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North America Online Payment Methods: Full Year 2016

  • March 2017
  • -
  • yStats - Global E-Commerce Intelligence
  • -
  • 77 pages

Online shoppers in North America prefer to pay with plastic cards, per new yStats.com publication

The well-known credit card companies, American Express, MasterCard and Visa far outpace other payment methods such as online debits and E-Wallets in North American E-Commerce, according to sources cited in the yStats.com report. Considering the two countries together, more than two-thirds of online consumers prefer credit cards over other payment methods.

One payment method that is expected to see considerable future growth in the region is mobile payment. Currently accounting for only a small percentage of retail purchases, surveys mentioned in the yStats.com publication indicate that shoppers are warming to the concept of mobile payments linked to the major credit cards.

A major concern for consumers is the security of their payments, whether by credit card or one of the innovative methods. One half of U.S. respondents to a recent survey cited in the new yStats.com report indicated a wariness regarding credit card or other online payment when shopping online. Merchants and credit card companies are searching for a solution to the growing incidence of fraud in online retail, including biometrics such as fingerprint scanners.

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Table Of Contents

North America Online Payment Methods: Full Year 2016
1. Management Summary

2. Global Developments
Online and Mobile Payment Trends, H2 2016
Breakdown of E-Commerce Sales by Payment Methods, in %, 2015 and 2020f
Payment Methods Used in Online Shopping, in % of Online Shoppers, October 2015Payment Methods Used in Online Shopping, by Regions, in % of Online Shoppers, October 2015
Top 3 Payment Methods Preferred in Cross-Border Online Shopping, in % of Cross-Border Online Shoppers, August 2016
Top 3 Considerations When Choosing a Payment Method in Cross-Border Online Shopping, in % of Cross-Border Online Shoppers, August 2016
Reasons To Choose the Preferred Payment Method in Cross-Border Online Shopping, in % of Cross-Border Online Shoppers, 2016
Value of Online Payment Fraud, in USD billion, 2015 and 2020f
Breakdown of Online Payment Fraud by Segments, in % and in USD billion, 2020f
Security Authentication Features That Online Shoppers in the USA and the UK Would Consider Setting Up for Online Purchases in the Next 12 Months, in %, November 2016
Breakdown of the Number of Online Payment Options Offered, in % of Online Merchants, January 2016
Top 10 Merchant Acquirers, by Volume, in USD billion, 2015
Mobile Payments Share of Total Consumer Card Payments, in %, 2016e and 2021f
Breakdown of Mobile Payments by Usage Case, by Europe and North America, 2016e
Mobile Proximity Payment Transaction Value, in USD billion, 2014 and 2019f
Number of Proximity Mobile Payment Users, in millions, 2014 - 2019f
Mobile P2P Money Transfer Transaction Value, in USD billion, 2014 and 2019f
Number of Mobile P2P Money Transfer Users, in millions, 2014 - 2019f
Mobile and Wearable Contactless Payments, in USD billion, 2015 and 2018f
Mobile Payment Usage In-Store and Online, in % of Respondents, by Generation, 2015
Perception of Security of Mobile Payments, in % of Respondents, by Generations, 2015
Share of Internet Users Who Look Forward to Being Able to Pay for More Transactions from Mobile Device, in %, by Asia-Pacific, Europe, Latin America, the USA, and Global Average, August 2016
Contactless Payment User Penetration, in % of Banked Population, July 2016
Payment Methods Used in Mobile Shopping, in % of Mobile Shoppers, by Selected Regions, August 2016
Products and Services Paid for via Mobile Wallet, in % of Mobile Shoppers Who Paid with Mobile Wallet, August 2016
Share of Mobile Shoppers Paying with Mobile Wallets, by Selected Countries, in %, August 2016
Probability of Using Mobile Wallets, in % of Smartphone Owners, by Selected Countries, July 2016

3. North America
3.1. Regional
Payment Methods Preferred in Online Shopping, in % of Online Shoppers, October 2015
Breakdown of All Payment Transactions by Payment Methods, incl. “Mobile Devices”, in %, by Country, 2015
Digital Payment Methods Used at Least Weekly, by Current Use and Future Use, in % of Consumers, July 2016
Mobile Payment Platforms Used, in % of Respondents, by Country, 2015

3.2 USA
Online Payment Trends and News about Players, H1 2016
Online and Mobile Payment Trends and News about Players, H2 2016
General Payment Methods Used, incl. Online and Mobile Methods, in % of Internet Users, March 2016
Online Retail Payment Value, in USD billion, 2014 and 2015
Top 3 Payment Methods Preferred in Online Shopping, in % of Online Shoppers, 2015 and 2016
Payment Methods Perceived as Safest for In-Store and Online Purchases, in % of Consumers, 2016
Payment Methods Most Trusted in Online Shopping, in % of Online Shoppers, November 2016
Major Concerns Related to Online Privacy and Security Risks, incl. Payment-Related, in % of Households with Internet Users, July 2015
Mobile Payments, by Mobile App/Browser and Mobile Proximity Payments, in USD billion, 2013 - 2020f
Proximity Mobile Payment Transaction Value, in USD billion, and Breakdown by Transaction Value, in %, 2015 - 2020f
Breakdown of Proximity Mobile Payment Users by Age Group, in %, 2016
Mobile Payment User Penetration, in % of Mobile Phone Users and Smartphone Users, 2011 - 2015
Mobile Payment User Penetration, in % of Mobile Phone Users, by Age Group, 2015
Mobile Payment Uses, in % of Mobile Payment Users, 2015
Reasons for Not Using Mobile Payments, in % of Mobile Phone Users Who Did Not Use Mobile Payments, 2015
Perception of Security of Mobile Payments, in % of Mobile Phone Users, 2013 - 2015
Attitudes Toward Mobile Payments, in % of Consumers, by Generation, 2015
Factors that Make Consumers Hesitant to Use Mobile Payment Services, in % of Internet Users, February 2016
Breakdown of Attitude to Using Mobile Device to Pay for Transactions at a Store Checkout Counter, in % of Consumers, October 2016
Digital Wallets Used, in % of Internet Users, August 2016
Volume of In-Store Payments with Android Pay, Apple Pay and Samsung Pay in the USA, in USD billion, 2016e
Number of In-Store Monthly Users of Android Pay, Apple Pay and Samsung Pay in the USA, in millions, 2016e
Selected Data Related to Usage of Android Pay, Apple Pay and Samsung Pay in the USA, incl. Awareness, Usage for Purchase, Frequency of Usage, Average Number of Cards Loaded, and Satisfaction Rating, June 2016

3.3. Canada
Breakdown of E-Commerce Transaction Value by Payment Method, in %, 2015
Breakdown of Frequency of Using Mobile Phone as a Payment Device, in % of Consumers, 2014 - 2016
Companies Most Trusted with Providing a Mobile Payment Service, in % of Consumers, July 2016
Circumstances That Would Make Internet Users in Canada More Likely to Use a Mobile Wallet, in % of Internet Users, April 2016
Share of Smartphone Users Who Expect to Make More Mobile Payments in the Next Year, by Gender, Generation and Total, in %, 2015 and 2016
Mobile Payment Apps Used, in % of Mobile Payments Users, by Gender, Generation and Total, April 2016

Companies Mentioned
Apple Inc., Google Inc., MasterCard Inc., PayPal Inc., Samsung Pay Inc., Visa Inc., Wal-Mart Stores Inc.

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