DUBLIN--(BUSINESS WIRE)--The "North America Online Payment Methods: Full Year 2017" report has been added to ResearchAndMarkets.com's offering.
The report includes, among other data, projections of increasing use of digital and mobile wallets such as PayPal and Apple Pay in the USA and Canada.
Credit card remains the leading payment choice of digital buyers in the USA and Canada, according to recent surveys cited in the report. However, in line with the global trend, these countries see a growing use of digital wallet solutions such as PayPal and mobile payment methods including Apple Pay, Android Pay, Google Pay and others.
The key factors driving the adoption of these innovative payment methods by North American consumers include convenience of their use along with reservations about the safety of traditional card payments on the Internet. One-third of U.S. consumers surveyed in 2017 admitted never saving their credit card details on shopping sites due to the fear of this information being hacked. At the same time, concerns over the security of mobile payments also persist. Another survey cited revealed that respondents in Canada value the availability of reward programs above all when paying with their phones.
Given the consumers' rising interest in innovative payment means, competition between mobile wallet providers in North America is intensifying. Mobile payment apps by merchants such as Walmart Pay and Starbucks Pay especially grew in adoption between 2016 and 2017, although third-party solutions like Apple Pay top the ranking of individual services used by digital consumers in the U.S.
Key Questions Answered
- What are the top payment methods used by online shoppers in Canada and the USA?
- How does the concern over payment security influence the behavior of online shoppers in the USA?
- How do mobile payments fare in North America compared to other regions worldwide?
- What are the main drivers of mobile payment adoption for consumers in Canada?
- Who is winning the battle of the mobile wallets in the USA?
- Android Inc.
- Apple Inc
- Google LLC
- MasterCard Inc.
- Paypal Inc
- Venmo Inc.
- Visa Inc.
- Wal-Mart Stores Inc.
- Zelle LLP
For more information about this report visit https://www.researchandmarkets.com/research/fp427b/north_america?w=4