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New report by yStats.com: one third of connected consumers use mobile payments

03-20-2018 05:56 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: yStats.com GmbH & Co. KG

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Hamburg-based desk research firm yStats.com has released a new report “Global Mobile Payment Methods: Second Half 2017,” detailing 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 yStats.com 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.

For further information, see: https://www.ystats.com/wp-content/uploads/2018/03/2018.02.28_Product-Brochure-Order-Form_Global-Mobile-Payment-Methods_Second-Half-2017.pdf

About yStats.com
Founded in 2005 and headquartered in Hamburg, Germany, yStats.com is one of the world's leading secondary market research companies. We are committed to providing the most up-to-date and objective data on Global B2C E-Commerce and Online Payment markets to sector-leading companies worldwide.
Our multilingual staff researches, gathers, filters and translates information from thousands of reputable sources to synthesize accurate and timely reports in our areas of expertise, covering more than 100 countries and all global regions. Our market reports focus predominantly on online retail and payments, but also cover a broad range of related topics including M-Commerce, Cross-Border E-Commerce, E-Commerce Delivery, Online Gaming and many others. In addition to our wide selection of market reports, we also provide custom market research services.
We are proud to cooperate with companies like Bloomberg and Thomson Reuters. Given our numerous citations in leading media sources and journals worldwide, including Forbes and the Wall Street Journal, we are considered one of the most highly-reputed international secondary market research companies with an expertise in the areas of B2C E-Commerce and Online Payment.

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
LinkedIn: www.linkedin.com/company/ystats
Facebook: www.facebook.com/ystats

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