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Global Online Payment Methods: First Half 2017

Global Online Payment Methods: First Half 2017

Hamburg-based E-Commerce and payment market research specialist yStats.com’s new publication, “Global Online Payment Methods: First Half 2017,” covers the variety of payment methods used by online shoppers worldwide. One interesting finding is that developing markets are quicker than mature markets to adopt new payment methods such as mobile.

While the findings of the yStats.com report include that the preferred method of online payment varies widely by region and country, globally, credit cards and digital payment services are the most widely used. Debit cards, cash on delivery and bank transfers are the remaining methods in the top five. Consumers as well as merchants worldwide are concerned about security of online and mobile payments, as surveys cited in the report indicate that some consumers hesitate to adapt newer methods or to shop online, fearing loss or fraud.

The yStats.com publication reports that developing economies are adopting new digital payment methods more rapidly than mature economies. Nine of the top ten countries where most Internet users are interested in mobile payments are developing markets, such as Indonesia, China, Kenya and Turkey. However, the advanced online market of the USA, for example, is also rapidly adopting newer payment methods such as mobile wallets. New regulations in the European Union are expected to facilitate the spread of innovative instant payments there. Online merchants worldwide are adapting to the variety of payment methods demanded by consumers, while maintaining vigilance to prevent fraud.


1. Management Summary
2. Global Developments
Payment Methods Preferred in E-Commerce, in % of Online Shoppers, Q1 2017
Reasons For Not Shopping Online, incl. Payment-Related, in % of Internet Users Who Do Not Shop Online, Q1 2017
Card Spending, in USD trillion, and Breakdown by POS and E-Commerce, in %, 2015 & 2021f
Breakdown of Card-Not-Present Fraud Loss, by Segment, in USD million, 2017-2021f (Total)
Online Payment Fraud Detection and Prevention Spending, in USD billion, 2017e & 2022f
Contactless Payment Transaction Value, in USD billion, 2017e & 2019f
Number of Contactless Payment Users of Android Pay, Apple Pay, and Samsung Pay, in millions, 2015 - 2017e
Share of Internet Users Who Are Likely To Use Mobile Payment in the Next Year, in % of Internet Users, by Selected Countries, Q1 2017
Attitudes Towards Mobile Payment and Mobile Money, in % of Consumers, by Developed and Developing Markets, 2016
Breakdown of the Number of Transactions/Purchases by Payment Methods, in %, as Perceived by Businesses and by Consumers, 2016
Factors Most Important to Consumers in Deciding to Use Mobile Payments, in %, 2016
Mobile Payment Security Features Demanded by Consumers and Implemented by Businesses, in %, 2016
Entities Expected to Be The Most Disruptive in FinTech in the Next Five Years According to Financial Services and FinTech Executives, in %, 2017
Expected Annual ROI According to Financial Services and FinTech Executives, in %, 2017
3. Asia-Pacific
3.1. Regional
Top Considerations in Online Shopping, incl. Payment-Related, in % of Consumers, November 2016
Breakdown of the Number of E-Commerce Orders by Payment Methods in Southeast Asia, by Indonesia, Philippines, Singapore and Thailand, in %, March 2017
3.2. Advanced Markets
3.2.1. Japan
Online and Mobile Payment Trends, August 2017
Top 3 Uses of Credit Card, in % of Credit Card Holders, 2016
Mobile Payment User Penetration, in % of Individuals, May 2014, November 2015 & November 2016
3.2.2. South Korea
Payment Methods Used in E-Commerce, in % of Online Shoppers, October 2016
Share of Internet Users Who Have Used Convenient Payment Services, in %, October 2016
Reasons for Using Convenient Payment Services, in % of Users, October 2016
3.2.3. Australia
Breakdown of the Number of Consumer Payments by Channels, in %, 2013 & 2016
Breakdown of Card Fraud by Type, incl. Card-Not-Present, in AUD million, 2011 - 2016
3.2.4. Spain
Payment Methods Used in Online Shopping, in % of Online Shoppers, 2015 & 2016
Payment Methods Used in Mobile Shopping, in % of Mobile Shoppers, 2014 & 2015
Breakdown of Aspects Most Important for Payment Methods in Online Shopping, in % of Online Shoppers, 2015
Smartphone Payment User Penetration, in % of Consumers, May 2017
3.3. Emerging Markets
3.3.1. China
Online and Mobile Payment Trends, August 2017
Breakdown of Payment Methods Used in E-Commerce, in % of Online Shoppers, 2016
Number of Online Payment Users, in millions, and Penetration, in % of Internet Users, 2012 – 2016
Third-Party Online Payment Volume, in CNY trillion, by Two Comparative Estimates, Q1 2016 – Q1 2017
Breakdown of Third-Party Online Payment GMV by Players, in %, by Two Comparative Estimates, Q1 2017
Number of Mobile Payment Users, in millions, and Penetration, in % of Mobile Internet Users, 2014 - 2016
Third-Party Mobile Payment Volume, in CNY trillion, by Two Comparative Estimates, Q1 2016 – Q1 2017
Breakdown of Third-Party Mobile Payment GMV by Players, in %, by Two Comparative Estimates, Q1 2017
3.3.2. India
Breakdown of Payment Methods Used in M-Commerce, in % of Mobile Shoppers, 2016
Number of RuPay Card Transactions, in millions, and Value, in INR billion, by POS and E-Commerce, FY 2014/2015 - FY 2016/2017
Number of Mobile Payment Transactions, in billions, and Value, in INR trillion, FY 2016 - FY 2022f
Breakdown of Mobile Payment Transaction Value by Segment, in %, FY 2017e
Mobile Wallet Transaction Value, in USD billion, FY 2015 & FY 2017
3.3.3. Indonesia
Credit Card Uses, in % of Banked Adults Interested in Owning a Credit Card, March 2017
3.3.4. Thailand
Payment Methods Used in E-Commerce, by Number of Online Shoppers and Percentage of Online Shoppers, Q1 2016
3.3.5. Singapore
Breakdown of Payment Methods Preferred in Online Shopping, in % of Online Shoppers, 2016
3.3.6. Malaysia
Breakdown of Payment Methods Preferred in Online Shopping, in % of Online Shoppers, November 2016
3.3.7. Vietnam
Breakdown of Payment Methods Used in E-Commerce, in % Online Shoppers, August 2016
4. Europe
4.1. Regional
Online Payment Regulatory Trends, July 2017
Breakdown of E-Commerce Spending in the EU by Payment Methods Considering PSD2 and Instant Payment Introduction, in %, 2012, 2017f, 2020f, 2022f, 2027f
External Disruptors in European Payment Environment, in % of Payment Industry Experts, March 2017
Payment Methods Preferred in E-Commerce, in % of Online Shoppers, October 2016
Top 3 Criteria for Choosing a Payment Method, in % of Online Shoppers, 2016
Mobile Payment Transactions, in EUR billion, 2016 & 2021f
4.2. Advanced Markets
4.2.1. UK
Online and Mobile Payment Trends, July 2017
Breakdown of Payment Methods Preferred in E-Commerce, in % of Online Shoppers, February 2017
Online Card Payment Statistics for UK Businesses, incl. Online Card Spending, in GBP billion, Share of Total Card Spending, in %, 2014 - 2016
Online Spending With UK-Issued Cards, in GBP billion, 2015 & 2016
Card-Not-Present Purchase Fraud Loss on UK-Issued Cards, by E-Commerce, Mail Order and Telephone Order and Total Remote, in GBP million, and Share of Total Card Purchase Fraud Loss, in %, 2011 - 2016
Breakdown of Frequency of Using Mobile Phone to Make Contactless Payments In-Store, in % of Smartphone Users, By Age Group, Gender and Total, 2016
4.2.2. Germany
Online and Mobile Payment Trends, July 2017
Payment Methods Preferred in E-Commerce, in % of Online Shoppers, by Ranked First and Ranked Between First and Fifth, 2016
Factors Important to Online Shoppers When Choosing a Payment Method, in % of Online Shoppers, 2016
Breakdown of B2C E-Commerce Product Sales by Payment Methods, in %, 2015 & 2016
Breakdown of Mobile Payment Usage, in % of Smartphone Users, Q4 2016/Q1 2017
Top 10 Most Known Payment Providers, in % of Smartphone Users, Q4 2016/Q1 2017
4.2.3. France
Breakdown of B2C E-Commerce Product Sales, in %, 2016
Breakdown of Payment Methods Preferred in E-Commerce, in % of Online Shoppers, 2016
Breakdown of Willingness to Make Payments Using Smartphone, by Payment Amount, in % of Internet Users, December 2016
4.2.4. Spain
Payment Methods Used in E-Commerce, in % of Online Shoppers, 2016
Share of Banked Consumers Who Installed Mobile Payment Apps, in %, December 2016
4.2.5. Italy
Breakdown of Number of Online Purchase Transactions by Payment Methods, by Purchase of Physical Products and of Digital Goods and Services, in %, Q1 2017
Online and Mobile Retail Payment Value by Segment, in EUR billion, and Year-on-Year Change, in %, 2016
4.2.6. Netherlands
Breakdown of Online Purchases by Payment Methods, in %, 2015 & 2016
4.2.7. Sweden
Breakdown of Payment Methods Preferred in E-Commerce, in % of Online Shoppers, Q3 2011 -2012, Q4 2013 - 2016
4.2.8. Belgium
Breakdown of Payment Methods Used in E-Commerce, in % of Online Shoppers, April 2017, and Change Compared to 2016 and 2011
Share of Consumers Who Paid With a Smartphone In-Store, in % of Consumers, April 2017
4.2.9. Switzerland
Top 5 Payment Methods Preferred in E-Commerce, in % of Online Shoppers, 2016
4.2.10. Austria
Top 5 Payment Methods Preferred in E-Commerce, in % of Online Shoppers, 2016
4.3. Emerging Markets
4.3.1. Russia
Payment Methods Used in E-Commerce, in % of Online Shoppers, 2014 - 2016
Number of Websites Accepting Online Payment, in thousands, and Types of Online Payment Services Used, in % of Websites Accepting Online Payment, 2015 & 2016
Top 10 Online Payment Solutions Used, in % of Websites Accepting Online Payment, 2015 & 2016
Types of Goods and Services Paid for Via Apple Pay and/or Samsung Pay, in % of Internet Users in Large Cities, March 2017
4.3.2. Poland
Payment Methods Used in E-Commerce, in % of Individuals, 2015 & 2016
4.3.3. Turkey
Payment Methods Used in E-Commerce, in % of Online Shoppers, January 2017
4.3.4. Portugal
Payment Methods Used in E-Commerce, in % of Banked Internet Users, July 2016
4.3.5. Czech Republic
Share of Online Shoppers Using Debit/Credit Card to Pay for Online Purchases, in %, 2016
5. North America
5.1. USA
Online and Mobile Payment Trends and News About Players, August 2017
Digital and Mobile Payment Methods Used, in % of Online Shoppers, by Generation Y and Generation Z, March 2017
Number of Adults Who Have Their Payment Card Information Stored on at Least One Website or Mobile App for Future Purchases, and Who Always Save Their Card Information Online, in millions, May 2017
Number of Payment Transactions with Cards, in billions, and Value, in USD trillion, by Card Type and by Payment Transaction Type, 2015
Number of Person-to-Person and Money Transfer Transactions, in millions, Value, in USD billion, and Average, in USD, by Original Channel, 2012 & 2015, and CAGR, in %, 2012-2015
Number of Online Payment Authentication Transactions, in millions, Value, in USD billion, and Average, in USD, by Type, 2012 & 2015, and CAGR, in %, 2012-2015
Mobile Wallet Transactions, in millions, Value, in USD billion, and Average, in USD, by Type, 2012 & 2015, and CAGR, in %, 2012-2015
Types of Mobile Payments Made, in % of Banked Smartphone Users, January 2017
Breakdown of Preferred Mobile Wallet Providers, in % of Current Mobile Wallet Users, Interested Non-Users and Total, January 2017
Merchant Mobile Wallet Ownership, in % of Banked Smartphone Users, and Merchant Mobile Wallet Apps Used, in % of Merchant Wallet App Users, January 2017
Issuer Mobile Wallet Ownership, in % of Banked Smartphone Users, and Issuer Mobile Wallet Apps Used, in % of Issuer Wallet App Users, January 2017
Share of Banked Smartphone Users Who Own Apple Pay, Samsung Pay or Android Pay Wallets, and Breakdown of the “Pays” Owned, in % of “Pays” Owners, January2017
Penetration of Apple Pay, Android Pay and Samsung Pay, by Enrolled, Have Used and Frequent Users, in % of Compatible Device Owners, January 2017
Proximity Mobile Payment Transaction Value, in USD billion, 2016 - 2021f
Share of Adults Who Used Online or Mobile P2P Payment in the Previous 12 Months, 2013 - 2021f
Most Important Features in Money Transfer or Payment Applications and Services, in % of Adults, July 2017
5.2. Canada
Share of Internet Users Who Store Personal Credit Card Information with a Mobile App or E-Commerce Site, in %, by Age Group, April 2017
Share of Internet Users Who Installed an E-Wallet Mobile App, in %, by Age Group, April 2017
Motives to Use Mobile Wallet as a Primary Payment Method, in % of Mobile Payment Users, September 2016
6. Latin America
6.1. Regional
Breakdown of E-Commerce Sales by Payment Methods, in%, 2017e
Share of Mobile Shoppers Who Use Mobile Wallets to Pay for Products/Services Purchased via Mobile Device, in %, by Brazil, Chile, Colombia, Mexico and Peru, August 2016
6.2. Brazil
Reasons to Give Up an Online Purchase, in % of Online Shoppers, June 2017
Payment Methods Preferred in E-Commerce, in % of Online Shoppers, June 2017
Breakdown of the Number of Payment Installments Used, in % of Online Shoppers, 2015 & 2016
Breakdown of Payment Methods Used in the Last Online Purchase from International Site, in % of Cross-Border Online Shoppers, 2013 - 2016
Reasons For Using Boleto Bancario, in % of Online Shoppers Who Use Boleto Bancario, July 2017
Breakdown of Online Shoppers Who Pay with Boleto Bancario by Gender and Age Group, in %, July 2017
6.3. Mexico
Payment Methods Used in E-Commerce, in % of Online Shoppers, December 2016
Reasons for Not Shopping Online, in % of Internet Users Who Do Not Shop Online, December 2016
Share of E-Commerce of Total Payments with Credit and Debit Cards, in %, 2016
Breakdown of E-Commerce Card Payment Transactions by Credit Card and Debit Card, in %, 2016
Number of Authorized Payment Transactions on E-Commerce Websites, in millions, Value, in MXN billion, and Authorization Rate, in % of Transactions and in % of Transaction Value, by Credit Cards and Debit Cards, Q1 2016 – Q1 2017
Chargeback Rate, in % of Number of Authorized Payment Transactions on E-Commerce Websites and in % of Their Value, by Credit Cards and Debit Cards, Q1 2016 – Q1 2017
Payment App and Wallet Penetration, in % of Banked Internet Users, July 2016
6.4. Argentina
Breakdown of E-Commerce Sales by Payment Methods, in %, 2016
Breakdown of E-Commerce Sales Paid in Installments by Number of Installments, in %, 2016
Most Attractive Uses of Mobile Payment Services, in % of Smartphone Users, August 2016
Breakdown of Preferred Mobile Payment Providers, in % of Smartphone Users, August 2016
7. Middle East and Africa
7.1. Regional
Breakdown of Payment Methods Preferred in E-Commerce, in % of Online Shoppers in GCC, October 2016
Share of Online Shoppers in MENA Who Used Smartphone to Pay for Purchases Online, in %, 2016
Number of FinTech Startups in MENA, 2013, 2015 & 2020f
Number of Registered Mobile Money Accounts in Sub-Saharan Africa, in millions, December 2005 & December 2016
7.2. UAE
Breakdown of Payment Methods Used in E-Commerce by Cash on Delivery and Credit or Debit Card, in % of Online Shoppers, March 2017
Share of Consumers Who Believe That Retailers They Shop at Deploy Payment Security Tools to Prevent Fraud, by Retailers and Online Retailers, in %, 2016
7.3. South Africa
Payment Methods Used in E-Commerce, in % of Online Shoppers, March 2017
Share of Online Shoppers Who Believe Their Credentials Are Not Safe When Shopping Online, in %, March 2017
7.4. Nigeria
Number and Value of Internet (Web) and Mobile Payment Transactions, in millions and in NGN billion, 2011- 2016
7.5. Kenya
Breakdown of Payment Methods Preferred in E-Commerce, in % of Online Shoppers, November 2016
Mobile Payment Statistics, incl. Number of Transactions, in millions, Value of Transactions, in KES billion, Number of Customers, in millions, and Number of Agents, in thousands, 2008 – 2016

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