Global Mobile Payment Methods 2018: Major Drivers & Barriers of Growth - Who is Winning the Battle of Mobile Wallets

News provided by

Jul 31, 2018, 11:15 ET

DUBLIN, July 31, 2018 /PRNewswire/ --

The "Global Mobile Payment Methods: Full Year 2017" report has been added to ResearchAndMarkets.com's offering.

This report details the rapid growth of mobile payments worldwide, led by consumers in Asia.

The growing penetration of smartphones has led to the increased use of these mobile devices to pay for goods and services, both online and in-store. Leading this move to mobile payment are shoppers in the Asia-Pacific region, especially China. Over two-thirds of consumers in China with web-linked devices use mobile payment services such as Alipay and WeChat Pay. South Korea is another Asian nation where mobile payments are widely used.

Other regions of the world also are seeing the spread of mobile payments. Latin America follows Asia-Pacific in mobile payment adoption, with the Middle East and Africa in 3rd place, as ranked in a source. Acceptance in Europe and North America trail the emerging markets, but mobile payment usage is also spreading among consumers and merchants in these mature economies.

Key Questions Answered

What are the key trends in global mobile payments?
Which region is leading in mobile payment adoption?
How do mobile payment penetration rates differ across 30+ countries?
What are the major drivers and barriers of mobile payment growth?
Who is winning the battle of mobile wallets?

Companies Featured

Amazon.com Inc
Ant Financial Services Co Ltd
Apple Inc
China UnionPay Co Ltd
Deutsche Bank AG
Google LLC
Kakao Corp
Klarna Holding AB
MasterCard Inc
Oxxo SA
PayPal Holdings Inc
SEQR Group AB
Samsung Pay Inc
Sberbank
TWINT AG
Tencent Holdings Ltd
Visa Inc
Walmart Inc
iDEAL BV

Key Topics Covered

1. Management Summary

2. Global Developments

Payment Methods Preferred in E-Commerce, in % of Online Shoppers, Q1 2017
Mobile Payment User Penetration, in % of Internet Users, by Regions, Q4 2015 & Q2 2017
Share of Internet Users Who Are Likely To Use Mobile Payment Next Year, in % of Internet Users, by Selected Countries, Q1 2017
Breakdown of the Number of Transactions/Purchases by Payment Methods, in %, as Perceived by Businesses and by Consumers, 2016
Factors Most Important to Consumers in Deciding to Use Mobile Payments, in %, 2016
Share of Internet Users Who Believe That Mobile Payment is Not Secure, in %, October 2016
Mobile Payment Security Features Demanded by Consumers and Implemented by Businesses, in %, 2016
Attitudes Towards Mobile Payment and Mobile Money, in % of Consumers, by Developed and Developing Markets, 2016
Contactless Payment Transaction Value, in USD billion, 2017e & 2019f
Number of Contactless Payment Users of Apple Pay, Samsung Pay and Android Pay, in millions, 2015 - 2017e
Apple Pay User Penetration Compared to Overall Mobile Payment User Penetration, in % of Internet Users, by Penetrated Markets, Q2 2017

3. Asia-Pacific
3.1. Regional

Breakdown of General Payment Methods Used Most Frequently, in % of Consumers, August 2017
Awareness and Usage of New Payment Methods, in % of Consumers, August 2017
Top 3 Mobile Payment Services Used by Internet Users, by Selected Countries, incl. India, Indonesia, Philippines, South Korea and Thailand, in % of Internet Users, Q2 2017

3.2. Advanced Markets
3.2.1. Japan

Online and Mobile Payment Trends, January 2018
Online and Mobile Payment Trends, August 2017
Awareness and Usage of E-Money Services and Smartphone Payment Services, in % of Smartphone Users, November 2017
Mobile Payment User Penetration, in % of Individuals, May 2014, November 2015 & November 2016
Reasons For Using Smartphone Payment, in % of Smartphone Payment Users, March 2017
Locations of Using Smartphone Payment, in % of Smartphone Payment Service Users, November 2017
Share of Smartphone Owners Who Have Used QR Code Payment, in %, and Share of Non-Users Who Would Like to Use It in the Future, in %, October 2017
Most Used Smartphone Payment Services, in % of Smartphone Payment Users, November 2017

3.2.2. South Korea

Payment Methods Used in E-Commerce, in % of Online Shoppers, October 2016
Payment Methods Used in E-Commerce, in % of Online Shoppers, by PC and Mobile, October 2016
Daily Average Value of Mobile Card Payments, in KRW billion, H1 2015 - H1 2017
Top 5 Mobile Payment Services by Payment Volume, in KRW billion, January-August 2017
Top 10 General Payment Methods Used, in % of Banked Consumers, H1 2017
Proximity Mobile Payment User Penetration, in % of Smartphone Users, 2018f

3.2.3. Australia

Breakdown of Online Payments by PC/Tablet and Mobile, in %, 2013 & 2016
E-Commerce Sales Shares of Apple Pay and Android Pay, in %, 2017e
Share of In-Person Card Payments Made via Mobile Phone, in %, 2016
Smartphone Payment User Penetration, in % of Consumers, May 2017
Mobile Contactless Payment Awareness, in % of Individuals, by Total and by Generation, December 2016

3.2.4. Singapore

Share of Credit Card Holders Who Used Mobile Wallets to Make Payments from Credit Card, 2016 & 2017

3.3. Emerging Markets
3.3.1. China

Online and Mobile Payment Trends, January 2018
Online and Mobile Payment Trends, August 2017
Number of Mobile Payment Users, in millions, and Penetration, in % of Mobile Internet Users, 2014 - 2016 & June 2017
Breakdown of Mobile Payment Users by Gender and Age Group, in %, 2015 & 2016
Third-Party Mobile Payment Volume, in CNY trillion, by Two Comparative Estimates, 2013 - 2019f
Third-Party Mobile Payment Volume, in CNY trillion, by Two Comparative Estimates, Q1 2016 - Q2 2017
Breakdown of Third-Party Mobile Payment GMV by Players, in %, by Two Comparative Estimates, Q2 2017
Breakdown of Third-Party Mobile Payment, by Type, in %, Q2 2016 - Q2 2017
Share of Internet Users Who Use Mobile Payment in Physical Stores, in %, 2016
Proximity Mobile Payment Users Number, in millions, and Penetration, in % of Smartphone Users, 2016 -2021f
Payment Methods Used for In-Store Purchases, in % of Internet Users, June 2017
Selected Mobile Payment Services Used Regularly to Make Payments, in % of Urban Consumers, 2017
Payment Transactions Processed via Offline QR Code Scanning, in CNY billion, Q1 2016 - Q1 2017

3.3.2. India

Payment Methods Preferred When Making Online/Mobile Payments, in % of Urban Internet Users, 2017
Value of Payment Transactions by Selected Non-Cash Payment Methods, in INR billion, and Volume, in millions, incl. Mobile Wallets, FY 2014-2015 - FY 2016-2017
Number of Mobile Payment Transactions, in billions, and Value, in INR trillion, FY 2016 - FY 2022f
Breakdown of Mobile Payment Transaction Value by Segment, in %, FY 2017e
Number of Mobile Wallet Transactions, in billions, and Value, in INR billion, FY 2016 - FY 2022f
Breakdown of Mobile Wallet Transaction Value by Segment, in %, FY 2017e
M-Wallet Market Size, in INR billion, FY 2016 - FY 2022f
Mobile Wallet Transaction Value, in USD billion, FY 2015 & FY 2017

3.3.3. Indonesia

Top 10 Mobile Payment Services Used, in % of Mobile Payment Users, September 2017

3.3.4. Thailand

Payment Methods Used in E-Commerce, by Number of Online Shoppers and Percentage of Online Shoppers, Q1 2016
Breakdown of Online Payment Channels Used by SMEs in E-Commerce, in %, 2016
Value of Mobile Payment Transactions, in THB billion, and Volume, in millions, by Bank, Non-Bank and Total, 2011 - 2016

4. Europe
4.1. Regional

Online Payment Regulatory Trends, July 2017
Interest in New Forms of Payment, in % of Online Shoppers, 2016
External Disruptors in European Payment Environment, in % of Payment Industry Experts, March 2017
Main Expected Innovation Fields in Payment Methods, in % of Payment Industry Experts, March 2017
Factors Expected to Have the Greatest Impact on the Retail Industry in the Next 2-3 Years, in % of Multichannel Retailers, January 2017
New Technologies That European Multichannel Retailers Are Taking Advantage of, in %, January 2017
Top Countries in Western Europe by Proximity Mobile Payment User Penetration, in % of Smartphone Users, 2018f
Mobile Payment Transactions, in EUR billion, 2016 & 2021f
In-Store Mobile Payment Share of Total Mobile Payment Value, in %, 2016 & 2021f

4.2. Advanced Markets
4.2.1. UK

Online and Mobile Payment Trends, January 2018
Online and Mobile Payment Trends, July 2017
Share of Online Card Spending Channeled via Mobile Devices, in %, 2013 - 2016
Most Appealing Use Cases of Open Banking, in % of Bank Account Holders, August 2017
Proximity Mobile Payment Users Number, in millions, and Penetration, in % of Smartphone Users, 2016 -2021f
Breakdown of Apple Pay and Android Pay Users by Age Group, in %, Compared to Total Adults, 2016
Most Valued Aspects of Mobile Payment, in % of Mobile Payment Users, July 2017
Share of Internet Users Who Have Used Fingerprint Technology to Pay for Goods and Who Have Used Selfie Payments, in %, 2017
Breakdown of Frequency of Using Mobile Phone to Make Contactless Payments In-Store, in % of Smartphone Users, By Age Group, Gender and Total, 2016

4.2.2. Germany

Online and Mobile Payment Trends, January 2018
Online and Mobile Payment Trends, July 2017
Factors Important to Online Shoppers When Choosing a Payment Method, in % of Online Shoppers, 2016
Top Payment Methods Offered in an Online Store and in a Brick-and-Mortar Store, in % of Merchants, September 2017
Payment Indicators Monitored by Online Merchants, in % of Online Merchants, 2017
Share of Consumers Who Have Used Payment via Smartphone, in %, and Share of Non-Users Who Could Imagine Paying With a Smartphone in the Future, in %, April 2017
Breakdown of Mobile Payment Usage, in % of Smartphone Users, Q4 2016/Q1 2017
Reasons for Cancelling a Purchase via Smartphone, in % of Smartphone Shoppers, 2017
Breakdown of Optimization of Payment Process for Mobile, in % of Online Merchants, 2017
Top 10 Products and Services Paid for via Mobile, in % of Mobile Payment Users, Q4 2016/Q1 2017
Factors that Would Encourage Smartphone Users to Use Mobile Payment, in % of Smartphone Users, Q4 2016/Q1 2017
Most Trusted Providers, in % of Smartphone Users, Q4 2016/Q1 2017
Top 10 Most Known Payment Providers, in % of Smartphone Users, Q4 2016/Q1 2017

4.2.3. France

Mobile Payment User Penetration, in % of Smartphone Users, March 2017
Number of Mobile Payment Users, in millions, June 2015, June 2016 & March 2017
Breakdown of Willingness to Make Payments Using Smartphone, by Payment Amount, in % of Internet Users, December 2016
Breakdown of Belief in That Smartphone Will Become the Main Mean of Payment by 2025, by Payment Amount, in %, December 2016

4.2.4. Spain

Payment Methods Used in M-Commerce, in % of Mobile Shoppers, 2016 & 2017
Share of Banked Consumers Who Installed Mobile Payment Apps, in %, December 2016
Major Benefits of Mobile Payment According to Banked Consumers, in % of Banked Consumers, December 2016

4.2.5. Italy

Breakdown of Awareness and Usage of New FinTech Services, in % of Internet Users, 2017
Online and Mobile Retail Payment Value by Segment, in EUR billion, and Year-on-Year Change, in %, 2016
Mobile Retail Payment Value by Sub-Segment, in EUR billion, 2016 & 2019f

4.2.6. Netherlands

Breakdown of Mobile Purchases Made via Smartphone by Payment Methods, in %, 2015 & 2016

4.2.7. Sweden

Payment Methods Used and Preferred in Online and Mobile Shopping, in % of Online Shoppers, Q2 2017
Reasons to Choose a Particular Payment Method, in % of Online Shoppers, Q2 2017
Factors Important at the Time of Payment, in % of Online Shoppers, Q4 2016
Awareness and Usage of Mobile Payment Solutions, in % of Internet Users, Q2 2017

4.2.8. Switzerland

Mobile Payment User Penetration, by Current User and Potential Use, in % of Consumers, August 2017
Breakdown of Third-Party Mobile Payment Solutions Used, in % of Users, August 2017

4.2.9. Belgium

Breakdown of Payment Methods Used in E-Commerce, in % of Online Shoppers, April 2017, and Change Compared to 2016 and 2011
Factors Preventing Online Shoppers From Making Purchases Via Mobile, incl. Payment-Related, in % of Online Shoppers, April 2017
Share of Consumers Who Paid With a Smartphone In-Store, in % of Consumers, April 2017
Mobile Payment Apps Used, in % of Mobile Payment App Users, April 2017

4.2.10. Denmark

Payment Methods Used and Preferred in Online and Mobile Shopping, in % of Online Shoppers, Q2 2017

4.2.11. Norway

Payment Methods Used and Preferred in Online and Mobile Shopping, in % of Online Shoppers, Q2 2017

4.2.12. Finland

Payment Methods Used and Preferred in Online and Mobile Shopping, in % of Online Shoppers, Q2 2017

4.2.13. Austria

Awareness and Usage of Payment Methods in E-Commerce, in % of Online Shoppers, January 2017

4.3. Emerging Markets
4.3.1. Russia

Payment Methods Used in E-Commerce, in % of Online Shoppers, 2014 - 2016
Payment Methods Used in E-Commerce, in % of Online Shoppers, by Gender and Location Type, 2016
Categories of Products and Services Paid For Online, by Paid for via Desktop and Smartphone, in % of Internet Users in Large Cities Who Go Online From Smartphone/Desktop, March 2017
Online Payment Methods Used to Pay for Products and Services Online, by Desktop and Smartphone, in % of Internet Users in Large Cities, March 2017
Types of Goods and Services Paid for Via Apple Pay and/or Samsung Pay, in % of Internet Users in Large Cities, March 2017
Attitudes to Mobile Payment, in % of Respondents, Compared to Global Average, 2016

4.3.2. Poland

Payment Methods That Encourage Online Shoppers to Purchase Online, in % of Online Shoppers, April 2017
Payment Methods Used in Online Shopping, in % of Online Shoppers, 6 Months to October 2017

4.3.3. Turkey

Payment Methods Used in E-Commerce, in % of Online Shoppers, January 2017
Breakdown of the Number of E-Commerce Transactions With Payment Cards by Mobile and Web, in %, Q3 2016
Breakdown of Frequency of Paying via Mobile Phone, in % of Internet Users, October 2016

4.3.4. Portugal

Payment Methods Preferred in E-Commerce, in % of Online Shoppers, June 2017

4.3.5. Hungary

Payment Methods Preferred in E-Commerce, in % of Online Shoppers, June 2017

5. North America
5.1. Regional

Share of Consumers Using Mobile Payment Apps at Least Weekly, by Apps from Retailers and Other Apps, 2016 & 2017
Breakdown of Current and Planned Mobile Payment Solutions Acceptance, in % of Retailers, February 2017

5.2. USA

Online and Mobile Payment Trends, February 2018
Online and Mobile Payment Trends and News About Players, August 2017
Share of Consumers Who Are Worried About Their Personal Information When Using a Mobile Payment App, in %, 2015 - 2017
Awareness and Usage of Emerging Technologies in Shopping, incl. Mobile Payment, in % of Consumers, July 2017
Mobile Payment Transactions, in USD billion, 2011, 2016 & 2021f
Proximity Mobile Payment Transaction Value, in USD billion, 2016 - 2021f
Mobile Payment Apps Used for Making Payments In Store, in % of In-Store Mobile Payment Users, February 2017
Mobile Payment Apps Used for Preordering Food or Coffee, in % of Users, February 2017
Mobile Wallets Used, in % of Internet Users, July 2017
Digital and Mobile Payment Methods Used, in % of Online Shoppers, by Generation Y and Generation Z, March 2017
Breakdown of Preferred Mobile Wallet Providers, in % of Current Mobile Wallet Users, Interested Non-Users and Total, January 2017
Issuer Mobile Wallet Ownership, in % of Banked Smartphone Users, and Issuer Mobile Wallet Apps Used, in % of Issuer Wallet App Users, January 2017
Merchant Mobile Wallet Ownership, in % of Banked Smartphone Users, and Merchant Mobile Wallet Apps Used, in % of Merchant Wallet App Users, January 2017
Share of Banked Smartphone Users Who Own Apple Pay, Samsung Pay or Android Pay Wallets, and Breakdown of the Pays Owned, in % of Pays Owners, January2017
Penetration of Apple Pay, Android Pay and Samsung Pay, by Enrolled, Have Used and Frequent Users, in % of Compatible Device Owners, January 2017
Types of Mobile Payments Made, in % of Banked Smartphone Users, January 2017
Most Important Features in Money Transfer or Payment Applications and Services, in % of Adults, July 2017
P2P Mobile Payment Users, in millions, and Penetration, in % of Smartphone Users, 2016 -2021f

5.3. Canada

Share of Online Shoppers Who Have Used Mobile Payment or Digital Wallet Service to Make a Purchase, in %, 2016 & 2017
Share of Cardholders Who Loaded Credit/Debit Card Information on Their Mobile Phone/Wallet, in %, 2017
Awareness of Contactless Payment Methods, in % of Credit/Debit Cardholders, H1 2017
Breakdown of Contactless Card Payment Users and Apple Pay Users by Age Group, in %, Q2 2017
Share of Internet Users Who Installed an E-Wallet Mobile App, in %, by Age Group, April 2017
Share of Smartphone Users Indicating Security Concerns as a Hindrance to Making Mobile Payments, in %, by Age Group, May 2017
Motives to Use Mobile Wallet as a Primary Payment Method, in % of Mobile Payment Users, September 2016

6. Latin America
6.1. Regional

Share of Mobile Shoppers Who Use Mobile Wallets to Pay for Products/Services Purchased via Mobile Device, in %, by Brazil, Chile, Colombia, Mexico and Peru, August 2016

6.2. Brazil

Payment Methods Used in M-Commerce, in % of Mobile Shoppers, September 2017

6.3. Mexico

Online Payment Methods Used in E-Commerce, by Device Used, in % of Online Shoppers, August 2017
Offline Payment Methods Used in E-Commerce, by Device Used, in % of Online Shoppers, August 2017
Payment App and Wallet Penetration, in % of Banked Internet Users, July 2016

6.4. Argentina

Most Attractive Uses of Mobile Payment Services, in % of Smartphone Users, August 2016
Breakdown of Preferred Mobile Payment Providers, in % of Smartphone Users, August 2016

7. Middle East & Africa
7.1. Regional

Share of Online Shoppers in MENA Who Used Smartphone to Pay for Purchases Online, in %, 2016
Number of Registered Mobile Money Accounts in Sub-Saharan Africa, in millions, December 2005 & December 2016

7.2. Israel

Share of Adult Internet Users in Israel Who Use Mobile Wallet Apps to Purchase Goods or Services At Least Once a Month, in %, May 2017

7.3. Nigeria

Number and Value of Internet (Web) and Mobile Payment Transactions, in millions and in NGN billion, 2011- 2016 & H1 2017
Breakdown of Experience with Mobile Money, in % Adults, 2016
Main Purposes of Using Mobile Money Services, in % Mobile Money Users, 2016

7.4. Kenya

Breakdown of Payment Methods Preferred in E-Commerce, in % of Online Shoppers, November 2016
Mobile Payment Statistics, incl. Number of Transactions, in millions, Value of Transactions, in KES billion, Number of Accounts, in millions, and Number of Agents, in thousands, 2008 - 2017

For more information about this report visit https://www.researchandmarkets.com/research/tzh4s2/global_mobile?w=5

Media Contact:

Laura Wood, Senior Manager
[email protected]

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

SOURCE Research and Markets