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Global Mobile Payment Methods: Second Half 2016

  • February 2017
  • -
  • yStats - Global E-Commerce Intelligence
  • -
  • 110 pages

Mobile methods expected to increase their share of consumer payments over next 5 years, says new yStats.com report

Mobile payments currently account for a one-digit share of total consumer card payments, but are predicted to more than double their share by 2021. This is one of the forecasts cited in yStats.com’s report. Another revelation is that remote mobile payments in the form of M-Commerce and app commerce contribute most of the mobile payment volume in regions such as Europe and North America, leaving proximity mobile payments only a small share of the total.

Nevertheless, in-store contactless payments with mobile phones and wearables are projected to show strong double-digit growth within the next few years.

One of the key factors that could contribute to a greater usage of mobile payments is diminishing consumers’ security concerns. Even in countries with high levels of mobile technology adoption, such as South Korea, fear of information leakage and safety concern is the top reason for not using mobile financial services, according to a survey cited in yStats.com’s research. Another example is Canada, where close to two-thirds of Internet users said they would be more likely to use mobile wallets if they knew the payment mode was secure.

The consumer sentiment towards mobile wallets and other mobile payment methods varies worldwide. While over 50% of banked consumers in Latin America showed interest in mobile payments, shoppers across multiple European countries demonstrated high awareness of innovative payment options, but not many of them utilize this technology. In a cross-country comparison presented in yStats.com’s report, several emerging markets ranked above advanced economies both in current and potential usage of mobile wallets by smartphone owners.

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Table Of Contents

Global Mobile Payment Methods: Second Half 2016
1. Management Summary
2. Global Developments
Online and Mobile Payment Trends, H2 2016
Mobile Payments Share of Total Consumer Card Payments, in %, 2016e and 2021f
Mobile and Wearable Contactless Payments, in USD billion, 2015 and 2018f
Breakdown of Mobile Payments by Usage Case, by Europe and North America, 2016e
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. Asia-Pacific
3.1. Advanced Markets
3.1.1. Japan
Online and Mobile Payment Trends and News about Players, H2 2016
Mobile Payments Solutions Used for Payment In-Store, in % of Internet Users, August 2016
Payment Methods Used in Physical Stores, incl. “E-Money”, in % of Internet Users, by Age Group, August 2016
3.1.2. South Korea
Daily Average Value of Mobile Card Payments, in KRW billion, 2014 and 2015
Breakdown of Payment Instruments Used, by Transactions Number and Value, in %, incl. “Mobile Cards”, 2015
Reasons for Not Using Mobile Financial Services, by Score, in %, 2015
3.1.3. Australia
Share of Banked Population Who Used Contactless Payments, by Contactless Card and Mobile Wallet, in %, 2015/2016
3.2. Emerging Markets
3.2.1. China
Online and Mobile Payment Trends and News about Players, H2 2016
Number of Mobile Payment Users, in millions, and Penetration, in % of Mobile Internet Users, 2014, 2015 and June 2016
Third-Party Mobile Payment Volume, in CNY trillion, by Two Comparative Estimates, Q1 2015 - Q2 2016
Breakdown of Third-Party Mobile Payment GMV by Players, in %, by Two Comparative Estimates, Q1 2016
Breakdown of Third-Party Mobile Payment, by Type, in %, Q2 2015 - Q2 2016
Breakdown of Payment Methods Used in Mobile Payment Accounts, in % Mobile Payment Users, 2015
Mobile Payment Scenarios, in % of Mobile Payment Users, 2015
Reasons for Using Mobile Payments, in % of Mobile Payment Users, July 2016
3.2.2. India
Online and Mobile Payment Trends and News about Players, H2 2016
Breakdown of E-Commerce Payment Volume by Payment Methods, in %, 2015 and 2020f
Value of Payment Transactions by Selected Non-Cash Payment Methods, in INR billion, Volume, in millions, and Change, in %, incl. Mobile Wallets, FY 2014-2015 and FY 2015-2016
Purposes of Using Mobile Wallets, in % of Mobile Wallet Users, April 2016
4. Europe
4.1. Regional
Breakdown of Retail Payment Transactions by Methods, incl. Mobile, in %, 2016
Top 10 Countries By Mobile Payment User Penetration, in % of Surveyed Internet Users, September 2016
Expectations Regarding the Provision of Technical Support for Mobile Payments, in % of Millennials, by Germany, Italy, the Netherlands, and the UK, July 2016
Share of Millennials Who Use Mobile Payments and Who Tried Mobile Payments and Then Stopped Using Them, in %, July 2016
Top 2 Providers Most Preferred by Millennials for Providing a Mobile Payment Service, in %, by Germany, Italy, the Netherlands, and the UK, July 2016
Mobile Payment Platforms Most Known to Millennials, in %, by Germany, Italy, the Netherlands, and the UK, July 2016
Share of Millennials Using Mobile Payment Service from PayPal and Apple Pay, in %, by Germany, Italy, the Netherlands, and the UK, July 2016
4.2. Western Europe
4.2.1. UK
Online and Mobile Payment Trends and News about Players, H2 2016
Use of Mobile Payments, by Contactless, In-App and In-Store, in % of Smartphone Owners with a Credit/Debit Card, 2016
Share of Internet Users Using Contactless Payment Cards, in %, 2015 and 2016
Contactless Payment Statistics, incl. Number of Contactless Cards Issued, by Debit, Credit and Total, in millions, Monthly Spending on Contactless Cards, in GBP million, Number of Monthly Contactless Transactions, in millions, and Average Value of Contactless Transactions, in GBP, by Debit, Credit/Charge Cards and Total, Number of Accepting Terminals/Outlets, August 2015 and August 2016
Brands Most Trusted by Consumers for Delivering a Smartphone Wallet App, in % of Smartphone Owners, September 2015, February 2016, June 2016
Brand Recognition and Usage Rate of Selected Mobile Wallet Services, in % of Millennials, May 2016
4.2.2. Germany
Online and Mobile Payment Trends and News about Players, H2 2016
Breakdown of Retail Payment Transactions by Methods, incl. Mobile, in %, 2016
Awareness of Mobile Payment Providers, in % of Adults, January 2016
4.2.3. France
Breakdown of Readiness to Pay via Mobile Phone, in % of Internet Users, June 2016
Share of Respondents Who Used or Would Like to Use Contactless Payment, by Total Respondents and 18-34 Year-Olds, in %, June 2016
Satisfaction with Various Aspects of Contactless Payment, in % of Contactless Payment Users, 2015 and 2016
4.2.4. Spain
Mobile Payment Apps Installed, in % of Mobile Payment App Users, July 2016
4.2.5. Netherlands
Share of “iDEAL” and “Credit Card” in Mobile Purchases, in %, H1 2015 and H1 2016
4.2.6. Sweden
Payment Methods Used and Preferred in Online and Mobile Shopping, in % of Online Shoppers, Q2 2016
Awareness and Usage of Mobile Wallet Solutions, in % of Internet Users, Q2 2016
4.2.7. Denmark
Payment Methods Used and Preferred in Online and Mobile Shopping, in % of Online Shoppers, Q2 2016
Awareness and Usage of Mobile Wallet Solutions, in % of Internet Users, Q2 2016
4.2.8. Belgium
Share of Online Shop Projects Where Mobile Payments Are Possible, in %, and Share of Online Shop Projects With Mobile Payments Where In-App Payments Are Possible, in %, October 2016
Breakdown of Barriers to Mobile Purchases, incl. Payment-Related, in % of Online Shoppers, June 2016
4.3. Eastern Europe
4.3.1. Russia
Breakdown of Awareness and Usage of Contactless Payments, by Contactless Bank Cards and Contactless Payment with Mobile Phone, in % of Adult Population, by Total, With and Without Higher Education, October 2016
4.3.2. Poland
Types of Mobile Payment Used, in % of Mobile Payment Users, 6 Months to December 2016
Breakdown of Awareness of Apple Pay/Samsung Pay/Android Pay and Intention to Use These Services, in % of Internet Users, December 2016
5. North America
5.1. Regional
Digital Payment Methods Used at Least Weekly, by Current Use and Future Use, in % of Consumers, July 2016
5.2. USA
Online and Mobile Payment Trends and News about Players, H2 2016
Mobile Payments, by Mobile App/Browser and Mobile Proximity Payments, in USD billion, 2013 - 2020f
Breakdown of Retail Payment Transactions by Methods, incl. Mobile, in %, 2016
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
Breakdown of Attitude to Using Mobile Device to Pay for Transactions at a Store Checkout Counter, in % of Consumers, October 2016
Factors that Make Consumers Hesitant to Use Mobile Payment Services, in % of Internet Users, February 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
5.3. Canada
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
6. Latin America
6.1. Regional
Penetration and Usage of Contactless Cards and Mobile Payment, in % of Consumers With Bank Account, July 2016
6.2. Brazil
Online and Mobile Payment Trends and News About Players, H2 2016
6.3. Mexico
Online Payment Methods Used in Online Shopping, by Device Used, in % of Online Shoppers, August 2016
Offline Payment Methods Used in Online Shopping, by Device Used, in % of Online Shoppers, August 2016
7. Middle East and Africa
7.1. Regional
Devices Preferred for Mobile Payment in the Middle East and Africa, in % of Internet Users with Bank Accounts, Summer 2016
Breakdown of Attitude to Mobile Payment and Shopping-Related Activities, in % of Online Shoppers in MENA, March 2016
Payment Methods Most Used in Online Shopping, in % of Online Shoppers, incl. Mobile Money, by Ghana, Kenya, South Africa, Uganda, December 2016
7.2. Kenya
Mobile Payment Statistics, incl. Number of Transactions, in illions, Value of Transactions, in KES billion, Number of Customers, in millions, and Number of Agents, in thousands, 2008 - 2015 and First Nine Months of 2016
Purposes of Using Mobile Money Services, in % of Mobile Money Users, October 2016

Companies Mentioned
Airtel Money, Alipay Ltd., Amazon.inc, Android Inc., Apple Inc., Axis Bank Ltd., BBVA Walle, Bic Camera Inc., BillSAFE GmbH, Braspag Ltda., Car2go, Chase Pay, Cielo SA, Deutsche Telekom Inc., Family Mart Co., FeliCa Networks Inc., Flipkart, FreeCharge Ltd., Google Inc., Google Wallet, HDFC Bank Ltd., ICICI Bank Ltd., iDeal, iPag, Klarna AB, Lawson Inc., MasterCard Inc., maxiPago SA, McDonald's Corp., Mercedes Corp., Mi-Pay Inc., MobilePay Ltd., Moip Pagamentos, Mundipagg, MyWallet, Oxigen Wallet, PagSeguro Ltda., Paydirekt GmbH, Paypal Inc., Paytm Mobile Solutions Ltd., Pingit, Popmoney, Populus Inc., PwC, Rakuten Edy Inc., Samsung Pay Inc., SBI Inc., Shopclues, Snapdeal, Square Cash, Suica, Swish Inc., Tenpay, Venmo Inc., Visa Inc., WeChat Ltd., Worldpay Ltd., Yodobashi Camera Co. Ltd.

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