Global Online Payment Methods Analysis Report 2022-2025: Digital Payments Accelerated in Asia-Pacific, with China Being One of the Frontrunners Toward a Cashless Society

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Oct 03, 2022, 05:30 ET

DUBLIN, Oct. 3, 2022 /PRNewswire/ -- The "Global Online Payment Methods 2022" report has been added to ResearchAndMarkets.com's offering.

Cards and digital wallets are the most common payment instruments in most regions worldwide

Digital payments in the Asia-Pacific region accelerated, with China being one of the frontrunners toward a cashless society.

Consumers in the North American and Latin American regions still prefer to use credit cards for online shopping in 2022, as per data included in the report, and, in Europe, payments via debit card or credit card were the most preferred methods of payments in multiple countries; however, other European countries differed, exhibiting preferences towards payments via mobile app, Invoice, PayPal, or another form of a digital wallet, and direct bank payment.

In the Middle East and Africa, payment experts expect the transition to digital systems to be sustainable, with a high double-digit percentage of surveyed payment practitioners predicting that at least half of new digital payment users will continue the use of digital payments instead of using cash in the future.

BNPL adoption continues to grow in usage and penetration

The number of Buy Now Pay Later (BNPL) users globally is projected to more than quadruple from 2021 to 2026 and the share of BNPL used in B2C E-Commerce payments is forecasted to increase by 15 p.p. in the same time period, as spelled out in the report.

In North America the BNPL service is gaining momentum, with the number of BNPL users projected to more than triple by 2025 in the U.S. alone. Furthermore, in the APAC region, over three quarters of Australians were aware of the BNPL service and its main market players such as Afterpay and Zip.

Questions Covered in the report:

How many mobile wallet users are there in regions worldwide?
What are the leading payment methods used when making online purchases in Asia-Pacific?
How did online payment preferences differ across countries in Europe in 2021?
Which payment methods were most offered by online merchants during online checkout in the U.S. and Canada?
Which payment method is likely to be the market leader in the Middle East & Africa by 2025?

Key Topics Covered:

1. Management Summary

2. Global Developments

Overview of the Online and Mobile Payment Trends, May 2022
Payment Value, by B2C E-Commerce Payments and POS Payments, in USD trillion, 2021 & 2026f
Share of Cash Payments, in % of Total POS Transaction Value, by Region, 2021 & 2025f
Value of Contactless Card Transactions, in USD trillion, 2020 & 2021e
Share of Contactless Card Transactions, in % of Overall Contactless Transaction Value, 2021e
BNPL B2C E-Commerce Sales, in USD billion, 2021e & 2026f
Number of BNPL Users, in millions, 2021e & 2026f
BNPL Share of B2C E-Commerce Payments, in %, 2021e & 2026f
Value of Digital Wallet Transactions, in USD trillion, 2022f & 2026f
Number of B2C E-Commerce Transactions Paid by OEM Mobile Payment Apps, in billions, 2022f & 2026f
Number of Mobile Wallet Users, by Region, in millions, 2020 & 2025f
Proximity Mobile Payment Users Worldwide, in millions, and Year-on-Year Change, in %, 2020-2025f
Proximity Mobile Payment User Penetration, in % of Smartphone Users, 2020-2025f
Proximity Mobile Payment User Penetration, in % of Smartphone Users, 2021e
Payment Methods Accepted by Online Merchants, by Already Accepted and Planned, in % of Online Merchants, February 2022
Factors Influencing Store Purchasing Choice, Excluding Digital Payments, in % of Consumers, December 2021
Areas for Growth According to Small Businesses, in % of Small Businesses, December 2021
Share of Consumers and Small Businesses Planning to Use Digital Payment Methods Exclusively Within the Next Two Years, in %, December 2021
Cryptocurrency Payment Value, in USD billion, 2018-2023f

3. Asia-Pacific

3.1. Regional

Overview of the Online and Mobile Payment Trends, July 2022
Card Payment Value, in USD trillion, and Year-On-Year Change, in %, 2019-2025f
Breakdown of Payment Methods Used in B2C E-Commerce, in %, 2021

3.2. Advanced Markets
3.2.1. Japan
3.2.2. South Korea
3.2.3. Australia
3.2.4. New Zealand
3.2.5. Singapore
3.3. Emerging Markets
3.3.1. China
3.3.2. Taiwan
3.3.3. Hong Kong
3.3.4. India
3.3.5. Indonesia
3.3.6. Thailand
3.3.7. Vietnam
3.3.8. Malaysia
3.3.9. Philippines

4. Europe

4.1. Regional

Online & Mobile Payment Trends, June 2022
Breakdown of Payment Methods Preferred in B2C E-Commerce, in % of Online Shoppers, by Selected Countries, November 2021
Share of Payment Methods Used In-store in the Past 12 Months, in % of Consumers, July 2021
Breakdown of Preferred Electronic Payment Methods for In-store Purchases, in % of Consumers, July 2021
Breakdown of Preferred Electronic Payment Methods for In-store Purchases, in % of Consumers, by Generation, July 2021
Share of Consumers Who Would Support the Mandatory Acceptance of Digital Payments, in %, July 2021
Share of Merchants Who Prefer Accepting Electronic Payments Over Cash, in %, July 2021
Attitudes Towards Saving Card Details in Online Stores, in % of Internet Users, by Selected Countries, 2021
Breakdown of Intention of B2C and B2B Marketplaces to Launch Embedded Payment Services, in % of Decision Makers, July 2021
Perceived Advantages of Embedded Payment Services, by Very Appealing and Appealing, in % of Decision-Makers from B2C and B2B Marketplaces, July 2021

4.2. Advanced Markets
4.2.1. UK
4.2.2. Germany
4.2.3. France
4.2.4. Spain
4.2.5. Italy
4.2.6. Netherlands
4.2.7. Switzerland
4.2.8. Sweden
4.2.9. Belgium
4.2.10. Norway
4.2.11. Denmark
4.2.12. Finland
4.2.13. Austria
4.3. Emerging Markets
4.3.1. Russia
4.3.2. Poland
4.3.3. Turkey
4.3.4. Czech Republic
4.3.5. Portugal
4.3.6. Romania
4.3.7. Hungary
4.3.8. Ukraine
4.3.9. Bulgaria
4.3.10. Croatia

5. North America

5.1. Regional
5.2. USA
5.3. Canada

6. Latin America

6.1. Regional

Online & Mobile Payment Trends, May 2022
Breakdown of Total E-Commerce Sales by Payment Methods, in %, 2021e
E-Commerce Payment Volume, by Payment Method, in USD billion, and Year-on-Year E-Commerce Payment Method Growth, in %, 2021e
Card Ownership in Select Countries, by Card Type, in % of Banked Internet User Population, 2020 & 2021
Number of Digital-Only Banks, 2012 - 2021e
Number of Neobank Customers, in millions, 2016 - 2021e

6.2. Brazil
6.3. Mexico
6.4. Argentina
6.5. Colombia
6.6. Chile
6.7. Peru
6.8. Dominican Republic

7. Middle East & Africa

7.1. Regional

Online & Mobile Payment Trends, June 2022
Most Preferred Payment Methods by 2025, in % of Respondents, 2020
Payment Method Likely To Be Market Leader by 2025, in % of Respondents, 2020
Banks' Innovation Methods, in % of Banking Executives, March 2021
Banks' Priorities by 2026, in % of Banking Executives, March 2021
How Banks View Their Digital Business Evolvement by 2023, in % of Banking Executives, March 2021
Trends To Have The Biggest Impact on Banks by 2025, in % of Banking Executives, March 2021
Overview of Selected Leading FinTech Startups in the Payments Sector, incl. Company Name, Solution, Funding, Country and Year Established, December 2021
Overview of Mobile Money Statistics in Africa, incl. Number of Live Services, Registered Accounts, in millions, Active Accounts, in millions, Transaction Volume in millions, and Transaction Value, in USD billion, and Year-on-Year Growth, in %, by Sub-Region, 2021
Total Investment Raised by African FinTechs, in USD million, 2020 & 2021
Overview of Selected Major FinTech Funding Rounds in Africa, by Country, 2021

7.2. UAE
7.3. Saudi Arabia
7.4. Israel
7.5. Jordan
7.6. Oman
7.7. South Africa
7.8. Egypt
7.9. Nigeria
7.10. Morocco
7.11. Kenya
7.12. Tunisia

Companies Mentioned

Affirm
Afterpay
AliPay
American Express
Apple Pay
Argos Store Card
BitOasis
Capital one
Chipper Chash
Clearpay
D Pay
Dana
FamiPay
Flutterwave
GoPay
Jumo
Klarna
Laybuy
Legal and general
LINE Pay
Lucky
Maestro
Mastercard
Merpay
MTN-Halan
Openpay
OVO
Palmpay
Payl8r
Paypal
Paysafe
PayTabs
Perpay
PIX
Postpay
Quadpay
QuicPay
Rakuten pay
ServiPag
Similar
Sizzle
Starbucks
Tabby
Tala
Tamara
Tymebank
Venmo
Visa
Wave
WearOS
WeChat pay
Yucho Pay
Zip
Zlich

For more information about this report visit https://www.researchandmarkets.com/r/cnbdc0

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