Payments continues to be one of the brightest spots in the financial services universe, propelled by continuing technological advances, and expanding digital and noncash mechanisms. Alternative payment methods are expanding to meet the needs of consumers online, led by eWallets and bank transfers. But cash remains the leading payment method at the point of sale. This complex payment landscape opens doors to increase consumer satisfaction by offering the right mix of payment options.

The Worldpay’s 2018 Global Payments Report offers a snapshot of the current payment landscape: globally, by region, and in 36 select countries. The report covers projected scenarios and trends over the next five years. In addition, it offers a series of essays with Worldpay’s perspectives on key issues in the payments world.

A Glimpse at the Top Line Findings of the Worldwide Payment Methods 2018:

• The meteoric rise of e-commerce is expected to surpass $4.6 trillion globally by 2022. So, alternatives to credit and debit cards now account for more than half of e-commerce transaction volume.
• There is expected growth in China and a surge of adoption in North America in the use of eWallets to become the leading e-commerce payment method globally within five years.
• Bank transfers are also growing in popularity as an online payment method thanks to convenience, lower costs of acceptance and fewer chargebacks for merchants.
• In terms of Point of Sales (PoS) payment methods, cash will be supplanted by debit cards as the leading point of sale payment method in 2019, falling to fourth place in 2022 trailing debit cards, credit cards, and eWallets.

A Figure Shows the Top Point of Sales (PoS) Payment Methods in 2018 Vs. 2022

Content of the “2018 Global Payments Report“:

• Introduction
• Global payment trends
• Key insights
• Market guides
• Methodology
• Payment terms

Number of Pages:

• 108 Pages

Pricing:

• Free

Methodology:

This report asserts Worldpay’s own view of the market, based on internal expertise. E-commerce market size and growth data were sourced from GlobalData’s E-Commerce Analytics database. Payment methods breakdown and forecast by country and region is calculated using a data model developed by Worldpay. Besides a survey of 45,000 consumers in 31 countries. Additional secondary sources for this report include eMarketer, Euromonitor, Statista, and yStats