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North America Online Payment Methods: Full Year 2015

North America Online Payment Methods: Full Year 2015

Credit cards remain the dominant online payment method in North America

Both in the USA and Canada, credit card was the payment method most used by online shoppers in 2015, according to yStats.com’s new market report. In Canada, credit card accounted for more than two thirds of the online shopping volume, and in the USA a third of online shoppers believed that credit card was also the safest way to pay over the Internet. While in regions such as Asia-Pacific, alternative online payment methods already hold a higher market share than credit cards, in North America, cards are predicted to retain leadership.

Digital payment methods are gradually becoming a daily norm not only for online shoppers, but for consumers generally in North America. This is especially evident from the growth of mobile payments, as shown in the report by yStats.com. By 2020, nearly a quarter of consumers in this region would be using mobile payment apps at least weekly, up from a low double-digit share in 2015. Peer-to-peer mobile payments are especially predicted to rise, with the number of peer-to-peer mobile payment users doubling in four years to 2018. Already in early 2015, digital methods such as PayPal, online and mobile banking were among the top payment methods used in peer-to-peer payments.

To meet the growing demand of consumers in online and mobile payment methods, payment providers, retailers and banks in North America are launching new payment solutions. In the USA, Amazon, Apple and Google were among the top choices of online shoppers who would trust these companies to supply them with innovative payment forms, according to a survey from mid-2015, cited in yStats.com’s report. Overall, the rivalry in digital payments in North America remains intense.


1. Management Summary
2. Global Developments
Online and Mobile Payment Trends and News about Players, H1 2015
Online and Mobile Payment Trends and News about Players, H2 2015
Breakdown of E-Commerce Sales by Cards and Alternative Payment Methods, by Region , in %, 2014 & 2019f
Non-Cash Payment Methods Used in Online Shopping, in % of Online Shoppers, 2015
Share of Online Shoppers Paying with Cash on Delivery, in %, by Selected Emerging Markets, 2015
Share of Online Shoppers Who Would Drop out of Purchase if the Preferred Method is Displayed on the Website but is not Available at the Checkout, in %, September 2015
Share of Consumers Who Are Satisfied with the Payment Methods Used, by POS, Browser and Mobile, in % of Consumers in Selected Developed Countries, June 2015
Payment Methods Used in M-Commerce, in % of Surveyed Mobile Phone Users, February 2015
Mobile Payment User Penetration, in % of Shoppers, by Selected Regions and the USA, 2014
Main Criteria For Adopting Innovative Payment Methods, in % of Consumers in Selected Developed Countries, by Very Important and Rather Important, June 2015
Perception of Security of Mobile Payments, by Selected Regions, and by Age Group, in % of Shoppers, 2014
Mobile Payment Users Penetration, by Product/Service Category, by UK, France, Germany, Italy, USA, Japan, Australia, Spain, China, in % of Mobile Phone Users, 2014
Types of Mobile Payments Used for Purchasing Non-Digital Goods, by UK, France, Germany, Italy, USA, Japan, Australia, Spain, China, in % of Mobile Phone Users, 2014
Types of Mobile Payments Used for Purchasing Non-Digital Services, by UK, France, Germany, Italy, USA, Japan, Australia, Spain, China, in % of Mobile Phone Users, 2014
Share of Online Shoppers Who Would Use Digital Currency, in % of Online Shoppers, by Selected Countries and Territories, 2014
3. North America
3.1. Regional
Digital Payment Methods Used at Least Weekly, in % of Consumers, 2015 & 2020f
Breakdown of Usage of Peer-to-Peer Mobile Payment Applications, by Frequency, in % of Consumers, July 2015
Services that Would Encourage the Use of Mobile Payments, in % Consumers Not Using Mobile Payments, July 2015
3.2. USA
Online and Mobile Payment Trends and News about Players, H1 2015
Online and Mobile Payment Trends and News about Players, H2 2015
Payment Methods Used in Online Shopping and Payment Methods Perceived as the Safest Way to Pay in Online Shopping, in % of Online Shoppers, September 2015
Breakdown of Likelihood of Loading Card Information on a Mobile Device or Mobile Wallet to Make Purchases, by Credit Card and Debit Card, in % of Consumers, September 2015
Companies Most Trusted with Payment and Personal Information, in % of Online Shoppers, October 2014
Breakdown of Most Preferred Payment Methods in Online Shopping, in % of Online Shoppers, 2014
Share of Online Shoppers Who Would be Comfortable Using New Payment Forms, by Providers and by Online and Mobile Payments, in %, July 2015
Average Annual Spending on Fraud Prevention and Chargebacks, in USD million and in % of Operating Budget, by Online Retailer Type, 2015
Value of Remote Mobile Retail Payments, in USD billion, 2014 & 2019f
Number of Establishments Accepting Contactless Payments, in %, 2015, 2017f & 2019f
Proximity Mobile Payment Transaction Value, in USD billion, and in % Year-on-Year Change, 2014 - 2019f
Number of Proximity Mobile Payment Users, in millions and in % of Smartphone Users, 2014 - 2019f
Number of Peer-to-Peer Mobile Payment Users, in millions, and in % of Mobile Device Owners, 2013 - 2018f
Payment Methods Used to Conduct Peer-to-Peer Payments, in % of Consumers, May 2015
Share of Adults Who Used Mobile Payment, in %, 2013 & 2014
Payment Methods Used When Conducting Mobile Payments, in % of Respondents, 2014
Types of Mobile Payments Conducted In-Store, in % of Mobile Payment Users, 2014
Mobile Payment Services Used, in % of Respondents, 2014
3.3. Canada
Breakdown of Most Used Payment Methods in Online Shopping, in % of Online Shoppers, April 2015
Breakdown of E-Commerce Payment Volume and Value by Payment Methods, in %, 2014
Breakdown of Payment Transaction Volume and Value by Payment Methods, incl. Online Transfers, in millions and in CAD million, 2011 & 2014
Share of Smartphone Users Who Are Aware of Mobile Payments, in %, 2014 & 2015
Interest in Payment-Related Mobile Features, by High Interest and Low Interest, in % of Respondents, April 2015
Use of Alternative Payment Methods, incl. Mobile, by Gender and Age, in % of Respondents, 2013

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