E-Commerce Payment Industry 2019
The exponential growth of cross-border ecommerce has precipitated the rise of (alternative) payment methods. There is an endless number of payment methods to match all payment contexts (pay in advance, pay afterwards and payment and delivery are at the same time). Choosing the right payment method per payment context, vertical, and country is a key enabler to online sales conversion.
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Major Key Players Analysis:-
Some of the key players operating in the e-commerce payment market include PayPal Holdings, Inc.; Amazon Payments, Inc.; CCBill, LLC; and WePay Inc.; Alipay; Visa, Inc.; MasterCard Incorporated; Stripe Inc.; American Express Company; and UnionPay International Co., Ltd. among others.
E-commerce Payment is a transaction of buying or selling online. Electronic commerce payment draws on technologies such as mobile commerce, electronic funds transfer, Internet marketing, online transaction processing, electronic data interchange (EDI) and automated data collection systems. It has become increasingly popular due to the widespread use of the internet-based shopping and banking. Payment method security technology, payment customer experience are fast updating all the time. These are also the key features market players engaging to lead the run from all over the whole.
Ecommerce payments, being one of the most rapidly changing industries in the world, is constantly in a state of flux. The key factors driving the market are changing consumer behavior and expectation and Ecommerce developments. The growing number of payment services worldwide may be attributed to the fact that payment services are always subject to the context in which they are used. Innovations in technology has also giving a boost to the global e-commerce payment market. The factors restraining the market are cash based transactions and Increasing Online Fraud Globally Is Affecting the E-Commerce Payment Industry. Whereas Collaborations Among E-Commerce Companies and Local Payment Service Providers have given boost to the market and act as an opportunity for the global e-commerce payment market.
Geographically, the e-Commerce Payment Market has been bifurcated into five regions North America, Europe, Asia Pacific, Middle East & Africa and Latin America. The e-Commerce Payment Market size and forecast period for each region has been estimated from 2018 to 2025. Additionally, the CAGR (%) for the forecasted period 2018 to 2025. The study also includes market estimates for major countries/regions such as the U.S, the U.K., Germany, France, Japan, China, India, GCC, North Africa, South Africa and Brazil.
The detailed analysis by Type, Industry Verticals, and regions supports in evaluating the present scenario, growth prospects and the future scenario for the e-Commerce Payment Market over the forecast period. Thus, the report delivers in-depth segment analysis of the market and classifies it into various industries, thereby providing valuable perceptions.
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