Germany-based secondary market research organization yStats.com has released a report, “Global Alternative Online Payment Methods: Full Year 2017,” synthesizing data regarding payment methods used by online shoppers worldwide. Among the trends revealed in the report is that credit card use in online purchases may take second place to alternative payment methods like E-Wallets within a few years. Read more: https://www.ystats.com/ystats-com-online-shoppers-security-concern-drives-adoption-alternative-payment-methods/ Find the full report here: https://www.ystats.com/market-reports/global-alternative-online-payment-methods-full-year-2017/

1. PRESS RELEASE
Hamburg, July 20th
, 2018
Alternative payment solutions allay some security concerns for online
shoppers, says yStats.com report
Germany-based secondary market research organization yStats.com has released a report, “Global Alternative Online
Payment Methods: Full Year 2017,” synthesizing data regarding payment methods used by online shoppers worldwide. Among the
trends revealed in the report is that credit card use in online purchases may take second place to alternative payment methods like E-
Wallets within a few years.
Credit cards have been the primary payment solution for online purchases since the beginning of online commerce. However,
projections cited in the new yStats.com report indicate that by 2021, digital wallets and other alternatives will replace the dominance of plastic,
thanks to the popularity of other methods in emerging markets as well as continued consumer concern over security of card account
information when used online.
The acceptance of E-Wallets such as Alipay and PayPal in Asia, the largest and fast growing E-Commerce region contributes to the
project dominance of alternative payment solutions within the next few years. The yStats.com report points out that while credit cards still
dominate in Japan and South Korea, the wide acceptance of digital wallets and mobile payment in the populations giants China and India will
contribute to toppling credit cards’ ranking. In Europe also, while credit cards still lead in payment usage in some nations, on a regional level,
digital wallets are the preferred payment method. Other alternatives to credit card use worldwide include bank transfer and cash on
delivery.
For further information, see: https://www.ystats.com/wp-content/uploads/2018/07/2017.07.20_Product-Brochure-Order-Form_Global-Alternative-Online-
Payment-Methods_Full-Year-2017.pdf
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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.