Concise Analysis of International Online Payment Methods - Second half of 2013
DUBLIN, Feb. 21, 2014 /PRNewswire/ --
Research and Markets
) has announced the addition of the
report to their offering.
Online and mobile payment methods continue global growth.
The Global Online Payment Methods 2013 - Second Half 2013 report indicates that the practice of online payment continues its inexorable growth, driven by fast growing E-Commerce. Recent improvements in security and convenience of payments are expected to spur further growth.
Several developments in recent months point to increased competition on global online and mobile payment markets: Visa, MasterCard and American Express have proposed a new security standard for online payments; startups such as SumUP and iZettle have introduced a payment service below the standard merchant fee; PayPal launched an improved application for its mobile wallet; and Google Wallet launched a physical prepaid card. Further, the virtual currency Bitcoin has been gaining increased attention of consumers, merchants, payment providers, and governments.
The report also indicates that consumers globally are showing interest in mobile payments: mobile device users surveyed say they plan to make future mobile payments, especially in emerging markets. Mobile payments are forecasted to reach over EUR 150 billion worldwide in 2013, with strong double-digit growth for the next four years. Growth of non-banking mobile payments is projected to be stronger than banking payments, but the latter will continue to dominate through 2014. Forecasts for NFC payments growth have been decreased due to lower than expected acceptance. Growth rates, however, are expected to take off after 2016.
Key Topics Covered:
1. MANAGEMENT SUMMARY
3. NORTH AMERICA
4. LATIN AMERICA
6. CENTRAL EUROPE
7. WESTERN EUROPE
8. EASTERN EUROPE
12. MIDDLE EAST
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SOURCE Research and Markets