Global Mobile Payment Methods: First Half 2017 code:1338

Global Mobile Payment Methods: First Half 2017
OVERVIEW
TABLE OF CONTENTS
COMPANIES MENTIONED
Countries Covered: Argentina, Australia, Austria, Belgium, Canada, China, France, Germany, India, Italy, Japan, Kenya, Mexico, Netherlands, Nigeria, Russia, South Korea, Spain, Sweden, Taiwan, Turkey, UK, USA
Pages: 116
Publication Date: 31/08/2017
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Questions Covered in the report:
  • What are the main mobile payment trends worldwide?
  • Which countries are leading in mobile payments?
  • What are the major drivers and barriers of mobile payment adoption?
  • How popular mobile wallets, such as Apple Pay, Samsung Pay and Android Pay, really are?

Key Findings:

Emerging markets drive the growth of mobile payment

Mobile payment continues to evolve across the globe, led in the first place by emerging economies in Asia and Africa. According to a recent survey cited in this report by yStats.com, Indonesia, China, India and Egypt occupied the top positions in a ranking of countries by share of Internet users who are likely to start using mobile payments in 2017. Consumers in emerging markets in general had a more positive image of mobile payment and mobile money services than those in developed markets. For example, more than three-quarters of consumers surveyed in developing countries believed that using mobile money improves their purchasing experience, compared to less than 50% in developed economies.

The adoption of mobile payment methods among consumers in different countries is driven by the factors of convenience, ease of use, payment processing speed and the ability to integrate loyalty programs into the payment app. At the same time, security is the main consideration of global consumers when deciding to use mobile payments, outranking convenience. In addition, more than one-half of smartphone users in Germany would like to see lower fees than for using other payment methods and those in Canada desire a higher acceptance level among merchants.

Mobile wallets are among the most prominent mobile payment methods. In India, the value of mobile payment transactions grew nine-fold in the past two years. In the USA, mobile wallets account for most of the in-store payment value with numerous competing offers from merchants, banks and tech companies. Multiple consumer surveys cited in this report by yStats.com, including in Argentina, Germany, and the USA, reveal banks as the preferred providers of mobile payment solutions. Nevertheless, the examples of the success of third-party providers Alipay and WeChat Pay in China confirm the strong potential of mobile payment solutions by non-bank providers. Moreover, the global usage figures of Apple Pay, Samsung Pay and Android Pay are projected to reach new heights in 2017, as they continue to launch in new markets and run promotional campaigns in existing ones.

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1. Management Summary

2. Global Developments

  • Payment Methods Preferred in E-Commerce, incl. “Mobile Payment”, in % of Online Shoppers, Q1 2017
  • Contactless Payment Transaction Value, in USD billion, 2017e & 2019f
  • Number of Contactless Payment Users of Android Pay, Apple Pay, and Samsung Pay, in millions, 2015 – 2017e
  • Share of Internet Users Who Are Likely To Use Mobile Payment in the Next Year, in % of Internet Users, by Selected Countries, Q1 2017
  • Attitudes Towards Mobile Payment and Mobile Money, in % of Consumers, by Developed and Developing Markets, 2016
  • Breakdown of the Number of Transactions/Purchases by Payment Methods, in %, incl. “Mobile Payments”, as Perceived by Businesses and by Consumers, 2016
  • Factors Most Important to Consumers in Deciding to Use Mobile Payments, in %, 2016
  • Mobile Payment Security Features Demanded by Consumers and Implemented by Businesses, in %, 2016

3. Asia-Pacific

3.1. Advanced Markets

3.1.1. Japan

  • Online and Mobile Payment Trends, August 2017
  • Mobile Payment User Penetration, in % of Individuals, May 2014, November 2015 & November 2016
  • Reasons For Using Smartphone Payment, in % of Smartphone Payment Users, March 2017

3.1.2. South Korea

  • Payment Methods Used in E-Commerce, in % of Online Shoppers, by PC and Mobile, October 2016
  • Share of Internet Users Who Have Used Convenient Payment Services, in %, October 2016
  • Reasons for Using Convenient Payment Services, in % of Users, October 2016

3.1.3. Australia

  • Smartphone Payment User Penetration, in % of Consumers, May 2017
  • Mobile Contactless Payment Awareness, in % of Individuals, by Total and by Generation,  December 2016

3.2. Emerging Markets

3.2.1. China

  • Online and Mobile Payment Trends, August 2017
  • Number of Mobile Payment Users, in millions, and Penetration, in % of Mobile Internet Users, 2014 – 2016
  • Share of Internet Users Who Use Mobile Payment in Physical Stores, in %, 2016
  • Breakdown of Mobile Payment Users by Gender and Age Group, in %, 2015 & 2016
  • Third-Party Mobile Payment Volume, in CNY trillion, by Two Comparative Estimates, Q1 2016 – Q1 2017
  • Breakdown of Third-Party Mobile Payment GMV by Players, in %, by Two Comparative Estimates, Q1 2017
  • Breakdown of Third-Party Mobile Payment GMV by Segment, in %, Q1 2017

3.2.2. Taiwan

  • Categories of Products and Services Paid for In-Store Using Mobile Payment Systems, in % of Users, October 2016

3.2.3. India

  • Breakdown of Payment Methods Used in M-Commerce, in % of Mobile Shoppers, 2016
  • Number of Mobile Payment Transactions, in billions, and Value, in INR trillion, FY 2016 – FY 2022f
  • Breakdown of Mobile Payment Transaction Value by Segment, in %, FY 2017e
  • Number of Mobile Wallet Transactions, in billions, and Value, in INR billion, FY 2016 – FY 2022f
  • Breakdown of Mobile Wallet Transaction Value by Segment, in %, FY 2017e
  • M-Wallet Market Size, in INR billion, FY 2016 – FY 2022f
  • Mobile Wallet Transaction Value, in USD billion, FY 2015 & FY 2017

4. Europe

4.1. Regional

  • Main Expected Innovation Fields in Payment Methods, in % of Payment Industry Experts, March 2017
  • External Disruptors in European Payment Environment, incl. “Mobile Wallets”, in % of Payment Industry Experts, March 2017
  • Factors Expected to Have the Greatest Impact on the Retail Industry in the Next 2-3 Years, in % of Multichannel Retailers, January 2017
  • New Technologies That European Multichannel Retailers Are Taking Advantage of, in %, January 2017
  • Mobile Payment Transactions, in EUR billion, 2016 & 2021f
  • In-Store Mobile Payment Share of Total Mobile Payment Value, in %, 2016 & 2021f
  • Top E-Commerce Related Activities Carried Out on Mobile Phones, in % of Online Shoppers in the Nordics, by Denmark, Finland, Norway and Sweden, 2016

4.2. Advanced Markets

4.2.1. UK

  • Online and Mobile Payment Trends, July 2017
  • Share of Online Card Spending Channeled via Mobile Devices, in %, 2013 – 2016
  • Breakdown of Frequency of Using Mobile Phone to Make Contactless Payments In-Store, in % of Smartphone Users, By Age Group, Gender and Total, 2016

4.2.2. Germany

  • Online and Mobile Payment Trends, July 2017
  • Breakdown of Mobile Payment Usage, in % of Smartphone Users, Q4 2016/Q1 2017
  • Top 10 Products and Services Paid for via Mobile, in % of Mobile Payment Users, Q4 2016/Q1 2017
  • Factors that Would Encourage Smartphone Users to Use Mobile Payment, in % of Smartphone Users, Q4 2016/Q1 2017
  • Most Trusted Providers, in % of Smartphone Users, Q4 2016/Q1 2017
  • Top 10 Most Known Payment Providers, in % of Smartphone Users, Q4 2016/Q1 2017

4.2.3. France

  • Breakdown of Willingness to Make Payments Using Smartphone, by Payment Amount, in % of Internet Users, December 2016
  • Breakdown of Belief in That Smartphone Will Become the Main Mean of Payment by 2025, by Payment Amount, in %, December 2016

4.2.4. Spain

  • Share of Banked Consumers Who Installed Mobile Payment Apps, in %, December 2016
  • Major Benefits of Mobile Payment According to Banked Consumers, in % of Banked Consumers, December 2016

4.2.5. Italy

  • Mobile Retail Payment Value by Sub-Segment, in EUR billion, 2016 & 2019f

4.2.6. Netherlands

  • Breakdown of Mobile Purchases Made via Smartphone by Payment Methods, in %, 2015 & 2016

4.2.7. Sweden

  • Factors Important at the Time of Payment, in % of Online Shoppers, Q4 2016

4.2.8. Belgium

  • Breakdown of Payment Methods Used in E-Commerce, incl. “Mobile App”, in % of Online Shoppers, April 2017, and Change Compared to 2016 and 2011
  • Factors Preventing Online Shoppers From Making Purchases Via Mobile, incl. Payment-Related, in % of Online Shoppers, April 2017
  • Share of Consumers Who Paid With a Smartphone In-Store, in % of Consumers, April 2017
  • Mobile Payment Apps Used, in % of Mobile Payment App Users, April 2017

4.2.9. 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, incl. “SMS”, in % of Online Shoppers, 2014 – 2016
  • Categories of Products and Services Paid For Online, by Paid for via Desktop and Smartphone, in % of Internet Users in Large Cities Who Go Online From Smartphone/Desktop, March 2017
  • Online Payment Methods Used to Pay for Products and Services Online, by Desktop and Smartphone, in % of Internet Users in Large Cities, March 2017
  • Types of Goods and Services Paid for Via Apple Pay and/or Samsung Pay, in % of Internet Users in Large Cities, March 2017

4.3.2. Turkey

  • Payment Methods Used in E-Commerce, in % of Online Shoppers, January 2017
  • Breakdown of Frequency of Paying via Mobile Phone, in % of Internet Users, October 2016

5. North America

5.1. USA

  • Online and Mobile Payment Trends and News About Players, August 2017
  • Digital and Mobile Payment Methods Used, in % of Online Shoppers, by Generation Y and Generation Z, March 2017
  • Number of Person-to-Person and Money Transfer Transactions, in millions, Value, in USD billion, and Average, in USD, by Original Channel, 2012 & 2015, and CAGR, in %, 2012-2015
  • Mobile Wallet Transactions, in millions, Value, in USD billion, and Average, in USD, by Type, 2012 & 2015, and CAGR, in %, 2012-2015
  • Types of Mobile Payments Made, in % of Banked Smartphone Users, January 2017
  • Breakdown of Preferred Mobile Wallet Providers, in % of Current Mobile Wallet Users, Interested Non-Users and Total,  January 2017
  • Merchant Mobile Wallet Ownership, in % of Banked Smartphone Users, and Merchant Mobile Wallet Apps Used, in % of Merchant Wallet App Users, January 2017
  • Issuer Mobile Wallet Ownership, in % of Banked Smartphone Users, and Issuer Mobile Wallet Apps Used, in % of Issuer Wallet App Users, January 2017
  • Share of Banked Smartphone Users Who Own Apple Pay, Samsung Pay or Android Pay Wallets, and Breakdown of the “Pays” Owned, in % of “Pays” Owners, January2017
  • Penetration of Apple Pay, Android Pay and Samsung Pay, by Enrolled, Have Used and Frequent Users, in % of Compatible Device Owners, January 2017
  • Proximity Mobile Payment Transaction Value, in USD billion, 2016 – 2021f
  • Share of Adults Who Used Online or Mobile P2P Payment in the Previous 12 Months, 2013 – 2021f
  • Most Important Features in Money Transfer or Payment Applications and Services, in % of Adults, July 2017

5.2. Canada

  • Share of Internet Users Who Installed an E-Wallet Mobile App, in %, by Age Group, April 2017
  • Motives to Use Mobile Wallet as a Primary Payment Method, in % of Mobile Payment Users, September 2016

6. Latin America

6.1. Regional

  • Share of Mobile Shoppers Who Use Mobile Wallets to Pay for Products/Services Purchased via Mobile Device, in %, by Brazil, Chile, Colombia, Mexico and Peru, August 2016

6.2. Mexico

  • Payment App and Wallet Penetration, in % of Banked Internet Users, July 2016

6.3. Argentina

  • Most Attractive Uses of Mobile Payment Services, in % of Smartphone Users, August 2016
  • Breakdown of Preferred Mobile Payment Providers, in % of Smartphone Users, August 2016

7. Middle East and Africa

7.1. Regional

  • Share of Online Shoppers in MENA Who Used Smartphone to Pay for Purchases Online, in %, 2016
  • Number of Registered Mobile Money Accounts in Sub-Saharan Africa, in millions, December 2005 & December 2016

7.2. Nigeria

  • Number and Value of Internet (Web) and Mobile Payment Transactions, in millions and in NGN billion, 2011- 2016

7.5. Kenya

  • Breakdown of Payment Methods Preferred in E-Commerce, incl. “M-Pesa”, in % of Online Shoppers, November 2016
  • Mobile Payment Statistics, incl. Number of Transactions, in millions, Value of Transactions, in KES billion, Number of Customers, in millions, and Number of Agents, in thousands, 2008 – 2016
Read More
  • Amazon.com Inc
  • Ant financial services
  • Apple Inc
  • China UnionPay Co Ltd
  • Deutsche Bank AG
  • GMO Payment Gateway Inc.
  • Google Inc
  • Klarna Holding AB
  • MasterCard Inc.
  • PayPal Holdings Inc
  • Samsung Pay Inc
  • Sofort AG
  • Tencent Holdings Ltd
  • Visa Inc.
  • iDEAL BV
Read More

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