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By 2019, 55% of consumer e-commerce payments will use alternative payment methods

There are 300 payment schemes operating world-wide, so it is difficult for corporate treasury departments to choose which ones to support and which to ignore. Worldpay’s 2015 Global Payments report* will help. Providing granular detail on current payment preferences and trends in 30 countries, it’s a good way to really make sure you are connecting with your consumers.

The findings

The 2015 Global Payments report main findings were that over the next five years:

  • global e-Commerce market, which is already significant at US$1.9tn growing fast (+14% in 2014), will be US$2.4tn by 2019 with 23% of this being exclusively from mobile devices
  • alternative payment methods (Alternative Payments Methods are all those payments that are not cards running on global scheme networks such as Visa, MasterCard or American Express) will take 55% of all ecommerce by 2019
  • eWallets are predicted overtake credit cards to become the most popular payment method 
  • pre-pay voucher usage is expected to grow significantly (from 2% globally to 7%)
  • use of cash on delivery is predicted to remain popular (particularly in the BRIC countries) at 7% of all usage
  • the 30 country reports, which describe the eCommerce mix by payment methods, show that there will be major variations in country’s development. 

For the full ‘2015 Global Payments Report’ see


* The report was compiled mainly using WorldPay’s own data and insights. In addition, they also used other external sources, namely: Euromonitor, Datamonitor and and 100 secondary sources.

CTMfile take: The prediction that 55%of all consumer e-commerce payments will be from alternative payment methods means that companies that want to attract the maximum business from consumers will need to accept a far greater range of payment systems. The use of mobile in e-commerce has been with us for several years, this will increase dramatically over the next five years as eWallets takeover. Are you ready?

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