Hamburg, Germany, March 08, 2019 --(PR.com
)-- Global E-Commerce Sees the Impact of Alternative Payment Methods
Worldwide E-Commerce sales are experiencing a rivalry between alternative payment methods and cards, with alternative payment methods aggregating a larger portion of the market. Among these methods, E-Wallets are the most popular and, regarding global E-Commerce sales, they will account for almost half by 2022, highlights the yStats.com report. This trend is driven by the Asia-Pacific market, where E-Wallets maintain and expand a notable share.
In Europe, local digital payment solutions and E-Wallets contend cards
Digital wallets are not only a phenomenon in Asia-Pacific, they see traction in Europe as well. PayPal has outpaced Mastercard and Visa in 2018 in countries such as Italy, Spain and France among online shoppers. In other European countries, local payment solutions and payments by invoice have become major alternatives, as cited in the yStats.com report.
Variety is valued by consumers when paying online
Although cards are the leading payment method in the Americas, surveys quoted in the yStats.com report show that variety of payment methods matter. Buyers in the region prefer to use payment methods in which they have an account for, as opposed to entering new details on a website.
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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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