openPR Logo
Press release

Mobile Payment Methods show high Potential for global E-Commerce

09-11-2012 03:00 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: ystats.com Gmbh & Co. KG

yStats.com Logo

yStats.com Logo

The "Global Online Payment Methods 2012" report by yStats.com – Hamburg-based secondary market research specialist – analyzes recent developments in E-Commerce payment methods, first on a global scale and then separately for more than 50 regions and countries worldwide. Additionally, the report features the most important trends and the latest news for more than 40 payment companies in these markets.

The average global online shopper uses only a small number of payment methods, with a preference for familiar systems. Not only the online payment segment but also mobile payment methods show a steady growth in 2012. The transaction volume for mobile payments is forecasted to increase by approximately 75% worldwide compared to 2011. In response to this trend, PayPal has launched its PayPal Mobile service. The company expects further growth for 2012 and plans to enter the markets of Russia, China, India and the Middle East.

Credit Card Payments still the preferred Form of Payment on the American Continent
In 2011, the market share for credit card payments in online shopping was approximately 40% in the USA. This figure is set to slightly increase until 2016 despite data safety concerns voiced by consumers. In March 2012, Western Union launched a digital payment platform called WU Pay, offering bank transfer and cash-based payment options for online shoppers. Despite the continued growth of B2C E-Commerce in Latin America, approximately half of all online shoppers still continued to use cash as the preferred payment method. In 2011, credit cards were online shoppers' preferred payment method in Brazil and Mexico. In 2012, credit cards replaced cash as the preferred online payment method in Argentina, where the transaction volume for the online payment systems DineroMail and MercadoPago experienced strong growth.

Cash Payment Alternatives on the Rise in Eastern Europe
In Europe, where credit cards are still the most popular E-Commerce payment option, new regulations and the SEPA (Single Euro Payments Area) initiative have been introduced to make online payments within Europe easier. In the UK, credit cards were the most frequently used online payment option in 2012, followed by debit cards. In France, credit and debit cards were generally preferred, while payment on invoice was the number one payment method in Germany. The company Visa plans to launch "V.me", its mobile payment service, in the fall of 2012 in the UK, France and Spain - where in 2011 Internet users' preferred payment option was credit cards as well - as the first European markets.
Even though in Eastern Europe payment via Cash-o-Delivery (COD) was previously widespread, other payment methods have also increased in popularity. In Russia, the number of E-wallets increased slightly, but their transaction volume very strongly between 2010 and 2011, while in Romania, credit cards were used in the first nine months of 2011 by nearly 15% more than in the same period the previous year. In this context, Yandex.Money, the leading E-wallet service in Russia, and Earthport announced their partnership in 2012. In Scandinavia, online payment method preferences vary. While online shoppers in Sweden and Finland preferred payment by invoice in 2011, in Denmark and Norway credit card payments dominated in E-Commerce transactions, clearly ahead of other payment options.

Credit Cards and Third-Party Payments predominate in Asia-Pacific Region
With the exception of China and Thailand, in 2012, credit cards were the most popular payment method in the Asia-Pacific region. In Japan, every resident had on average more than six credit cards in 2011. So-called third-party payments, where a third party acts as a middleman, are especially popular in China, where in the first quarter of 2012, more than 750 billion CNY in trade volume were generated with this method. Conversely, in 2011, credit cards were the most frequently used E-Commerce payment method in South Korea. Since July 2012, PayPal has also been active in Malaysia, where the company offered mobile payment options in cooperation with Malaysia Airlines for flight bookings. In Australia, PayPal was the most popular online payment method in 2011, ahead of credit card payments.

Mobile Payment Methods especially popular in Africa
The "Global Online Payment Methods 2012" report by yStats.com clearly shows that less traditional markets such as the Middle East and Africa also show potential for online payment methods. In July 2011, Visa and Mastercard payments were the most popular E-Commerce payment methods in the United Arab Emirates, while mobile payment options were preferred in Africa, where many consumers use mobile Internet due to lower costs. Mastercard started to cooperate with Oltio to offer Mastercard Mobile in South Africa.
When it comes to global payment trends in E-Commerce, credit cards appear to be the most popular method, replacing cash payments more and more, while mobile payment options also show high potential.

About yStats.com
yStats.com has been committed to research up-to-date, objective and demand-based data on markets and competitors for top managers from various industries since 2005. Headquartered in Hamburg, Germany, the firm has a strong international focus and is specialized in secondary market research. In addition to offering reports on markets and competitors, yStats.com also carries out client-specific research. Clients include leading global enterprises from various industries including B2C E-Commerce, electronic payment systems, mail order and direct marketing, logistics, as well as banking and consulting.

Press Contact:
yStats.com GmbH & Co. KG
Behringstrasse 28a, D-22765 Hamburg
Phone: +49 (0)40 - 39 90 68 50
Fax: +49 (0)40 - 39 90 68 51
E-Mail: press@ystats.com
Internet: www.ystats.com
Twitter: www.twitter.com/ystats
Facebook: www.facebook.com/ystats

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Mobile Payment Methods show high Potential for global E-Commerce here

News-ID: 232100 • Views:

More Releases from ystats.com Gmbh & Co. KG

The global B2C E-Commerce market is expected to double from 2022 to 2025: New report from yStats.com
The global B2C E-Commerce market is expected to double from 2022 to 2025: New re …
[Hamburg, Germany - September 14, 2023] - The latest release from Hamburg-based market research company yStats.com, titled "Global B2C E-Commerce Market 2023," provides an overview of global trends in the B2C E-Commerce market and insights into the growth potential of various markets through key figures, forecasts, and trends. B2C E-Commerce market initially experiences strong growth followed by a moderate growth outlook. While the world witnessed a boom in online shopping during the
B2C E-Commerce sales in Eastern Europe projected to rise in 2019, reports yStats.com
B2C E-Commerce sales in Eastern Europe projected to rise in 2019, reports yStats …
yStats.com, Hamburg-based desk research firm specialized in E-Commerce & Online Payment market intelligence, has released a new publication: “Eastern Europe B2C E-Commerce Market 2019”. According to this report’s findings, online retail sales in the countries of Eastern Europe are expected to maintain double-digit growth in 2019. More consumers in Eastern Europe shop online Online shopper penetration is on the rise across Eastern Europe, but remains behind that of Western Europe. In the
New report from yStats.com suggests continued expansion of online retail in Vietnam
New report from yStats.com suggests continued expansion of online retail in Viet …
A recent publication from Hamburg-based business intelligence company yStats.com, “Vietnam B2C E-Commerce Market 2019,” projects continued strong growth of the online retail sector in the Southeast Asia nation through the middle of the next decade. Factors contributing to the growth include the entry of regional and global online merchants in Vietnam, plus the growing Internet connectivity through mobile phones. Online retail sales year on year to increase at a double-digit
Online retail sales in Thailand projected to continue strong growth: yStats.com report
Online retail sales in Thailand projected to continue strong growth: yStats.com …
The latest publication from Hamburg-based research firm yStats.com, “Thailand B2C E-Commerce Market 2019,” reveals the expectation of continued year-to-year online retail sales increases. Thailand’s mobile and social shopping trends make it one of the leaders in the region in total web-base sales. Internet connection increase and social media shopping result in more online shoppers Thailand’s constant rate of growth of internet connectivity and the growing comfort of connected individuals in making purchases

All 5 Releases


More Releases for Pay

Mobile Payment Services Market 2022-2027: Onset of Advanced Technologies to Upsu …
The most recent research report on the Global Mobile Payment Services Market offers the collective study on the COVID-19 epidemic in order to give the latest data on the key attributes of the Mobile Payment Services market. This intelligence report comprises analysis on the basis of current situations, historical data and future projections. The study comprises several market estimates correlated to market size, revenue, production, CAGR, consumption, gross margin in
Samsung Pay Market is Booming Worldwide with Samsung Pay, Apple Pay, Google Pay
HTF Market Intelligence released a new research report of 23 pages on title 'Samsung Pay - Competitor Profile' with detailed analysis, forecast and strategies. The study covers key regions that includes North America, LATAM, United States, GCC, Southeast Asia, Europe, APAC, United Kingdom, India or China etc and important players such as Samsung Pay, Apple Pay, Google Pay, Alipay, Tenpay, Samsung Electronics, Visa, Mastercard. Request a sample report @ https://www.htfmarketreport.com/sample-report/3587660-samsung-pay-competitor-profile Summary Samsung
Mobile Payment Market may see a big Move: Apple Pay, Samsung Pay, Amazon Pay
A new business intelligence report released by HTF MI with title "Global Mobile Payment Market Report 2020" is designed covering micro level of analysis by manufacturers and key business segments. The Global Mobile Payment Market survey analysis offers energetic visions to conclude and study market size, market hopes, and competitive surroundings. The research is derived through primary and secondary statistics sources and it comprises both qualitative and quantitative detailing. Some
Electronic Payment Market Growth Insights to 2024 by Leading Players like Alipay …
Electronic Payment is a payment solution which is made through digital modes with no hard cash. In digital payment, both payer and payee use digital modes to send and receive money. Digital payment include payment gateway solutions, payment processing solutions, payment wallet solutions, payment security and fraud management solutions, and POS solutions. Scope of the Report: The global Electronic Payment market is valued at xx million USD in 2018 and is expected
Payment Landscape Market to 2024 By Key Players - Samsung Pay, Google Pay, Apple …
For people who are keen on the Payment Landscape Industry the Global Payment Landscape Market Trends, Competitive Analysis and Forecast Report 2019-2024 would be an useful report to refer to as it is an exhaustive study on the present market scenario of this industry. The report also gives a special insight into the growing United States, Europe, APAC, Middle East and Africa market of this industry. The report summarizes key
Payments Landscape in Australia Market Expected to Generate High Revenue in Futu …
Global Payments Landscape in Australia market report offers in-depth knowledge and analysis results and knowledge concerning Payments Landscape in Australia market share, growth factors, size, key drivers, restraints, opportunities, and trends valid by a mixture of specialists with correct data of the precise trade and Payments Landscape in Australia market further as region-wise analysis experience. The Payments Landscape in Australia report contains historical, current, and projected revenues for every sector,