DUBLIN, Jan. 02, 2015 /PRNewswire/ --Research and Markets
(http://www.researchandmarkets.com/research/8l2ltt/global_online) has announced the addition of the "Global Online Payment Methods: Second Half 2014" report to their offering.
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Online and mobile payments worldwide are forecasted to top three trillion Euros in the next five years. Mobile payment is the growth leader, outpacing online and the total payments market, with further growth expected following the launches of varying mobile payment solutions, including Apple Pay. Fast and one-touch checkout is a trend on the global online and mobile payment market, with one-touch solutions released by Amazon, PayPal and Apple Pay. Another trend is large payment companies preparing to separate from their E-Commerce parent companies. EBay announced plans to spin off PayPal, while Alibaba revealed that it will let Alipay go public after Alibaba's own IPO. The players that have intensified their efforts on the payments markets in H2 2014 are social networks and messengers, with Twitter, Facebook and Snapchat launching peer-to-peer payments.
The Asia-Pacific region is expected to overtake North America to be the largest online retail market within a few years, so the growth of online payments there is of particular interest. In the region's largest market, China, online and mobile payments are dominated by local third party payment providers. The number of online payment users in China neared 300 million, while mobile payment users topped 200 million. Japan has seen new mobile payment pathways launched this year, though the payment methods most used by online shoppers in Japan for the present are credit card and convenience store payments. In South Korea, government regulations and entrepreneurial innovations are furthering the growth of online payments. In Australia, online shopping remains the leading purpose for using credit cards.
In North America, credit card remains the leading payment method in the USA, preferred by 48% of online shoppers in 2014. Its share remains high in usage despite the number of cases with credit card data breach reported by multichannel retailers in 2014. The growth of proximity mobile payment transactions in the USA is forecasted to accelerate in the next couple of years and then slow down. Security remains a major concern in both online and mobile payments in the USA. In Canada also over 50% of consumers were worried about personal information disclosure in mobile payments.
Key Topics Covered:
1. Management Summary
2. Global Developments
3.North America
4. Asia-Pacific
5. Europe Western Europe
6. Latin America
7.Middle East
8.Africa
Companies Mentioned:
- 99Bill
- Access Bank
- Airtel
- Aliexpress
- Alipay
- Amazon
- American Express
- Apple Pay
- Atos Worldline
- Barzahled.de
- Boleto Bancario
- CashBasha
- China Post
- China UnionPay
- ChinaPnR
- Digital River
- EBANX
- Group BPCE
- HyperPay
- Innovate Payments
- KakaoTalk
- Lakala Payment
- Line Pay
- MTS
- MasterCard
- Megafon
- MercadoLibre
- Microsoft
- Money@Mail.ru
- Mytaxi
- NTT Docomo
- Nanaco
- Orange
- PayFort
- PayPal
- Paym
- Pingit
- Qiwi
- Rakuten
- Rakuten Bank
- Rostelekom
- SEPA
- SOFORT Überweisung
- SafetyPay
- Samsung
- Sberbank
- Skrill
- Smartfin
- Snapchat
- Softcard
- Square
- Stripe
- Tele2
- Telefonica International
- Telr
- Tencent
- UOL BoaCompra
- Uber
- Ukash
- United Bank for Africa
- Vimpelcom
- Visa
- Vodafone
- WAON
- WebMoney
- Yandex.Money
- Yelopay
- Zapp
For more information visit http://www.researchandmarkets.com/research/8l2ltt/global_online
Media Contact: Laura Wood , +353-1-481-1716, press@researchandmarkets.net
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SOURCE Research and Markets
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