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Europe Online Payment Methods Market: Apple Pay, Masterpass and Google Pay Dominate in 2021DUBLIN, June 24, 2021 /PRNewswire/ -- The "Europe Online Payment Methods 2021" report has been added to ResearchAndMarkets.com's offering. "Europe Online Payment Methods 2021" provides insights into the current state and advances of the online payment market in the European region. Among other findings, the publication reveals that despite consumers in Europe still tending to choose traditional payment methods for online shopping, there were some others that gained special attention during the COVID-19 health crisis. Despite the acceleration of various alternative payment methods during the COVID-19 pandemic, European consumers still tend to choose more traditional ones when it comes to online shopping. With that, credit and debit cards are the first choice in many markets in the regions. However, in some markets, E-Wallets even outpaced cards. This was the case, for example, in Germany, Italy, and Poland, according to recent research cited. Alternative means of payment such as Buy Now Pay Later also are gaining in popularity. In Europe, on average, one in five merchants in select European countries offered the BNPL option in 2020, with "growth mindset" businesses even more likely to do so. Moreover, on a country-level, in Germany, about half of consumers who were aware of the existence of this payment method in 2020, had already used it, and around one-third were planning to use it in 2021. Payments using cryptocurrency are eveloping rather slowly in Europe, however, there are still some signs of an upward trend in usage in the future. Security, convenience, and speed of payment were the top requirements for payment providers For the European online shoppers, three factors played a special role in selecting a payment method: security, simplicity, and speed of payment, according to surveys referenced in the report. Moreover, for shoppers from Germany and Spain, security was the top requirement among payment providers, whereas digital buyers from the UK appreciated the ease of payment and convenience the most. Report Coverage
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For more information about this report visit https://www.researchandmarkets.com/r/kidots Media Contact: Research and Markets View original content:http://www.prnewswire.com/news-releases/europe-online-payment-methods-market-apple-pay-masterpass-and-google-pay-dominate-in-2021-301319420.html SOURCE Research and Markets |