New report by yStats.com: alternative online payment methods’ market share to grow
Hamburg-based secondary market research firm yStats.com has published a new report highlighting the development of alternative payment methods in global online shopping. The publication, “Global Alternative Online Payment Methods: Full Year 2015”, reveals that although credit card remains the leading online payment method, the global share of alternative payments is predicted to grow.
Read more here: https://www.ystats.com/new-report-by-ystats-com-alternative-online-payment-methods-market-share-to-grow/
Find the report here: https://www.ystats.com/product/global-alternative-online-payment-methods-full-year-2015/
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Press Release: Global Alternative Online Payment Methods: Full Year 2015
1. 1
PRESS RELEASE
Hamburg, March 18th
, 2016
New report by yStats.com: alternative online payment methods’ market share to grow
Hamburg-based secondary market research firm yStats.com has published a new report highlighting the development
of alternative payment methods in global online shopping. The publication, “Global Alternative Online Payment Methods: Full
Year 2015”, reveals that although credit card remains the leading online payment method, the global share of alternative
payments is predicted to grow.
Credit card remained the leading online payment method on a global scale in 2015, according to the research findings cited
in a new report by yStats.com. This method was used by a vast majority of online shoppers in major B2C E-Commerce markets such as
the USA, Japan, South Korea, the UK, France and others. However, alternative online payment methods are popular in many
emerging markets and as these markets’ share of global B2C E-Commerce is rising, the share of alternative online payments will rise.
In Asia-Pacific, where credit cards rank behind third-party online payment services in the region’s largest online retail market,
China, alternative payment methods had more than 50% of the market in 2014 and were predicted to further increase their dominance
in the near future. Also in Asia’s smaller developing B2C E-Commerce markets, such as India, Indonesia, Thailand and Vietnam,
various alternative payment methods, such as cash on delivery and bank transfers, were more popular among online shoppers than
bank cards. The new report by yStats.com further reveals that in many of the countries in the Middle East and Africa cash on delivery
ranked first in use by online shoppers in 2015.
Europe is an example of varying degrees of popularity of alternative payment methods and credit cards both in advanced and
emerging markets. In Germany, payment by invoice and PayPal were the two leading online payment methods in 2015, while in the
Netherlands, local banking method iDEAL had the largest share of the online payment market. By contrast, in some emerging Eastern
European markets, including Turkey and Greece, online shoppers used credit cards more than alternative payment methods such as
cash on delivery and bank transfer.
2. 2
PRESS RELEASE
Overall, the research findings of yStats.com indicate that the online payment landscape is expected to remain dynamic as
global B2C E-Commerce continues to grow, with online shoppers’ preferences regarding the use of credit cards and alternative payment
methods remaining diverse.
For further information, see: https://www.ystats.com/wp-content/uploads/2016/03/20160316_Global-Alternative-Online-Payment-
Methods_Full-Year-2015_by-yStats.com_.pdf
Press Contact:
yStats.com GmbH & Co. KG
Behringstrasse 28a, D-22765 Hamburg
Phone: +49 (0)40 - 39 90 68 50
Fax: +49 (0)40 - 39 90 68 51
E-Mail: press@ystats.com
Internet: www.ystats.com
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About yStats.com
Founded in 2005 and headquartered in Hamburg, Germany, yStats.com is one of the world's leading secondary market research companies. We
are committed to providing the most up-to-date and objective data on Global B2C E-Commerce and Online Payment markets to sector-leading
companies worldwide.
Our multilingual staff researches, gathers, filters and translates information from thousands of reputable sources to synthesize accurate and
timely reports in our areas of expertise, covering more than 100 countries and all global regions. Our market reports focus predominantly on
online retail and payments, but also cover a broad range of related topics including M-Commerce, Cross-Border E-Commerce, E-Commerce
Delivery, Online Gaming and many others. In addition to our wide selection of market reports, we also provide custom market research services.
We are proud to cooperate with companies like Bloomberg and Thomson Reuters. Given our numerous citations in leading media sources and
journals worldwide, including Forbes and the Wall Street Journal, we are considered one of the most highly-reputed international secondary
market research companies with an expertise in the areas of B2C E-Commerce and Online Payment.