Table of Contents
yStats.com’s New Report: Online Payment Fraud Projected to Increase on a Global Scale
E-Commerce consumers have varying attitudes per region regarding online payment methods. Research in the yStats.com report reveals the multiplicity of these differences. For example, consumers from the Asia-Pacific and the Americas prefer to make online purchases via credit card, whereas online consumers from other areas have a preference towards alternative payment methods such as digital payment services or cash on delivery. Additionally, another survey conveys that online consumers prefer credit cards as the top payment method when buying cross-border, with online payment services such as E-Wallets coming in second.
Third party research cited in the yStats.com report relays that E-Wallets are the top payment method by share of E-Commerce sales worldwide, whereas credit cards come in second place. E-Wallets presumably outperform credit cards on a global scale due to China, the biggest online retail market in the world, where they account for over 50% of E-Commerce sales.
For both online retailers and consumers, payment security is a top concern, even in advanced markets such as the USA and the UK. yStats.com’s report includes estimations that losses due to online payment fraud will increase yearly at double digit rates by 2020.
For individual Market Report purchases:
1. A “Single User License” means that only one (1) individually named user of an organization shall be entitled to access the report
2. A “Site License” means that up to ten (10) users within a given geographical location (i.e. country) of an organization shall be entitled to access the report
3. A “Global Site License” means that up to ten (10) worldwide users of an organization shall be entitled to access the report
In all cases, the term “organization” refers to the purchaser’s specific company only and excludes any third parties, including affiliates.
Get Industry Insights. Simply.
Talk to Veronica
+1 718 514 2762
Global Mobile Payment Technologies Market: Overview This report provides an analysis of the global mobile payment technologies market for the period from 2014 to 2024, wherein the period from 2016 to 2024 ...
“Reduction in queuing & transaction time and increased convenience in making low value payments are driving the contactless payment market” The contactless payment market is estimated to grow from ...
This Persistence Market Research report examines the Global mobile payment transaction market for the period 2015- 2020. The primary objective is to offer updates on the advancement in mobile applications ...