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Research and Markets: Global Alternative Online Payment Methods: First Half 2015
[August 28, 2015]

Research and Markets: Global Alternative Online Payment Methods: First Half 2015


Research and Markets (http://www.researchandmarkets.com/research/tpc6jp/global) has announced the addition of the "Global Alternative Online Payment Methods: First Half 2015" report to their offering.

An important trend in the global online payment market is the increasing role of alternative payment methods, though the use of credit cards still accounts for a major share of B2C E-Commerce globally. Especially in emerging markets, where bank card penetration is not as high as in advanced countries, alternative methods are an important factor in online shopping. In Asia-Pacific, for instance, close to a half of online shoppers in India preferred to pay with cash on delivery and in Indonesia, over two thirds indicated a preference for bank transfer last year. In the world's largest online shopping market, China, online payment through third-party providers was the most used method, with the combined volume processed by these providers growing by one-half in 2014.

The alternative payments trend is evident in Latin America and Eastern Europe, as well. In Peru and Chile, more online shoppers opted for alternative payment methods rather than credit cards last year. While in other major markets, such as Brazil, Mexico and Argentina, bank cards dominated, yet a substantial share of online shoppers paid with Boleto Bancario, PayPal (News - Alert), cash on delivery and other alternative methods. Over in EasternEurope, cash on delivery was the most used payment method in the Czech Republic, while in Poland bank transfer succeeded as the top method of choice, followed by cash. As bank card ownership in these countries increases, credit cards could take the lead, but alternative methods would still remain significant. In Russia, for example, credit cards overtook cash on delivery as the payment method most used in online shopping, but cash was in close second, followed by other alternative methods such as E-Money and terminal payments.



Furthermore, among the advanced markets there are exceptions to the dominance of cards in online payments. In Germany, for example, alternative methods such as invoice, direct debit and digital payment accounted for a larger share of sales than credit card in 2014. In the countries where credit cards rank first, there is still plenty of room for alternative methods to flourish, such as in Canada, where around 50% of online shoppers preferred to pay with a credit card as of spring 2015, but the rest chose other methods, including close to one-third preferring PayPal.

Key Questions Answered:


- In which markets do online shoppers use alternative payment methods more than credit cards?

- In which countries do online payments with credit or other bank cards top any individual alternative payment method?

- What other online and mobile payment trends can be observed in the global market?

Companies Mentioned

- 99bill

- AirBnB

- Alipay.com

- Amazon.com Inc

- American Express

- Apple (News - Alert) Inc

- Banco Nossa Caixa SA

- Banco Santander

- Braspag Tecnologia Em Pagamento Ltda

- British Airways PLC

- Cielo

- Commerzbank AG

- Deutsche Bank AG

- Deutsche Postbank AG

- easyJet

- Elavon Inc

- Facebook (News - Alert) Inc

- First Data Corp

- Global Payments Inc

- Google Inc

- Interkassa

- LINE

- Marks and Spencer

- MasterCard Inc

- Miss Selfridge Retail Ltd

- NTT (News - Alert) Docomo Inc

- Natwest

- New Look Retail Group Ltd

- On Track Innovations Ltd

- One Touch Network Inc

- PayPal Holdings Inc

- PayTM Mobile Solutions

- Paypal Inc

- Samsung (News - Alert) Electronics Co Ltd

- Starbucks Corp

For more information visit http://www.researchandmarkets.com/research/tpc6jp/global


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