Market could be explored by type, application, and geography. Market could be explored by type as direct
debits, Real-time bank transfers & offline bank transfers, Cash on delivery, Digital wallets, E-invoices, Prepay,
Post-pay, Debit cards, Pre-paid cards, Charge cards, and Credit cards.
The key applications that could be explored in the market include Bank transfer, Cards, Direct debits, Mobile,
and E-wallets. The “Cards” segment led the e-Commerce payment market in 2017 and will continue to lead in
the forecast period. The key factors that may be attributed to the growth of the market include steady reduction
in the shares and e-wallets and increasing demand.
North America accounted for the major share of the market in 2017 and will continue to lead in the forecast
period. The factors that could be attributed to the growth include governing compliance, rising demand for
secure payment methods, and easy usability. North America is followed by the Asia-Pacific region owing to
presence of youth populace, rapidly growing economies, substantial growth in the spending capacity, and
advancement in the e-Commerce technologies.
Some of the key players that fuel the growth of the e-Commerce payment market comprise Amazon Payments,
Inc., PayPal Holdings, Inc., We Pay Inc., CCBill, LLC, Visa, Inc., Alipay, Stripe Inc., MasterCard Incorporated,
UnionPay International Co., Ltd., and American Express Company. The leading companies are taking up
strategies such as partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic
growth of the industry.
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