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TMCNet:  e-Commerce Payments Market 2020-2025: COVID-19 Pandemic Rapidly Accelerating Growth

[May 22, 2020]

e-Commerce Payments Market 2020-2025: COVID-19 Pandemic Rapidly Accelerating Growth

DUBLIN, May 22, 2020 /PRNewswire/ -- The "E-commerce Payment - Global Market Trajectory & Analytics" report has been added to's offering.

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The E-commerce Payment market worldwide is projected to grow by US$32.7 Billion, driven by a compounded growth of 12.9%.

Credit Cards, one of the segments analyzed and sized in this study, displays the potential to grow at over 11.2%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over US$18.8 Billion by the year 2025, Credit Cards will bring in healthy gains adding significant momentum to global growth.

Representing the developed world, the United States will maintain a 11.5% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over US$1.3 Billion to the region's size and clout in the next 5 to 6 years. Over US$1.1 Billion worth of projected demand in the region will come from Rest of Europe markets.

In Japan, Credit Cards will reach a market size of US$831.1 Million by the close of the analysis period. As the world's second largest economy and the new game changer in global markets, China exhibits the potential to grow at 16.3% over the next couple of years and add approximately US$7.7 Billion in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders.

Presented in visually rich graphics are these and many more need-to-know quantitative data important in ensuring quality of strategy decisions, be it entry into new markets or allocation of resources within a portfolio. Several macroeconomic factors and internal market forces will shape growth and development of demand patterns in emerging countries in Asia-Pacific, Latin America and the Middle East.

All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.

Key Topics Covered




  • Global Competitor Market Shares
  • E-commerce Payment Competitor Market Share Scenario Worldwide (in %): 2019 & 2025
  • Impact of COVID-19 and a Looming Global Recession
  • E-commerce Payment: A Prelude
  • Review of Major E-commerce Payment Platforms



  • Robust Outlook for e-Commerce Provides the Foundation for Growth in the Market
  • Robust Growth of E-Commerce Supported by the On-Demand Economy to Amplify the Importance of Electronic Payment Options: Global e-Commerce Sales (In US$ Billion) for the Years 2017, 2019 & 2022
  • As the World Moves to a Cashless Society, e-Commerce Payments Stands at the Verge of Irrevocable Change
  • As Global Non-Cash Transactions Spirals, Ecommerce Payments Market is Poised for Heady Opportunities Ahead: Global Number of Cashless Transactions (In Billion) by Geographic Region for the Years 2015, 2017, 2019, 2021
  • Rapid Penetration of Internet & Growing Ownership of Smartphones Drive the Preference for Online Payments
  • Growing Base of Internet Users Worldwide as Evidenced by Growing Penetration Rates Provides the Platform for the Rise of Online Shopping & Electronic Payments: Global Internet User Penetration for the Years 2017, 2019, 2022 and 2024
  • Expanding Base of Smartphone Users to Over 38% of the Global Population Bodes Well for Online Shopping & Adoption of Mobile Payments Apps: Global Number of Smartphone Users for the Years 2016 through 2020
  • Financial Inclusion & Reduction in the Number of Unbanked People Bodes Well for the Adoption of Online Payment Options
  • Growing Global Efforts for Financial Inclusion to Catapult the Popularity and Importance of Digital Payment Platforms: Global Account Ownership by Gender (In %) Breakdown by High Income & Low and Middle Income Economies for the Years 2013, 2015 and 2019
  • Development of Safe & Secure Payment Gateways Catalyzes the Confidence in Online Payments
  • Blockchain Payments Emerges as a Technology that Knows No Boundaries, Redefining eCommerce & Driving Cross-Border eCommerce
  • Spectacular Growth of Blockchain Technology & Its Promising Use in the Field of Digital Currency & Payments to Revolutionize eCommerce: Global Market for Blockchain (In US$ Billion) for the Years 2018, 2020, 2022 and 2024
  • Rise of Cryptocurrencies as a Payment Platform for Online Transactions, A Key Trend in the Market
  • Growing Awareness of Cryptocurrencies Among Global Internet Users & Rising Ownership Rates Bodes Well for their Rise as Effective Platforms for eCommerce Payments: Ownership of Cryptocurrency (As % of Total Population) by Country for the Year 2019
  • Mobile Biometrics Emerges to Add an Additional Layer of Payment Safety with Multiplier Impact on Adoption Rates
  • Astounding Penetration of Biometrics for Mobile Devices to Push Up the Volume of Online Financial Transactions: Global % Share of Mobile Devices That Utilize Biometrics for Online Transactions for the Years 2017, 2019, 2021 and 2023
  • Global % Share of Type of Devices Sold With Biometrics Technology for the Years 2017, 2019 & 2021
  • Innovations in FinTech & Rise of Mobile Commerce Drive the Popularity of Digital Wallets & Mobile Payment Apps
  • As the Future of eCommerce Becomes Mobile, Mobile Wallet Emerges an Important eCommerce Payment Platform: Adoption of Mobile Wallet (In %) by Region/Country for the Year 2019
  • Robust Mobile Commerce Market to Benefit the Growth of Mobile Wallets: Global Mobile Commerce Market (In US$ Billion) for the Years 2016 to 2020
  • Well Developed & Continuously Evolving Ecosystem of Mobile Payment Apps, a Key Growth Driver
  • Growing Number of App Users Mirror the Well Developed Mobile Payment App Ecosystem their Growing Reach & Visibility Among Consumers: Global Number of Users (In Million) Breakdown by Leading Mobile Payment Platform for the Year 2018
  • Supported by Myriad Benefits, Electronic Funds Transfer Grows in Prominence




  • Total Companies Profiled: 46

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