Global Alternative Payment Methods: First Half 2017

  • ID: 4392750
  • Report
  • Region: Global
  • 83 pages
  • yStats GmbH & Co. KG
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Report Points to Alternative Payment Methods as Key to Global E-Commerce Growth

FEATURED COMPANIES

  • Amazon.com Inc
  • Apple Inc
  • GMO Payment Gateway Inc.
  • iDEAL BV
  • PayPal Holdings Inc
  • Sofort AG
  • MORE

While credit card remains as the top payment method used by online shoppers worldwide, alternative methods are encroaching on that lead, and in some countries, have overtaken cards’ leading position.  Among the alternative payment methods used are E-Wallets like Alipay and PayPal, bank transfer, and cash on delivery. The alternative method of payment by invoice, popular in German-speaking countries of Europe and in Sweden is also mentioned in this report.

The report highlights that inability to make payments on the Internet is one of the principle deterrents to making purchases online, pointing out the importance of development of alternative payment methods to further the growth of online retail. 

Emerging markets seem especially prepared to use alternative payment methods, as shown in the payment method rankings for 30 countries cited in this report. In Southeast Asian counties other than Singapore, cash on delivery or bank transfers are used more that credit card by online shoppers. Cash payment on delivery is also preferred by online shoppers in the Middle East.

Alternative payment methods are increasingly being used by online shoppers in countries where credit card have been the leading payment method. In the United Kingdom, nearly half of online shoppers prefer to use PayPal, according to a survey cited in the report. Another example of this trend is Brazil, where local method Boleto Bancario rivals credit card use. 

Questions Answered in this Report:

  • What are the top alternative online payment methods?
  • How do they rank against credit card payments in global E-Commerce?
  • How does online shoppers’ preference for payment methods vary across 30 countries?
  • What are the main online and mobile payment trends in the top 5 B2C E-Commerce markets worldwide?

Countries Covered:

  • Argentina
  • Australia
  • Austria
  • Belgium
  • Brazil
  • Canada
  • China
  • France
  • Germany
  • India
  • Indonesia
  • Italy
  • Japan
  • Kenya
  • Malaysia
  • Mexico
  • Netherlands
  • Poland
  • Portugal
  • Russia
  • Singapore
  • South Africa
  • South
  • Korea
  • Spain
  • Sweden
  • Switzerland
  • Thailand
  • Turkey
  • UAE
  • UK
  • USA
  • Vietnam
READ MORE
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Amazon.com Inc
  • Apple Inc
  • GMO Payment Gateway Inc.
  • iDEAL BV
  • PayPal Holdings Inc
  • Sofort AG
  • MORE

1. Management Summary

2. Global Developments
Payment Methods Preferred in E-Commerce, in % of Online Shoppers, Q1 2017
Reasons For Not Shopping Online, incl. Payment-Related, in % of Internet Users Who Do Not Shop Online, Q1 2017
Breakdown of the Number of Transactions/Purchases by Payment Methods, in %, as Perceived by Businesses and by Consumers, 2016

3. Asia-Pacific
3.1. Regional
Breakdown of the Number of E-Commerce Orders by Payment Methods in Southeast Asia, by Indonesia, Philippines, Singapore and Thailand, in %, March 2017

3.2. Advanced Markets
3.2.1. Japan
Online and Mobile Payment Trends, August 2017

3.2.2. South Korea
Payment Methods Used in E-Commerce, in % of Online Shoppers, October 2016

3.2.3. Australia
Breakdown of the Number of Consumer Payments by Channels, in %, 2013 & 2016

3.3. Emerging Markets
3.3.1. China
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 – Q1 2017
Breakdown of Third-Party Online Payment GMV by Players, in %, by Two Comparative Estimates, Q1 2017

3.3.2. India
Breakdown of Payment Methods Used in M-Commerce, in % of Mobile Shoppers, 2016

3.3.3. Indonesia
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, by Number of Online Shoppers and Percentage of Online Shoppers, Q1 2016

3.3.5. Singapore
Breakdown of Payment Methods Preferred in Online Shopping, in % of Online Shoppers, 2016

3.3.6. Malaysia
Breakdown of Payment Methods Preferred in Online Shopping, in % of Online Shoppers, November 2016

3.3.7. Vietnam
Breakdown of Payment Methods Used in E-Commerce, in % Online Shoppers, August 2016

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
Payment Methods Preferred in E-Commerce, in % of Online Shoppers, October 2016
Top Payment Method Preferred by Online Shoppers and Share of Online Shoppers Preferring This Method, in %, by Selected Countries, October 2016

4.2. Advanced Markets
4.2.1. UK
Online and Mobile Payment Trends, July 2017
Breakdown of Payment Methods Preferred in E-Commerce, in % of Online Shoppers, February 2017

4.2.2. Germany
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
Breakdown of B2C E-Commerce Product Sales by Payment Methods, in %, 2015 & 2016
Top 10 Most Known Payment Providers, in % of Smartphone Users, Q4 2016/Q1 2017

4.2.3. France
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

4.2.5. Italy
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
Breakdown of Online Purchases by Payment Methods, in %, 2015 & 2016

4.2.7. Sweden
Breakdown of Payment Methods Preferred in E-Commerce, in % of Online Shoppers, Q3 2011 -2012, Q4 2013 – 2016

4.2.8. Belgium
Breakdown of Payment Methods Used in E-Commerce, in % of Online Shoppers, April 2017, and Change Compared to 2016 and 2011

4.2.9. Switzerland 
Top 5 Payment Methods Preferred in E-Commerce, in % of Online Shoppers, 2016

4.2.10. Austria
Top 5 Payment Methods Preferred in E-Commerce, in % of Online Shoppers, 2016

4.3. Emerging Markets
4.3.1. Russia
Payment Methods Used in E-Commerce, in % of Online Shoppers, 2014 - 2016
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. Poland
Payment Methods Used in E-Commerce, in % of Individuals, 2015 & 2016

4.3.3. Turkey
Payment Methods Used in E-Commerce, in % of Online Shoppers, January 2017

4.3.4. Portugal
Payment Methods Used in E-Commerce, in % of Banked Internet Users, July 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 Online Payment Authentication Transactions, in millions, Value, in USD billion, and Average, in USD, by Type, 2012 & 2015, and CAGR, in %, 2012-2015

5.2. Canada
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
Reasons to Give Up an Online Purchase, in % of Online Shoppers, June 2017
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 Payment Methods Used in the Last Online Purchase from International Site, in % of Cross-Border Online Shoppers, 2013 – 2016

6.3. Mexico
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

6.4. Argentina
Breakdown of E-Commerce Sales by Payment Methods, in %, 2016

7. Middle East and Africa
7.1. Regional
Breakdown of Payment Methods Preferred in E-Commerce, in % of Online Shoppers in GCC, October 2016

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

7.3. South Africa 
Payment Methods Used in E-Commerce, in % of Online Shoppers, March 2017

7.4. Kenya
Breakdown of Payment Methods Preferred in E-Commerce, in % of Online Shoppers, November 2016

Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Amazon.com Inc
  • Apple Inc
  • GMO Payment Gateway Inc.
  • iDEAL BV
  • PayPal Holdings Inc
  • Sofort AG
  • MORE

 “Global Alternative Payment Methods: First Half 2017,” reports that alternative payment methods contribute to the growth of online retail, particularly in emerging markets, and that   online shoppers prefer various payment options. 
 
While credit card remains as the top payment method used by online shoppers worldwide, alternative methods are encroaching on   that lead, and in some countries, have overtaken cards’ leading position.  Among the alternative payment methods used are E-Wallets like   Alipay and PayPal, bank transfer, and cash on delivery. The alternative method of payment by invoice, popular in German-speaking   countries of Europe and in Sweden is also mentioned in this report. 
 
The report highlights that inability to make payments on the Internet is one of the principle deterrents to making purchases online,   pointing out the importance of development of alternative payment methods to further the growth of online retail.  
 
Emerging markets seem especially prepared to use alternative payment methods, as shown in the payment method rankings for 30   countries cited in this report. In Southeast Asian counties other than Singapore, cash on delivery or bank transfers are used more   that credit card by online shoppers. Cash payment on delivery is also preferred by online shoppers in the Middle East.
 
Alternative payment methods are increasingly being used by online shoppers in countries where credit card have been the leading   payment method. In the United Kingdom, nearly half of online shoppers prefer to use PayPal, according to a survey cited in this report. Another example of this trend is Brazil, where local method Boleto Bancario rivals credit card use.

Note: Product cover images may vary from those shown
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  • Amazon.com Inc
  • Ant financial services
  • Apple Inc
  • Deutsche Bank AG
  • GMO Payment Gateway Inc.
  • Google Inc
  • Klarna Holding AB
  • iDEAL BV
  • PayPal Holdings Inc
  • Samsung Pay Inc
  • Sofort AG
  • Tencent Holdings Ltd
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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