Hamburg, Germany, February 11, 2017 --(PR.com
)-- According to the yStats.com research, credit card payments lag behind the total share of alternative payment methods in global E-Commerce sales in 2015 because of increased contributions from developing markets to worldwide online retail revenue, as well as evolving online consumer preferences in advanced markets. By 2020, the share of alternative online payments is forecasted to expand further.
The leading alternative online payment method is E-Wallet, used for close to one third of global E-Commerce sales, according to research cited in the yStats.com report. Additionally, E-Wallet ranks second among payment methods used for cross-border online shopping. Furthermore, countries such as China, Italy, and Mexico have a large double-digit share of online consumers who are more partial to digital wallet providers like PayPal and Alipay than to other methods.
In general, bank card payments remain the top online payment method in many advanced markets. Even certain emerging markets such as Russia, have a tendency to use more bank card payments. Due to these varying attitudes, yStats.com research reveals that three quarters of online merchants utilize at least 3 varying online payment options.
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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.
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