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North America Online Payment Methods: Full Year 2017

North America Online Payment Methods: Full Year 2017

Digital payment methods catching on in North America, says yStats.com report

Hamburg-based online business intelligence company yStats.com’s recent publication, “North America Online Payment Methods: Full Year 2017” includes, among other data, projections of increasing use of digital and mobile wallets such as PayPal and Apple Pay in the USA and Canada.

Credit card is still the leading choice of online buyers in the USA and Canada, according to the yStats.com report, but consumer interest in alternative methods is rising. For example, merchants such as Starbucks and Walmart have introduced their own mobile payment apps, though third-party mobile apps led by Apple Pay garner the highest usage ranking of mobile wallet solutions in the USA.

Consumer adoption of new payment methods is motivated by the perceived convenience of use of digital and mobile checkout, along with concern over security of credit and debit card information in online purchases. About a third of surveyed consumers in the USA responded in 2017 that they do not store credit card information on online merchant sites out of fear that their data could be compromised. Another survey cited in the yStats.com report reflects Canadian consumer’s high preference for rewards offered through mobile phone payments.


1. Management Summary
2. Global Developments
Payment Methods Preferred in E-Commerce, in % of Online Shoppers, Q1 2017
Card Spending, in USD trillion, and Breakdown by POS and E-Commerce, in %, 2015 & 2021f
Breakdown of E-Commerce Sales by Payment Methods, in %, 2021f
Top Two Payment Methods Preferred in Cross-Border Online Shopping, in % of Cross-Border Online Shoppers, 2016 & 2017
Reasons For Not Shopping Online, incl. Payment-Related, in % of Internet Users Who Do Not Shop Online, Q1 2017
FinTech Adoption Rate, in % of Internet Users, by Selected Countries, 2017
Most Used FinTech Services According to Internet Users, in %, 2017
Most Relevant Emerging Technologies for Large FinTech and Financial Companies to Invest In, in % of Respondents in Each Group, April 2017
Entities Expected to Be The Most Disruptive in FinTech in the Next Five Years According to Financial Services and FinTech Executives, in %, 2017
Top 10 VC-Backed FinTech Unicorns by Valuation, in USD billion, Q3 2017
Expected Annual ROI According to Financial Services and FinTech Executives, in %, 2017
Mobile Payment User Penetration, in % of Internet Users, by Regions, Q4 2015 & Q2 2017
Share of Internet Users Who Are Likely To Use Mobile Payment Next Year, in % of Internet Users, by Selected Countries, Q1 2017
Penetration of Bank Account Holders Willing to Share Personal Financial Data with Third-Party Providers to Use Their Services, in %, by Selected Countries, August 2017
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
Share of Internet Users Who Believe That Mobile Payment is Not Secure, in %, October 2016
Mobile Payment Security Features Demanded by Consumers and Implemented by Businesses, in %, 2016
Attitudes Towards Mobile Payment and Mobile Money, in % of Consumers, by Developed and Developing Markets, 2016
Contactless Payment Transaction Value, in USD billion, 2017e & 2019f
Number of Contactless Payment Users of Apple Pay, Samsung Pay and Android Pay, in millions, 2015 - 2017e
Apple Pay User Penetration Compared to Overall Mobile Payment User Penetration, in % of Internet Users, by Penetrated Markets, Q2 2017
3. North America
3.1. Regional
Share of Consumers Using Mobile Payment Apps at Least Weekly, by Apps from Retailers and Other Apps, 2016 & 2017
Breakdown of Current and Planned Mobile Payment Solutions Acceptance, in % of Retailers, February 2017
3.2. USA
Online and Mobile Payment Trends, February 2018
Online and Mobile Payment Trends and News About Players, August 2017
Breakdown of Payment Methods Preferred in E-Commerce, in % of Online Shoppers, February 2017
Ways in Which Fear of Hacking Has Influenced Online Shopping Behavior, in % of Online Shoppers, January 2017
E-Commerce Website Types Most Trusted with Financial Information When Shopping Online, in % of Online Shoppers, January 2017
Share of Consumers Who Are Worried About Their Personal Information When Using a Mobile Payment App, in %, 2015 – 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
Awareness and Usage of Emerging Technologies in Shopping, incl. Mobile Payment, in % of Consumers, July 2017
Mobile Payment Transactions, in USD billion, 2011, 2016 & 2021f
Proximity Mobile Payment Transaction Value, in USD billion, 2016 - 2021f
Mobile Payment Apps Used for Making Payments In Store, in % of In-Store Mobile Payment Users, February 2017
Mobile Payment Apps Used for Preordering Food or Coffee, in % of Users, February 2017
Mobile Wallets Used, in % of Internet Users, July 2017
Digital and Mobile Payment Methods Used, in % of Online Shoppers, by Generation Y and Generation Z, March 2017
Breakdown of Preferred Mobile Wallet Providers, in % of Current Mobile Wallet Users, Interested Non-Users and Total, 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
Merchant Mobile Wallet Ownership, in % of Banked Smartphone Users, and Merchant Mobile Wallet Apps Used, in % of Merchant 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
Types of Mobile Payments Made, in % of Banked Smartphone Users, January 2017
Most Important Features in Money Transfer or Payment Applications and Services, in % of Adults, July 2017
P2P Mobile Payment Users, in millions, and Penetration, in % of Smartphone Users, 2016 -2021f
Share of Adults Who Used Online or Mobile P2P Payment in the Previous 12 Months, 2013 - 2021f
P2P Payment Services Used, in % of Users, 2017
Voice Payment Users, in millions, and Penetration, in % of Adults, 2017 - 2022f
Breakdown of Voice Assistants Trusted to Securely Make a Payment, in % of Adults, April 2017
3.3. Canada
Top 3 Payment Methods Preferred in E-Commerce, in % of Respondents, March 2017
Breakdown of E-Commerce Sales by Payment Systems, in %, 2015 & 2016
Breakdown of Total Payment Volume, in millions, and Value, in CAD million, by Payment Methods, incl. Online Transfers, 2015 & 2016
Share of Online Shoppers Who Have Used Mobile Payment or Digital Wallet Service to Make a Purchase, in %, 2016 & 2017
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 Cardholders Who Loaded Credit/Debit Card Information on Their Mobile Phone/Wallet, in %, 2017
Awareness of Contactless Payment Methods, in % of Credit/Debit Cardholders, H1 2017
Breakdown of Contactless Card Payment Users and Apple Pay Users by Age Group, in %, Q2 2017
Share of Internet Users Who Installed an E-Wallet Mobile App, in %, by Age Group, April 2017 Share of Smartphone Users Indicating Security Concerns as a Hindrance to Making Mobile Payments, in %, by Age Group, May 2017
Motives to Use Mobile Wallet as a Primary Payment Method, in % of Mobile Payment Users, September 2016

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