Hamburg, Germany, August 11, 2018 --(PR.com
)-- As global E-Commerce continues to increase, so has the volume of online payments. Digital wallets are challenging the leadership of credit and debit cards for online purchases worldwide and are more widely used that plastic in many markets, especially in Asia, led my population giants China and India. According to the yStats.com report, E-Wallets are projected to be used in payment for nearly half of global online retail sales by 2021.
Mobile payments also form part of the changing pattern of payment for online as well as in-store purchases. Again, the Asia-Pacific region leads in the adoption of mobile payments, followed by Latin America, Africa and the Middle East. Surveys cited in the yStats.com report indicate that consumers in these regions are less reluctant to share personal information with third-party providers of innovative payment services such as mobile.
While digital wallets such as PayPal and mobile payments are increasingly used globally, their acceptance rate varies widely by markets. One universal consumer concern reported in the yStats.com report is security of online payments. Cash on delivery persists as a leading payment method in some regions, and in many mature markets of Western Europe plastic still prevails.
For further information, see: https://www.ystats.com/wp-content/uploads/2018/07/2017.03.07_Product-Brochure-Order-Form_Global-Online-Payment-Methods_Full-Year-2017.pdf
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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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