E-commerce Payment Market Size, Share, Growth, Trends & Top Player (2019-2025) Analysis (Alipay, Tenpay, PayPal, Visa, MasterCard, China UnionPay, American Express, JCB, Discover etc.)
E-commerce Payment market size was 786500 million US$ and it is expected to reach 1792900 million US$ by the end of 2025, with a CAGR of 10.9% during 2019-2025.
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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.
However, this trend is not expected to continue in 2016, as a growth rate of 17.5% is forecast, which would result in a global E-commerce turnover of $2,671bn. Even though this growth rate is still significant, its decrease can be seen as a first sign of the global E-commerce market becoming more mature.
In comparison with last year, China‚??s ecommerce market grew significantly faster than the one of the US. Compared to 2016, Chinese ecommerce sales grew by 27.2%, while in the US it grew by 8.99 %.For 2017 as well, the Chinese E-commerce market is expected to increase much faster than the American one (24% vs. 9%). As a result, it will continue to increase its lead even further.
This report focuses on the global E-commerce Payment status, future forecast, growth opportunity, key market and key players. The study objectives are to present the E-commerce Payment development in United States, Europe and China.
The key players covered in this study
¬∑ China UnionPay
¬∑ American Express
Market segment by Type, the product can be split into
¬∑ Cash on delivery
¬∑ Direct debits
¬∑ Digital wallets
¬∑ Pre-paid cards
¬∑ Debit cards
¬∑ Credit cards
¬∑ Charge cards