yStats.com’s New Report: Digital Travel Payments Shift to Alternative Means “Global Online Travel Payment 2020” is the title of a new study by Germany-based secondary market research specialist yStats.com. The market report sheds light on the recent developments in digital travel payments, such as the rise of alternative and mobile payment means. Full report here: https://bit.ly/2CQox7Z

1. PRESS RELEASE
Hamburg, January 16th
, 2020
yStats.com’s New Report: Digital Travel Payments Shift to Alternative
Means
“Global Online Travel Payment 2020” is the title of a new study by Germany-based secondary market research specialist
yStats.com. The market report sheds light on the recent developments in digital travel payments, such as the rise of alternative and
mobile payment means.
Credit cards challenged by alternative means in online travel payments
Plastic has traditionally been the main mode of paying for travel bookings online. In the past several years, however, alternatives such
as digital wallets and local payment schemes have gained popularity. A recent survey cited in the yStats.com report revealed that close to one in
three consumers expect travel providers to offer multiple payment options. If not offered their preferred payment mean at the checkout, a
double-digit share of respondents would feel frustrated.
The number of payment methods on offer in digital travel is rising
With cart abandonment rates in travel & airlines sector being the highest across all E-Commerce sectors, businesses are taking their
customers’ concerns seriously and are adding a growing number of payment methods to their offerings. Furthermore, mobile checkout is being
optimized by adding seamless payment methods such as mobile wallets.
For further information, see: https://www.ystats.com/market-reports/global-online-travel-payment-2020/
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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.