Global Alternative Online Payment Methods: Full Year 2016 - Report Projects Alternative Online Payment Methods to Outrank Credit Cards M2 Communications
Dublin - Research and Markets has announced the addition of the "Global Alternative Online Payment Methods: Full Year 2016" report to their offering.
Despite over half of worldwide online customers using credit cards to make purchases, more than 50% of E-Commerce sales are completed through alternative payment methods. Information cited in the report estimates that the combined share of different alternative payment methods in global E-Commerce sales will rise, leaving the share of bank cards at a decrease.
Alternative payment methods are particularly favored over bank cards in emerging markets such as China . Here, E-Wallets like Alipay made up for more than half of online sales. Research within the report also found that in Indonesia and Thailand , online consumers prefer bank transfers, but in Vietnam , this method comes second after cash on delivery. Cash on delivery is also the most favored method from E-Commerce consumers in many select developing markets due to the level of banking penetration being lower than in other advanced economies.
In advanced markets such as the USA , Canada , Japan , South Korea , the UK , and Sweden , credit card online payments remain in the lead. Notably, exceptions to this trend are in Germany and the Netherlands where alternative payment methods outrank bank card payments.
Key Questions Answered
- What are the leading alternative payment methods used by online shoppers worldwide?
- How do online payment method preferences vary across 25 markets in different regions?
- How large is the share of alternative payment methods in global E-Commerce predicted to be in 2020?
- What are the most important criteria applied by online shoppers when choosing a method to pay?
- Airtel Payments Bank Ltd
- Alipay.com Co. Ltd.
- Amazon.com Inc.
- American Express Co. Inc.
- Android Inc.
- Apple Inc.
- Axis Bank Ltd
- Flipkart Online Services Pvt. Ltd.
- Freecharge Payment Technologies Pvt Ltd
- HDFC Bank Ltd
- Target Co.
- Tencent Holdings Ltd.
- Tenpay Ltd.
- Visa Inc.
- Wal-Mart Stores
- Waon Development Ltd.
- Wells Fargo & Co.
- Worldpay Inc.
- Yodobashi Camera Co. Ltd.
- (40 Others)
Key Topics Covered:
1. Management Summary
2. Global Developments
5. North America
6. Latin America
7. Middle East
For more information about this report visit http://www.researchandmarkets.com/research/czhpcq/global
Research and Markets ,
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), Online Banking (http://www.researchandmarkets.com/categories.asp?cat_id=313&campaign_id=czhpcq