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United States E-Commerce Payment Market, by Payment Method (Bank Transfer, Card, Digital Wallets, Cash and Others), Category (Groceries, Household goods, Health and Beauty,and Others), Digital Wallets, Bank & Forecast

  • ID: 5115522
  • Report
  • June 2020
  • Region: United States
  • 240 pages
  • Renub Research
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FEATURED COMPANIES

  • Amazon Pay
  • Bank of America
  • Citi Group
  • HSBC Holdings plc’s
  • JP Morgan
  • PayPal
  • MORE
The United States is the second-largest E-Commerce market globally after China in terms of sales. United States Ecommerce Payment Market share of total retail sales has steadily been on the rise with ecommerce penetration hitting 16.0% in 2019. E-commerce continues to drive the retail landscape in the United States, and consumer purchasing remains high, and mobile e-commerce provided new ways to shop for and buy goods and services. According to this report, United States Ecommerce Payment Market is growing with double-digit growth rate and expected to reach USD 1,395.47 Billion by the end of year 2026.

Coronavirus Impact on Ecommerce Payment Industry in U.S.A

COVID-19 pandemic is rapidly accelerating the online transition as consumers are practising social distancing, and e-commerce orders for groceries and medical essentials, have become survival and convenient tool for the American family. The average daily downloads for popular digital grocery apps Instacart, Walmart Grocery, Amazon and Shipt have surged since January 2020.

Cards Dominance in United States Payment Industry

Cards are the dominant online payment method used for all e-commerce transactions, and 93 percent of the population has a bank account in 2019. Bank of America, JP Morgan bank and others are the ubiquity of credit and debit cards has made them an enabler of digital wallets. The United States merchants are adapting new landscape and merchants accepting digital wallet payments through popular providers like PayPal, Google Pay, Amazon Pay, Xerox, Quick book and Zendesk. As the number of COVID-19 cases ticks up in the U.S., consumers are going cashless to avoid potential hygiene issues around handling banknotes in this pandemic COVID-19.

The shifting in the digital landscape and online transaction dynamics remain keen to drive the E-commerce payment market in the United States. At the same time, cybersecurity threats continue to evolve rapidly and are expected to challenge the market growth. The segments in the ecommerce platform in the United States are Travel, Consumers Electronic, Clothes and Apparel, Household goods, Health and Beauty, Groceries and Others.

This report titled “United States E-Commerce Payment Market & Forecast, by Payment Method (Bank Transfer, Card, Digital Wallets, Cash and Others), Category (Travel, Consumers Electronic, Clothes and Apparel, Household goods, Health and Beauty, Groceries and Others), Digital Wallets (PayPal, Amazon Pay, Xero and Stripe), Bank (JP Morgan, Bank of America, Wells Fargo, HSBC Holdings plc’s and Citi Group)” studies the United States ecommerce payment market. This report provides an all-encompassing analysis of the key growth drivers and restraining factors, demand, and their projections for the upcoming years.

By Category - Groceries is one of the Top Segments

The report studies the market of the following Category: Travel, Consumers Electronic, Clothes and Apparel, Household goods, Health and Beauty, Groceries and Others. In the United States groceries are one of the top leading categories, and it is growing due to the rise in internet penetration, increasing per capita and disposable income.

By Payment method - Credit card is leading the payment method market

Based on the payment method, the Ecommerce payment market has been broadly segmented into Bank transfer, Card (Credit and Debit), Digital Wallets, Cash and Others. Credit card Segment is leading the market and will continue on top during the forecast period.

Digital Wallet and Bank covered in the report has been covered from 3 viewpoints
  • Overview
  • Initiatives & Recent Developments
  • Revenue
Digital Wallet covered in this report
  • PayPal,
  • Amazon Pay,
  • Xero
  • Stripe
Bank covered in this report
  • JP Morgan
  • Bank of America
  • Wells Fargo
  • HSBC Holdings plc’s
  • Citi Group
Category - United States E-commerce Payment Market
  • Travel
  • Consumers Electronic
  • Clothes and Apparel
  • Household goods
  • Health and Beauty
  • Groceries
  • Others
Payment Method - United States E-commerce payment market
  • Bank Transfer
  • Card (Credit and Debit)
  • Digital Wallets
  • Cash
  • Others
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Amazon Pay
  • Bank of America
  • Citi Group
  • HSBC Holdings plc’s
  • JP Morgan
  • PayPal
  • MORE
1. Introduction

2. Research Methodology

3. Executive Summary

4. Market Dynamics
4.1 Key Growth Drivers
4.2 Key Challenges

5. United States E-Commerce Payment Market

6. Market Share Analysis
6.1 By Category

7. Category Market Analysis - US E-Commerce Payment
7.1 Travel Market
7.1.1 By Payment Method
7.2 Consumer Electronics Market
7.2.1 By Payment Method
7.3 Clothing, Apparel and Accessories Market
7.3.1 By Payment Method
7.4 Household Goods Market
7.4.1 By Payment Method
7.5 Health and Beauty Market
7.5.1 By Payment Method
7.6 Groceries Market
7.6.1 By Payment Method
7.7 Others Market
7.7.1 By Payment Method

8. Payment Method Market
8.1 Bank Transfer
8.2 Card
8.3 Digital Wallets
8.4 Cash
8.5 Others

9. Digital Wallets
9.1 PayPal Holdings
9.1.1 Overview
9.1.2 Recent Development
9.1.3 Revenue
9.2 Amazon Pay
9.2.1 Overview
9.2.2 Recent Development
9.2.3 Revenue
9.3 Xerox
9.3.1 Overview
9.3.2 Recent Development
9.3.3 Revenue
9.4 Stripe
9.4.1 Overview
9.4.2 Recent Development

10. Bank Analysis
10.1 JPMorgan Chase Bank
10.1.1 Overview
10.1.2 Cards (Debit & Credit)
10.1.3 Revenue
10.2 Bank of America
10.2.1 Overview
10.2.2 Cards (Debit & Credit)
10.2.3 Revenue
10.3 Wells Fargo
10.3.1 Overview
10.3.2 Cards (Debit & Credit)
10.3.3 Revenue
10.4 HSBC Holdings plc’s
10.4.1 Overview
10.4.2 Cards (Debit & Credit)
10.4.3 Revenue
10.5 Citi Group
10.5.1 Overview
10.5.2 Cards (Debit & Card)
10.5.3 Revenue

List of Figures:
Figure 1: United States - E-Commerce Payment Market by Category in (US$ Million), 2019-2026
Figure 2: United States - E-Commerce Payment Market by Payment Method in (US$ Million),2019-2026
Figure 3: United States - E-Commerce Payment Market in (Billions US$), 2017 - 2019
Figure 4: United States - Forecast For E-Commerce Payment Market in (Billion US$), 2020 - 2025
Figure 5: United States - Travel Payment Market in (Billion US$), 2017 - 2019
Figure 6: United States - Forecast for Travel Payment Market in (Billion US$), 2020 - 2026
Figure 7: United States - Consumer Electronics Payment Market in (Billions US$), 2017 - 2019
Figure 8: United States - Forecast Consumer Electronic Payment Market in (Billions US$), 2020 - 2026
Figure 9: United States - Clothing, Apparel and Accessories Payment Market in (Billions US$), 2017 - 2019
Figure 10: United States - Forecast for Clothing, Apparel and Accessories Payment Market in (Billions US$), 2020 - 2026
Figure 11: United States - Household Goods Payment Market in (US$ Billion), 2017 - 2019
Figure 12: United States -Forecast for Household Goods Payment Market in (US$ Billion), 2020 - 2026
Figure 13: United States - Health and Beauty Payment Market in (US$ Billion), 2017 - 2019
Figure 14: United States - Forecast For Health and Beauty Payment Market in (US$ Billion), 2020 - 2026
Figure 15: United States - Groceries Payment Market in (US$ Billion), 2017 - 2019
Figure 16: United States - Forecast for Groceries Payment Market in (US$ Billion), 2020 - 2026
Figure 17: United States - Other Payment Market in (US$ Billion), 2017 - 2019
Figure 18: United States -Forecast for Other Payment Market in (US$ Billion), 2020 - 2026
Figure 19: United States - Bank Transfer Market in (US$ Millions), 2017 - 2019
Figure 20: United States - Forecast for Bank Transfer Market in (US$ Millions), 2020 - 2026
Figure 21: United States - Card (Credit & Debit) Market in (US$ Millions), 2017 - 2019
Figure 22: United States - Forecast for (Credit & Debit) Market in (US$ Millions), 2020 - 2026
Figure 23: United States - Digital Payment Method Market in (US$ Millions), 2017 - 2019
Figure 24: United States - Forecast for Digital Payment Method Market in (US$ Millions), 2020 - 2026
Figure 25: United States - Other Payment Method Market in (US$ Millions), 2017 - 2019
Figure 26: United States - Other Payment Method Market in (US$ Millions), 2020 - 2026
Figure 27: United States - Cash Payment Method Market in (US$ Millions), 2017 - 2019
Figure 28: United States - Cash Payment Method Market in (US$ Millions), 2020 - 2026
Figure 29: Global - PayPal Revenue in (US$ Millions), 2015 - 2019
Figure 30: Global - Forecast for PayPal Revenue in (US$ Millions),2020 - 2026
Figure 31: Global - AmazonPay Revenue in (US$ Millions), 2015 - 2019
Figure 32: Global - Forecast for AmazonPay Revenue in (US$ Millions),2020 - 2026
Figure 33: Global - Xero Revenue in (US$ Millions), 2015 - 2019
Figure 34: Global - Forecast for Xero Revenue in (US$ Millions),2020 - 2026
Figure 35: Global - JPMorgan Chase Revenue in (US$ Millions), 2015 - 2019
Figure 36: Global - Forecast for JPMorgan Chase Revenue in (US$ Millions),2020 - 2026
Figure 37: Global - Bank of America Revenue in (US$ Millions), 2015 - 2019
Figure 38: Global - Forecast for Bank of America Revenue in (US$ Millions),2020 - 2026
Figure 39: Global - CitiGroup Revenue in (US$ Millions), 2015 - 2019
Figure 40: Global - Forecast for CitiGroup Revenue in (US$ Millions),2020 - 2026
Figure 41: Global - HSBC Holdings Revenue in (US$ Millions), 2015 - 2019
Figure 42: Global - Forecast for HSBC Holdings Revenue in (US$ Millions),2020 - 2026
Figure 43: Global - Wells Fargo Revenue in (US$ Millions), 2015 - 2019
Figure 44: Global - Forecast for Wells Fargo Revenue in (US$ Millions),2020 - 2026

List of Tables:
Table 1: United States E-Commerce Payment Market Share By Category in (Percent), 2017 - 2019
Table 2: United States - Forecast For E-Commerce Payment Market Share By Category in (Percent), 2020 - 2026
Table 3: United States - Travel Payment Method in (US$ Million), 2017 - 2019
Table 4: United States - Forecast for Travel Payment Method in (US$ Million), 2020 - 2026
Table 5: United States - Consumer Electronics Payment Method Market in (US$ Million), 2017 - 2019
Table 6: United States - Forecast for Consumer Electronics Payment Method Market in (US$ Million), 2020 - 2026
Table 7: United States - Clothing, Apparel and Accessories Payment Method Market in (Million US$), 2017 - 2019
Table 8: United States - Forecast for Clothing, Apparel and Accessories Payment Method Market in (Million US$), 2020 - 2026
Table 9: United States - Household Goods Payment Method Market in (US$ Million), 2017 - 2019
Table 10: United States - Household Goods Payment Method Market in (US$ Million), 2020 - 2026
Table 11: United States - Health and Beauty Payment Method Market in (US$ Million), 2017 - 2019
Table 12: United States - Health and Beauty Payment Method Market in (US$ Million), 2020 - 2026
Table 13: United States - Grocery Payment Method Market in (US$ Million), 2017 - 2019
Table 14: United States - Grocery Payment Method Market in (US$ Million), 2020 - 2026
Table 15: United States - Other Payment Method Market in (US$ Million), 2017 - 2019
Table 16: United States - Forecast for Others Payment Method Market in (US$ Million), 2020 - 2026
Note: Product cover images may vary from those shown
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  • PayPal
  • Amazon Pay
  • Xero
  • Stripe
  • JP Morgan
  • Bank of America
  • Wells Fargo
  • HSBC Holdings plc’s
  • Citi Group
Note: Product cover images may vary from those shown
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In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.

Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.

Primary Research

The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develop the analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth, and forecast

The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:

  • Chief executives and VPs of leading corporations specific to the industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
  • Key opinion leaders (KOLs)

Secondary Research

The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, webcasts, and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
 

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