DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/xsnh9j/north_america) has announced the addition of the "North America Online Payment Methods: Full Year 2014" report to their offering.
Online and mobile payments worldwide are forecasted to top three trillion Euros in the next five years. Mobile payment is the growth leader, outpacing online and the total payments market, with further growth expected following the launches of varying mobile payment solutions, including Apple Pay. Fast and one-touch checkout is a trend on the global online and mobile payment market, with one-touch solutions released by Amazon, PayPal and Apple Pay. Another trend is large payment companies preparing to separate from their E-Commerce parent companies. EBay announced plans to spin off PayPal, while Alibaba revealed that it will let Alipay go public after Alibaba's own IPO. The players that have intensified their efforts on the payments markets in 2014 are social networks and messengers, with Twitter, Facebook and Snapchat launching peer-to-peer payments.
Across North America, credit card remained the leading payment method in B2C E-Commerce. In the USA it was preferred by almost half of online shoppers in 2014. Its share remained high in usage despite the number of cases with credit card data breach reported by multichannel retailers in 2014. The growth of proximity mobile payment transactions in the USA is forecasted to accelerate in the next couple of years and then slow down. Security remained a major concern in both online and mobile payments in the USA.
Also in Canada also over half of consumers were worried about personal information disclosure in mobile payments, while a small double-digit share of consumers have already used mobile payments either in-store or online. Online payment with credit card was by far the most used payment method in B2C E-Commerce.
- Alibaba Group
- American Express
- Apple Pay
- Stripe Inc.
- Zip Pay
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