E-commerce Payment Market to 2025 Emerging Technology By Leading Key Player Stripe, Visa, CCBill, UnionPay International, WePay, MasterCard Incorporated

The Asia Pacific is one of the prominent regions in e-commerce payment market which is contributing highest revenue globally due to the presence of youth population. Also, rapidly growing economies in Asia-Pacific with significant growth in spending capacity will propel the growth for e-commerce payment market. The Asia Pacific is a diverse region, both in terms of culture as well as online payments. China, India and Australia’s sizable credit card base offers a robust foundation for advancement in e-commerce.

Constantly growing opportunities in the e-commerce industry across the globe is bringing several challenges related to payment behaviors of regional customers as well as tax regulations in emerging markets. As a result, e-commerce players are facing increased complexities while offering these payment modes. For instance, a new player in the industry is required to set up banking relationships or multiple acquirer for international e-commerce. This may result in incurring additional costs as well as can result in slow product delivery.

Some of the key players operating in the e-commerce payment market include PayPal Holdings, Inc.; Amazon Payments, Inc.; CCBill, LLC; and WePay Inc.; Alipay; Visa, Inc.; MasterCard Incorporated; Stripe Inc.; American Express Company; and UnionPay International Co., Ltd. among others.

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The report focuses on an in-depth segmentation of e-commerce payment market based on type and industry. The geographic segmentation of the report covers five major regions including; North Americas, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SA). The regional e-commerce payment market has been further bifurcated by respective countries. By industry segment, service industry & others accounted for the largest share of the e-commerce payment market in 2017; whereas electronics & media is expected to grow at the highest CAGR during the forecast period.

Currently, e-wallets are gaining immense traction owing to increasing adoption of smartphones as well as increased accessibility to internet across the globe. E-wallet apps can be easily downloaded in the smart phones and are easy to use. Further, e-wallets is an ideal mode of payment for customers seeking for making online payments from different accounts thus, providing them flexibility. Some of the popular e-wallets are ApplePay, GoogleWallet, PayPal, Walmart Pay, Amazon Pay, and Alipay among others.

The report aims to provide an overview of global e-commerce payment market with detailed market segmentation. Also, it analyzes the current e-commerce payment market scenario and forecasts the market till 2025. The report covers market dynamics affecting the e-commerce payment market during the forecast period. Furthermore, the report analyzes the competitive scenario, geographic trends, and opportunities in the e-commerce payment market with respect to all geographic regions. The report also includes the detailed company profiles of the key players in the e-commerce payment market along with their market strategies. The report also provides value chain along with the SWOT analysis for all company profiled in the report.

Selecting an appropriate payment partner is essential to divest complexities. Utilizing a partner’s established payment, organizational expertise with international regulatory compliance, customer support efficiencies, and system and banking infrastructure, can streamline company’s international e-commerce expansion. Further, offering multiple payment options enable merchants to achieve more customer satisfaction. In our scope, the type segment is categorized into credit card, debit card, digital payment/e-wallet, net banking, and others.

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The global e-commerce payment market for the type is fragmented into Credit Card, Debit Card, Digital Payment/ E-Wallet, Net Banking, and Others. The credit card is the leading the market for e-commerce payment. Currently, credit card is the most used online payment mode in the e-commerce industry. However, digital payment/e-wallet is growing at a highest CAGR and is anticipated to dominate the market by 2025. Digital payment method or e-wallets are very convenient and easily accessible. Easy check out is the foremost advantage offered by e-wallets. E-wallets enable making payments just by scanning a device or a simple tap.

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This release was published on openPR.