Global Mobile Payment Methods: Second Half 2017

  • ID: 4471941
  • Report
  • Region: Global
  • 108 pages
  • yStats GmbH & Co. KG
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One Third of Connected Consumers Use Mobile Payments

FEATURED COMPANIES

  • Ant financial services
  • China UnionPay
  • Kakao
  • Mobikwik
  • PayPal
  • PayU
  • MORE

The report "Global Mobile Payment Methods: Second Half 2017,” details the advancing penetration of mobile payments.  One finding is that one third of Internet connected shoppers around the world use mobile payment methods for their purchases, with consumers in the Asia-Pacific region leading the trend.

The report cites primary sources showing that mobile payments are growing in use worldwide. China has more than 500 million people making payments through a mobile device, and mobile payments are popular in other emerging markets of the Asia-Pacific region. In Europe, the Scandinavian countries are the leaders in mobile payment adoption.  Consumers in the USA have not turned to mobile payment in the same rate as Asian shoppers, though usage and awareness rates are in double digits, with mobile wallets used for in-store purchases as well as online. In Latin America mobile payment are used by about one-quarter of Internet users, and M-payment growth continued in Africa, as well.

Though adoption of mobile payment has advanced worldwide over the past several years, many potential shoppers are concerned about security of this payment method. In a survey cited in the yStats.com report, over half of global Internet users stated that mobile payments are not safe.

Questions Answered in this Report

  • What are the key trends in global mobile payments?
  • Which countries are leading worldwide in mobile payment adoption?
  • What is the current state and the prospects of in-store mobile payments?
  • Who is winning the battle of mobile wallets?
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FEATURED COMPANIES

  • Ant financial services
  • China UnionPay
  • Kakao
  • Mobikwik
  • PayPal
  • PayU
  • MORE

1. Management Summary

2. Global Developments
Mobile Payment User Penetration, in % of Internet Users, by Regions, Q4 2015 & Q2 2017
Apple Pay User Penetration Compared to Overall Mobile Payment User Penetration, in % of Internet Users, by Penetrated Markets, Q2 2017
Share of Internet Users Who Believe That Mobile Payment is Not Secure, in %, October 2016

3. Asia-Pacific
3.1. Regional
Awareness and Usage of New Payment Methods, in % of Consumers, August 2017
Top 3 Mobile Payment Services Used by Internet Users, by Selected Countries, incl. India, Indonesia, Philippines, South Korea and Thailand, in % of Internet Users, Q2 2017
3.2. Advanced Markets
3.2.1. Japan
Online and Mobile Payment Trends, January 2018
Awareness and Usage of E-Money Services and Smartphone Payment Services, in % of Smartphone Users, November 2017
Most Used Smartphone Payment Services, in % of Smartphone Payment Users, November 2017
Locations of Using Smartphone Payment, in % of Smartphone Payment Service Users, November 2017
Share of Smartphone Owners Who Have Used QR Code Payment, in %, and Share of Non-Users Who Would Like to Use It in the Future, in %, October 2017
3.2.2. South Korea
Daily Average Value of Mobile Card Payments, in KRW billion, H1 2015-H1 2017
Top 5 Mobile Payment Services by Payment Volume, in KRW billion, January-August 2017
Proximity Mobile Payment User Penetration, in % of Smartphone Users, 2018f
3.2.3. Australia
Breakdown of Online Payments by PC/Tablet and Mobile, in %, 2013 & 2016
E-Commerce Sales Shares of Apple Pay and Android Pay, in %, 2017e
Share of In-Person Card Payments Made via Mobile Phone, in %, 2016
3.3. Emerging Markets
3.3.1. China
Online and Mobile Payment Trends, January 2018
Number of Mobile Payment Users, in millions, and Penetration, in % of Mobile Internet Users, 2014-2016 & June 2017
Third-Party Mobile Payment Volume, in CNY trillion, by Two Comparative Estimates, Q1 2016-Q2 2017
Breakdown of Third-Party Mobile Payment GMV by Players, in %, by Two Comparative Estimates, Q2 2017
Breakdown of Third-Party Mobile Payment, by Type, in %, Q2 2016-Q2 2017
Payment Methods Used for In-Store Purchases, in % of Internet Users, June 2017
Selected Mobile Payment Services Used Regularly to Make Payments, in % of Urban Consumers, 2017
Payment Transactions Processed via Offline QR Code Scanning, in CNY billion, Q1 2016-Q1 2017
Proximity Mobile Payment Users Number, in millions, and Penetration, in % of Smartphone Users, 2016-2021f
3.3.2. India
Payment Methods Preferred When Making Online/Mobile Payments, in % of Urban Internet Users, 2017
Value of Payment Transactions by Selected Non-Cash Payment Methods, in INR billion, and Volume, in millions, incl. Mobile Wallets, FY 2014-2015-FY 2016-2017
3.3.3. Indonesia
Top 10 Mobile Payment Services Used, in % of Mobile Payment Users, September 2017
3.3.4. Singapore
Share of Credit Card Holders Who Used Mobile Wallets to Make Payments from Credit Card, 2016 & 2017

4. Europe
4.1. Regional
Top Countries in Western Europe by Proximity Mobile Payment User Penetration, in % of Smartphone Users, 2018f
4.2. Advanced Markets
4.2.1. UK
Online and Mobile Payment Trends, January 2018
Proximity Mobile Payment Users Number, in millions, and Penetration, in % of Smartphone Users, 2016-2021f
Breakdown of Apple Pay and Android Pay Users by Age Group, in %, Compared to Total Adults, 2016
Most Valued Aspects of Mobile Payment, in % of Mobile Payment Users, July 2017
Share of Internet Users Who Have Used Fingerprint Technology to Pay for Goods and Who Have Used “Selfie” Payments, in %, 2017
4.2.2. Germany
Online and Mobile Payment Trends, January 2018
Share of Consumers Who Have Used Payment via Smartphone, in %, and Share of Non-Users Who Could Imagine Paying With a Smartphone in the Future, in %, April 2017
Breakdown of Optimization of Payment Process for Mobile, in % of Online Merchants, 2017
Reasons for Cancelling a Purchase via Smartphone, in % of Smartphone Shoppers, 2017
4.2.3. France
Mobile Payment User Penetration, in % of Smartphone Users, March 2017
Number of Mobile Payment Users, in millions, June 2015, June 2016 & March 2017
4.2.4. Spain
Payment Methods Used in M-Commerce, in % of Mobile Shoppers, 2016 & 2017
4.2.5. Italy
Breakdown of Awareness and Usage of New FinTech Services, in % of Internet Users, 2017
4.2.6. Sweden
Awareness and Usage of Mobile Payment Solutions, in % of Internet Users, Q2 2017
Payment Methods Used and Preferred in Online and Mobile Shopping, in % of Online Shoppers, Q2 2017
Reasons to Choose a Particular Payment Method, in % of Online Shoppers, Q2 2017
4.2.7. Switzerland
Mobile Payment User Penetration, by Current User and Potential Use, in % of Consumers, August 2017
Breakdown of Third-Party Mobile Payment Solutions Used, in % of Users, August 2017
4.2.8. Denmark
Payment Methods Used and Preferred in Online and Mobile Shopping, in % of Online Shoppers, Q2 2017
4.2.9. Norway
Payment Methods Used and Preferred in Online and Mobile Shopping, in % of Online Shoppers, Q2 2017
4.2.10. Finland
Payment Methods Used and Preferred in Online and Mobile Shopping, in % of Online Shoppers, Q2 2017
4.2.11. Ireland
Payment Methods Preferred in E-Commerce, in % of Online Shoppers, June 2017
4.3. Emerging Markets
4.3.1. Russia
Attitudes to Mobile Payment, in % of Respondents, Compared to Global Average, 2016
4.3.2. Poland
Payment Methods Used in Online Shopping, in % of Online Shoppers, 6 Months to October 2017
Payment Methods That Encourage Online Shoppers to Purchase Online, in % of Online Shoppers, April 2017
4.3.3. Turkey
Breakdown of the Number of E-Commerce Transactions With Payment Cards by Mobile and Web, in %, Q3 2016
4.3.4. Portugal
Payment Methods Preferred in E-Commerce, in % of Online Shoppers, June 2017
4.3.5. Hungary
Payment Methods Preferred in E-Commerce, in % of Online Shoppers, June 2017

5. North America
5.1. Regional
Share of Consumers Using Mobile Payment Apps at Least Weekly, by Apps from Retailers and Other Apps, 2016 & 2017
Breakdown of Current and Planned Mobile Payment Solutions Acceptance, in % of Retailers, February 2017
5.2. USA
Online and Mobile Payment Trends, February 2018
Awareness and Usage of Emerging Technologies in Shopping, incl. Mobile Payment, in % of Consumers, July 2017
Share of Consumers Who Are Worried About Their Personal Information When Using a Mobile Payment App, in %, 2015-2017
Mobile Payment Transactions, in USD billion, 2011, 2016 & 2021f
Mobile Wallets Used, in % of Internet Users, July 2017
Mobile Payment Apps Used for Making Payments In Store, in % of In-Store Mobile Payment Users, February 2017
Mobile Payment Apps Used for Preordering Food or Coffee, in % of Users, February 2017
P2P Mobile Payment Users, in millions, and Penetration, in % of Smartphone Users, 2016-2021f
5.3. Canada
Share of Cardholders Who Loaded Credit/Debit Card Information on Their Mobile Phone/Wallet, in %, 2017
Awareness of Contactless Payment Methods, in % of Credit/Debit Cardholders, H1 2017
Breakdown of Contactless Card Payment Users and Apple Pay Users by Age Group, in %, Q2 2017
Share of Smartphone Users Indicating Security Concerns as a Hindrance to Making Mobile Payments, in %, by Age Group, May 2017

6. Latin America
6.1. Brazil
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

7. Middle East and Africa
7.1. Israel
Share of Adult Internet Users in Israel Who Use Mobile Wallet Apps to Purchase Goods or Services At Least Once a Month, in %, May 2017
7.2. Nigeria
Number and Value of Internet (Web) and Mobile Payment Transactions, in millions and in NGN billion, 2011-2016 & H1 2017
Breakdown of Experience with Mobile Money, in % Adults, 2016
Main Purposes of Using Mobile Money Services, in % Mobile Money Users, 2016
7.3. Kenya
Mobile Payment Statistics, incl. Number of Transactions, in millions, Value of Transactions, in KES billion, Number of Accounts, in millions, and Number of Agents, in thousands, 2008-2017

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FEATURED COMPANIES

  • Ant financial services
  • China UnionPay
  • Kakao
  • Mobikwik
  • PayPal
  • PayU
  • MORE

E-Wallets to Overtake Payment Cards in Global B2C E-Commerce
 
The rise of alternative payment methods represents one of the top payment trends in global B2C E-Commerce. According to one projection cited in the yStats.com’s report, the share of credit and debit card payments in worldwide online sales could decline to less than one-quarter in four years’ time. E-Wallets, such as PayPal and Alipay, are expected to dominate online payments with a sales share of close to one-half by 2021.

In China, the world’s largest E-Commerce market, online and mobile payments processed by third-party services count several trillions of U.S. dollars per year, and are still growing at double-digit rates for online and triple-digit rates for mobile payments. In Europe, digital wallet is the most preferred online payment method on a regional average, although in multiple countries such as France, Belgium and Sweden, payment cards remain in the lead. Also in the U.S. a higher share of online shoppers preferred to pay by filling out a standard credit card form than using a digital wallet such as PayPal, as of 2017.

Overall, the report reveals that preferences of online shoppers with regard to payment methods vary by country. For example, many consumers in Brazil use local banking method Boleto, with this method ranking second only to credit cards. In Germany, more shoppers pay by PayPal or invoice than by credit card, while in Indonesia digital buyers would rather pay via ATM. In several countries of Eastern Europe and Middle East cash on delivery remains the top payment choice of online shoppers, as consumers are vary of online payment security or lack means to pay over the Internet.

Another finding of the yStats.com report is the growth of mobile payments worldwide. Among the global regions, the highest mobile payment penetration rate among Internet users was in Asia-Pacific, followed by Latin America and the Middle East and Africa, as of mid-2017. Also in North America and Europe, mobile payment usage has grown, with competition among mobile wallet providers increasing.

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  • Ant financial services
  • Apple
  • China UnionPay
  • Google
  • Kakao
  • MasterCard
  • Mobikwik
  • Oxxo
  • PayPal
  • PayU
  • Paytm
  • Samsung
  • Tencent
  • Visa
  • Wal-Mart
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