Global Online Payment Methods Report

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Research and Markets

17 Feb, 2014, 14:36 GMT

DUBLIN, Feb. 17, 2014 /PRNewswire/ --Research and Markets (http://www.researchandmarkets.com/research/g82cb7/global_online) has announced the addition of the "Global Online Payment Methods Report" report to their offering.

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Online and mobile payments are increasing globally, with new channels emerging

The recent ""Global Online Payment Methods 2013 - First Half 2013"" provides information about the worldwide movement toward online and mobile purchase transactions. The report is based on recently published information from a variety of sources and details the latest trends and news on the topic, with projections of continued growth in the next few years.

The emergence of new online payment channels and development of alternative payment methods are expected to drive further growth. Near Field Communication (NFC) based e-wallets came on the scene in 2012 as one of the most promising new mobile payment methods. NFC mobile spending worldwide is expected to increase exponentially by 2017 and account for over half of total mobile payments made worldwide. Hybrid payments combining online and mobile methods are expected to emerge in 2013. MasterCard already introduced such a solution earlier this year, while Visa entered a partnership with Samsung to encourage development of mobile payments. PayPal surpassed its revenue targets in 2012, more than tripling the value of processed payments.

New payment methods build on the infrastructure and consumer preferences already in place, so regional differences exist. In the USA, the major trend on the electronic payment market is the move toward mobile payments. Traditional payment providers, such as card issuers and processors, online payment players, retailers and mobile operators are entering the field in increased masses. The mobile payment transaction value in the USA reached a two-digit figure in billions of Euros in 2012 and is expected to grow further as mobile commerce increases and more brick and mortar stores accept mobile payments.

In Latin America in general, credit card was the most popular payment method in B2C E-Commerce in 2012. In Brazil, the local payment solution Boleto Bancario was used widely, while several payment providers introduced new online and mobile payment tools in the country. In Mexico, cash still dominates the general payment environment, but the use of online card payments was on the rise and is expected to increase further.

In Central Europe, awareness of mobile payment methods was relatively high in 2012, reaching over two-thirds of mobile Internet users in Germany, Austria and Switzerland. The usage rates, however, were much lower, reaching a small two-digit percentage share. The most used online payment methods in German B2C E-Commerce in the second half of 2012 were credit card, invoice and PayPal. Mobile NFC-based payments were not yet spread in Germany in 2012, but are expected to increase in use as banks, credit card companies and telecom operators test the technology involved. The Otto Group launched the mobile payment project called Yapital in early 2013.

Key Topics Covered:

1. MANAGEMENT SUMMARY

2. GLOBAL

3. NORTH AMERICA

4. LATIN AMERICA

5. EUROPE (REGIONAL)

6. CENTRAL EUROPE

7. WESTERN EUROPE

8. EASTERN EUROPE

9. SCANDINAVIA

10. ASIA

11. OCEANIA

12. MIDDLE EAST AND AFRICA

Companies Mentioned:

  • Amazon
  • Apple
  • Bangladesh Post Office
  • Bango
  • BNP Paribas
  • Facebook
  • Google Wallet
  • Hana SK
  • HSBC
  • ING
  • Intuit
  • Mastercard
  • MOL
  • Mpay24
  • Multicaja
  • NTT Docomo
  • Orange
  • Otto Group
  • PayPal
  • SafetyPay
  • Sage Pay
  • Stripe
  • Telefonica Deutschland
  • TOT Money
  • Turkcell
  • Ukash
  • Visa

For more information visit http://www.researchandmarkets.com/research/g82cb7/global_online

Media Contact: Laura Wood , +353-1-481-1716, press@researchandmarkets.net

SOURCE Research and Markets