Global Alternative Online Payment Methods: Second Half 2016 code:1301

OVERVIEW
TABLE OF CONTENTS
COMPANIES MENTIONED
Countries Covered: Global
Pages: 79
Publication Date: 08/02/2017
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Questions Covered in the report:
  • What are the leading alternative payment methods used by online shoppers worldwide?
  • How high is the share of alternative methods vis-à-vis credit card in global E-Commerce?
  • In which countries have alternative online payment methods outpaced bank card payments?
  • What are some of the most important online and mobile payment trends?
  • What are the top payment methods in shopping via mobile devices?

Key Findings:

Alternative methods outpace bank cards in global online payments

Payment by credit card no longer dominates the global E-Commerce market, according to the findings of the yStats.com report. Due to the rising contribution of emerging markets to global online retail revenues and changing preferences of online consumers in advanced markets, alternative payment methods collectively accounted for a higher share of E-Commerce sales in 2015 than traditional credit card payments. Through 2020, the share of these alternative payment methods is projected to increase further still, while credit and debit cards are projected to lose several percentage points in their share.

E-Wallet has emerged as the top online payment method among the alternatives to bank card. It accounted for close to one-third of worldwide E-Commerce sales and is the second most used payment method in cross-border online shopping, according to a recent survey cited in the yStats.com report. Digital wallet providers such as PayPal and Alipay are preferred by a high double-digit share of online shoppers in countries such as China, Italy, and Mexico. Other prominent alternative payment methods include bank transfer, direct debit, cash on delivery, payment by invoice and in-store payment.

Nevertheless, payment by credit or debit card remains the leading online payment method in multiple advanced markets including the USA, Canada, Japan, Australia, the UK and France. Furthermore, in selected emerging markets, such as Russia, there is a trend towards increased use of payment by bank cards. Overall, the diverse payment method preferences of online shoppers worldwide necessitate offering a range of payment options. Three quarters of online merchants concur with this reasoning by accepting at least 3 different online payment options, according to a 2016 survey cited in the yStats.com report.

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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
  • 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.  China

  • 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 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. Japan

  • Online and Mobile Payment Trends and News about Players, H2 2016

3.4. India

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

3.5. Australia

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

3.6. Indonesia

  • 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

3.7. Thailand

  • Breakdown of E-Commerce Revenues of Retail and Wholesale Trade Companies by Payment Method, in %, 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. UK

  • Online and Mobile Payment Trends and News about Players, H2 2016
  • Payment Methods Most Trusted in Online Shopping, in % of Online Shoppers, November 2016

4.3. Germany

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

4.4. France

  • Share of Respondents Who Trust PayPal with Personal Data, by Total, Ages 18-34, and Compared to a Bank, in %, June 2016

4.5. Russia

  • 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

4.6. Spain

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

4.7.  Italy

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

4.8. Netherlands

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

4.9. Sweden

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

4.10. Poland

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

4.11. Greece

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

4.12. Czech Republic

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

5. North America

5.1. USA

  • Online and Mobile Payment Trends and News about Players, H2 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

5.2. Canada

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

6. Latin America

6.1Regional

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

6.2. Brazil

  • Online and Mobile Payment Trends and News About Players, H2 2016
  • Breakdown of B2C E-Commerce Sales by Payment Methods, in %, 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

7. Middle East

7.1. Regional

  • 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 Cash On Delivery in Total Online Shopping in the Middle East, in %, 2015

7.2. UEA

  • 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

  • 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

  • Breakdown of Payment Methods Preferred in Online Shopping, in % of Online Shoppers
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  • Airtel Money
  • Alipay
  • Amazon
  • Android Pay
  • Apple Pay
  • Axis Bank
  • Bank of Japan
  • Bic Camera
  • BillSAFE
  • Braspag
  • Café Coffee Day
  • Capgemini
  • Car2go
  • Daimler Financial Services
  • Deloitte
  • Deutsche Telekom
  • Dotpay
  • Family Mart
  • FeliCa Networks
  • FreeCharge
  • Google
  • HDFC Bank
  • ICICI Bank
  • iDeal
  • iPag
  • Klarna
  • Lawson
  • MasterCard
  • maxiPago!
  • McDonalds
  • Mercedes Pay
  • Mi Pay
  • Moip Pagamentos
  • Mundipagg
  • MyTaxi app
  • MyWallet
  • Oxigen Wallet
  • Oxxo
  • PagSeguro
  • PayCash
  • PayPal
  • Paytm
  • PayU
  • Pingit
  • Popmoney
  • Prezelewy24
  • PwC
  • Rakuten Edy
  • Rede
  • Samsung Pay
  • SBI
  • Square Cash
  • Suica
  • Tenpay
  • Venmo
  • Visa
  • WeChat
  • Worldpay
  • Yodobashi Camera
Read More

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