In North America, Cards Still Dominate in E-Commerce Payments, According to yStats.com’s Report
A new report, “North America Online Payment Methods 2019,” released by Germany-based secondary market research specialist, yStats.com, summarizes the latest trends in North American online and mobile payments. Highlighted in the report is the finding that cards remain strong in the U.S.-Canadian E-Commerce payment landscape.
In reference to surveys mentioned in the yStats.com report, North American E-Commerce’s leading payment method of 2018 was credit/debit cards. The lion’s share of online purchases in the U.S. were made via card and to complement this point, Canadian shoppers believe that this is also the safest means of payment when it comes to E-Commerce.
Security concerns persist in light of the rise of mobile payment usage
Mobile payments remotely and in-store are expected to grow in the region, according to figures cited in the yStats.com report. The sentiment in U.S. is that, compared to other payment methods, mobile payments are more efficient and faster. Nevertheless, security remains a concern for North American shoppers who contemplate paying with mobile.
Competition ignites among Mobile Wallets
Despite security concerns, North America is quickly adopting mobile payment and the competition is intensifying. The leaders in the region include PayPal, Apple Pay and Starbucks, regarding the yStats.com report.
For further information, see: https://www.ystats.com/wp-content/uploads/2019/02/2019.02.26_Product-Brochure-Order-Form_North-America-Online-Payment-Methods-2019.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.
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.
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