+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

PRINTER FRIENDLY

Global Alternative Online Payment Methods 2020 and COVID-19's Impact

  • ID: 5050671
  • Report
  • May 2020
  • Region: Global
  • 115 Pages
  • yStats GmbH & Co. KG
1 of 5

FEATURED COMPANIES

  • Afterpay Ltd
  • Amazon Payments Inc
  • China UnionPay Co Ltd
  • MasterCard Inc.
  • Noon AD Holdings
  • Paypal Inc
  • MORE

Alternative payment methods battle credit cards online

E-Wallets dominate among alternative online payment methods

According to a recent survey cited in the report, one-fifth of digital buyers worldwide would not complete an online purchase if their preferred payment method is not offered. While credit and debit cards are the top choices of e-consumers in the USA, Brazil, France, Japan, South Africa, and many other countries, alternative payment means are gaining importance. Among them, E-Wallets such as PayPal and Alipay are the top methods used, already leading in various E-Commerce markets worldwide. Other popular alternatives to credit cards used by online shoppers are bank transfer, cash on delivery, and invoice.

Security concerns guide the choice of payment methods amid COVID-19

Amid the coronavirus outbreak, the payment choices of digital buyers continue to vary by country and region. While the overall preference ranking still holds, there is also a significant share of online buyers which are using payment methods they have never used before. For example, nearly one in five digital buyers in Italy paid by a prepaid card online for the first time, and one-tenth of Canada’s online shoppers started using a digital wallet. The main factor considered by consumers when choosing a payment method during the pandemic is it security and protection against fraud loss.

Report Coverage

  • This report covers the global online payment market with a focus on alternative payment methods. Alternative online payment methods generally refer to payment methods other than credit card or bank card payments. Online payment methods are defined as methods used by online shoppers to make purchases online via any device.
  • In addition, information related to the impact of the coronavirus (COVID-19) on digital payments worldwide was included in this report.
  • Major B2C E-Commerce markets in all global regions are covered, including advanced and emerging, while data availability varied across the countries.
  • The report includes data mostly published in the previous 12 months. The exact date of publication of the source is stated on each chart. The time period which the data refers to differs by source.

Report Structure

  • The global chapter opens the report, featuring a ranking of methods used by global online shoppers and other relevant market trends.
  • The rest of the report is divided by regions presented in the descending order of B2C E-Commerce sales. Within each region, the markets are grouped by advanced and emerging economies, where applicable, and ranked by online sales. Furthermore, where available, regional information was also included.
  • Depending on data availability, the following types of market information are included: payment methods most used in online shopping, including cards and alternative methods; attitude of online shoppers to the variety of payment methods offered; breakdown of preferences of online shoppers and of online retail sales by payment methods. Not all the mentioned types of information are available for each of the covered countries.
Note: Product cover images may vary from those shown
2 of 5

FEATURED COMPANIES

  • Afterpay Ltd
  • Amazon Payments Inc
  • China UnionPay Co Ltd
  • MasterCard Inc.
  • Noon AD Holdings
  • Paypal Inc
  • MORE

1. Management Summary

2. Global Developments

  • COVID-19 Impact on Online & Mobile Payment, May 2020
  • Payment Methods Most Used When Shopping Online During The Pandemic, in % of Online Shoppers, by Selected Countries, April 2020
  • Payment Methods Used For the First Time When Shopping Online During The Pandemic, in % of Online Shoppers, by Selected Countries, April 2020
  • Criteria for Choosing a Payment Method in Online Shopping Which Became More Important Since The Pandemic Outbreak, in % of Online Shoppers, by Selected Countries, April 2020
  • The Impact of COVID-19 on Payments Revenues, incl. Payments Revenues in 2019, Pre-COVID-19 Forecast, and Payments Revenues Forecast Under The Impact of COVID-19, in USD billion, 2020
  • Online & Mobile Payment Platform Revenues, in USD billion, 2019e & 2024f
  • Payment Methods Preferred in E-Commerce, in % of Online Shoppers, by Selected Regions, January 2019
  • Share of Online Shoppers Who Had Abandoned a Shopping Cart Due to Their Preferred Payment Method Not Being Offered, in %, January 2019
  • Share of Mobile Shoppers Who Had Abandoned a Shopping Cart Due to Their Preferred Payment Method Not Being Offered, in %, August 2019
  • Number of Digital Wallet Users, in billions, 2019e & 2024f
  • Breakdown of Digital Wallets by Provider’s Main Industry, in %, 2019

3. Asia-Pacific
3.1. Regional

  • Digital Wallets’ Share of E-Commerce and In-Store Sales, in %, 2019

3.2. Advanced Markets
3.2.1. Japan

  • Payment Methods Used in E-Commerce, in % of Online Shoppers, November 2019
  • Actions Taken When The Preferred Payment Method is Not Offered, in % of Online Shoppers, November 2019

3.2.2. South Korea

  • Breakdown of Payment Methods Used in E-Commerce, in % of Adults, 2019

3.2.3. Australia

  • Digital Payment User Penetration, by Type, in % of Individuals, December 2018 & December 2019
  • Usage of Selected Online Payment Services, in % of Individuals, December 2018 & December 2019
  • Usage of Selected Buy Now Pay Later Services, in % of Individuals, December 2018 & December 2019

3.2.4. Singapore

  • Payment Methods Used in E-Commerce, in % of Online Shoppers, 2019

3.3. Emerging Markets
3.3.1. China

  • Breakdown of Payment Methods in E-Commerce by Payment Value, in %, 2019e
  • Digital Wallets’ Share of E-Commerce and In-Store Sales, in %, 2019
  • Selected Leading Mobile Wallet Apps Used, in % of Internet Users, July 2019

3.3.2. Hong Kong

  • Breakdown of Payment Methods in E-Commerce by Payment Value, in %, 2019

3.3.3. India

  • Breakdown of Payment Methods in E-Commerce by Payment Value, in %, 2019e
  • Mobile Wallet Apps Used, in % of Internet Users, July 2019
  • Key Reasons for Using Digital Payments, in % of Digital Payment Users, by Metro and Non-Metro, 2019e

3.3.4. Indonesia

  • Payment Methods Preferred in E-Commerce, in % of Online Shoppers, H1 2019
  • Top Reasons to Shop Online, incl. Payment-Related, in % of Online Shoppers, H1 2019
  • Top 3 Digital Wallet Apps Used, in % of Digital Wallet App Users, by Age Group, April 2019

4. Europe
4.1. Regional

  • Breakdown of Preferred Payment Methods, by In-Store and Online, in % of Consumers, September 2019
  • Breakdown of Payment Methods Preferred in E-Commerce, in % of Online Shoppers, by Selected Countries, Spring 2019

4.2. Advanced Markets
4.2.1. UK

  • Breakdown of Payment Methods Preferred in E-Commerce, in % of Online Shoppers, Spring 2019
  • Breakdown of Usage Rates of “Buy Now, Pay Later Options” at Checkout During The Previous Five Years, in % of Consumers, October 2019

4.2.2. Germany

  • Payment Methods Known and Used in E-Commerce, in % of Online Shoppers, October 2019
  • Top 10 Factors Considered When Choosing a Payment Method in E-Commerce, in % of Online Shoppers, October 2019
  • Potential Shopping Cart Abandonment Rates, by Payment Methods Offered, in %, October 2019

4.2.3. France

  • Breakdown of Payment Methods Preferred in E-Commerce, in % of Online Shoppers, Spring 2019
  • Innovative Payment Methods Used by Internet Users, in % of Internet Users, January 2020
  • Breakdown of Expected Usage of Innovative Payment Methods If They Were Accepted Everywhere, in % of Internet Users, January 2020

4.2.4. Spain

  • Payment Methods Used in E-Commerce, in % of Online Shoppers, 2018 & 2019
  • Breakdown of Factors Most Important in Online Payment Methods, in % of Online Shoppers, October 2019

4.2.5. Italy

  • Breakdown of Payment Methods Preferred in E-Commerce, in % of Online Shoppers, Spring 2019

4.2.6. Sweden

  • Payment Methods in E-Commerce, by Used and Preferred, in % of Online Shoppers, Q2 2019
  • Reasons for E-Commerce Shopping Cart Abandonment, in % of Online Shoppers Who Have Abandoned Their Online Shopping Cart, H1 2019

4.2.7. Belgium

  • Breakdown of Payment Methods Used in E-Commerce, in % of Online Shoppers, April 2019, and Change Compared to 2018 and 2011

4.3. Emerging Markets
4.3.1. Russia

  • Payment Methods Used in E-Commerce, in % of Online Shoppers, 2016 & 2019
  • Breakdown of Payment Methods Preferred in E-Commerce, in % of Online Shoppers, 2016 & 2019
  • Online Payment Methods Used to Pay for Products and Services Online, by Desktop and Smartphone, in % of Internet Users, July 2019
  • Non-Bank Digital Wallet Services Used, by Age Group and Total, in % of Internet Users, July 2019

4.3.2. Poland

  • Payment Methods Encouraging Online Shopping, in % of Online Shoppers, April 2019
  • Breakdown of Fast Transfer Services Used in E-Commerce, in % of Online Shoppers Paying by Fast Transfer Services, April 2019
  • Problems Encountered by Online Shoppers When Making Purchases Via Mobile, incl. Payment-Related, in % of Mobile Shoppers, April 2019

4.3.3. Turkey

  • Breakdown of Payment Methods Used in E-Commerce, in % of Online Shoppers, May 2019

4.3.4. Czech Republic

  • Payment Methods Used in E-Commerce, in % of Internet Users, August 2019

4.3.5. Portugal

  • Payment Methods Preferred in E-Commerce, in % of Online Shoppers, 2019

5. North America
5.1. USA

  • Top 3 Payment Methods Used Online, by Average Purchase Value, in USD, and Frequency of Purchase, by Times Purchased in The Previous 30 Days, 2019
  • Payment Methods That Small Businesses Plan to Start Accepting In The Next 12 Months, in % of Small Businesses That Not Do Not Currently Accept That Payment Method, 2019
  • Awareness, Usage and Usage Intent of Interest-Free Online Payment Programs, in % of Adults, Q1 2019 - Q4 2019
  • Top Reasons for Shopping Cart Abandonment During Checkout, in % of Adults, September 2019
  • Top 3 Digital Wallets, by Payment Channel, in % of Digital Wallet Users, August 2019
  • Breakdown of Payment Methods Used With Digital Wallets, by Credit Card, Debit Card and Bank Account, in % of Users, August 2019

5.2. Canada

  • Breakdown of E-Commerce Sales by Payment Method, in %, 2018
  • Most Trusted Payment Methods, in % of Internet Users, April 2019
  • Selected Reasons for Shopping Cart Abandonment, in % of Online Shoppers, January 2019

6. Latin America
6.1. Regional

  • Payment Methods Used in E-Commerce, By Selected Countries, in % of Online Shoppers, July 2019
  • Factors Affecting Security Perception During E-Commerce Purchase On A New Website, By Selected Countries, in % of Online Shoppers, July 2019
  • Selected Mobile Payment Apps Used, incl. Penetration, in % of Devices, and Active Users, in % of All Users, by Argentina, Brazil and Mexico, July 2019

6.2. Brazil

  • Payment Methods Used in E-Commerce, in % of Online Shoppers, July 2019
  • Breakdown of E-Commerce Orders by Payment Methods, in %, H1 2019

6.3. Mexico

  • Payment Methods Used in E-Commerce, in % of Online Shoppers, July 2019

6.4. Argentina

  • Payment Methods Used in E-Commerce, in % of Online Shoppers, July 2019

6.5. Colombia

  • Payment Methods Used in E-Commerce, in % of Online Shoppers, July 2019

6.6. Chile

  • Payment Methods Used in E-Commerce, in % of Online Shoppers, July 2019

7. Middle East & Africa
7.1. Regional

  • COVID-19 Impact on Online & Mobile Payment, May 2020
  • Overview of Mobile Money Statistics in Africa, incl. Number of Live Services, Registered Accounts, in millions, Active Accounts, in millions, Transaction Volume in millions, and Transaction Value, in USD billion, and Year-on-Year Growth, in %, by Sub-Region, 2019

7.2. UAE

  • Breakdown of E-Commerce Transactions by Payment Methods, in %, August 2019
  • Digital Wallet Awareness, Ownership & Usage, in % of Online Payment Users, February 2019

7.3. Saudi Arabia

  • Breakdown of E-Commerce Transactions by Payment Methods, in %, August 2019
  • Payment Methods Used in E-Commerce, in % of Online Shoppers, 2019

7.4. Israel

  • Breakdown of E-Commerce Transactions by Payment Methods, in %, August 2019

7.5. South Africa

  • Payment Methods Preferred in E-Commerce, in % of Internet Users, July 2019

7.6. Egypt

  • Breakdown of E-Commerce Transactions by Payment Methods, in %, August 2019

7.7. Nigeria

  • Breakdown of E-Commerce Transactions by Payment Methods, in %, August 2019
Note: Product cover images may vary from those shown
3 of 5

Loading
LOADING...

4 of 5
  • Afterpay Ltd
  • Alphabet Inc.
  • Amazon Payments Inc
  • Ant Financial Services Group
  • Apple Inc
  • China UnionPay Co Ltd
  • Jumia Technologies AG
  • MasterCard Inc.
  • Mercadolibre Inc.
  • Noon AD Holdings
  • PayPal Holdings Inc
  • Paypal Inc
  • Paytm Mobile Solutions Pvt. Ltd.
  • PayU S.A.
  • PS Yandex Money LLC
  • Tencent Holdings Ltd
  • Visa Inc
Note: Product cover images may vary from those shown
5 of 5

Loading
LOADING...

Adroll
adroll