABLE OF CONTENTS
COMPANIES MENTIONED
Countries Covered: Australia, Belgium, Brazil, Canada, China, Colombia, Czech Republic, Egypt, France, Germany, India, Indonesia, Italy, Japan, Kuwait, Lebanon, Malaysia, Mexico, Netherlands, Poland, Qatar, Russia, Saudi Arabia, Singapore, South Africa, Spain, Sweden, Switzerland, Thailand, UAE, UK, USA, Vietnam
Pages: 89
Publication Date: 07/03/2018
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Questions Covered in the report:
  • What are the leading alternative online payment methods worldwide?
  • How do alternative methods rank against payment cards in 30+ global markets?
  • What is the forecast for the share of alternative online payment methods in global E-Commerce by 2021?
  • How do the preferences of online shoppers in different countries vary with regard to payment methods?
  • What are the key payment trends in the world's top 5 E-Commerce markets?

Key findings:

Alternative online payment methods to lead global B2C E-Commerce

By 2021, alternative payment methods are projected to account for around three-quarters of E-Commerce payments worldwide, according to a forecast cited in yStats.com’s report. E-Wallets such as PayPal and Alipay are expected to make the largest contribution of close to one-half of online retail sales at the end of the forecast period. The trend towards increased usage of digital wallets and other alternative online payment methods is pronounced in multiple countries around the world, and in cross-border online shopping, E-Wallets were already ahead of credit cards in global online shoppers’ preference in 2017.

Asia-Pacific has taken the lead in promoting alternative online payment methods. As of 2017, digital and mobile wallets accounted for nearly 50% of E-Commerce sales in this region, according to one estimate cited by yStats.com. In China, online payment volume processed by third-party providers including Alipay, Tenpay and others is growing at double-digit rates, and even in countries where credit cards traditionally dominate E-Commerce payments, such as in Australia, E-Wallets have seen their share increase. Also in Europe digital wallets rank as the most preferred payment method of online shoppers on a regional average. In some countries, however, including France and Belgium, credit cards still rank the highest.

Besides E-Wallets, other leading alternative online payment methods include bank transfer, especially popular among Southeast Asian nations, and cash on delivery, still significant in selected countries of the Middle East and Eastern Europe, according to consumer surveys in the yStats.com report. Moreover, several local alternative payment methods have high usage rates in their respective markets, such as iDEAL in the Netherlands, Boleto Bancario in Brazil and payment at convenience stores in Japan.

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1. Management Summary

2. Global developments

  • 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

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

3.2.2. Australia

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

3.3. Emerging Markets

3.3.1. China

  • Online and Mobile Payment Trends, January 2018
  • 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

  • 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

3.3.3. Indonesia

  • Top 3 Payment Methods Used in E-Commerce, in % of Internet Users, 2016

3.3.4. Singapore

  • Share of Cards and Digital Wallets in E-Commerce Sales, in %, 2013 & 2017e

3.3.5. Thailand

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

3.3.6. Malaysia

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

3.3.7. Vietnam

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

4. Europe

4.1. Regional

  • Top 10 Payment Methods Preferred in E-Commerce, in % of Online Shoppers, 2016 & 2017

4.2. Advanced Markets

4.2.1. UK

  • Online and Mobile Payment Trends, January 2018
  • 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
  • Payment Methods Used in E-Commerce, in % of Online Shoppers, May 2017
  • Payment Methods Offered, in % of Top 1,000 Online Shops, 2015 & 2016

4.2.3. France

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

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

4.2.6. Netherlands

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

4.2.7. Sweden

  • Payment Methods Used and Preferred in Online and Mobile Shopping, in % of Online Shoppers, Q2 2017

4.2.8. Switzerland

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

4.2.9. Belgium

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

4.3. Emerging Markets

4.3.1. Russia

  • 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

4.3.2. Poland

  • Payment Methods That Encourage Online Shoppers to Purchase Online, in % of Online Shoppers, April 2017

4.3.3. 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
  • 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

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

6. Latin America

6.1. Brazil

  • 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
  • Factors Important for the Decision to Purchase in E-Commerce, incl. Payment-Related, in % of Online Shoppers, April 2017
  • Payment Methods Used in M-Commerce, in % of Mobile Shoppers, September 2017

6.2. 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
  • Top 5 Most Important Aspects in E-Commerce Payments, in % of Online Shoppers, February 2017

6.3. Colombia

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

7. Middle East

7.1. Regional

  • 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 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
Read More
  • Ant financial services
  • Apple
  • China UnionPay
  • Google
  • Klarna
  • MasterCard
  • Mobikwik
  • Oxxo
  • PayPal
  • PayU
  • Paytm
  • Tencent
  • Visa
  • Wal-Mart
  • iDeal
Read More

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