Market New Research E-commerce Payment Market 2018 - Global Outlook

E-commerce Payment Market 2018 - Global
Market Outlook, Demand, Key Manufacturers
and 2025 Forecast
“e-Commerce Payment implies transactions that occur while selling or
buying online. Electronic commerce payment constitutes electronic
funds transfer, mobile commerce, Internet banking, electronic data
interchange (EDI), automated data collection systems, and online
transaction processing.”
Global E-Commerce Payment Market is anticipated to witness an exponential growth in the forecast period. e-
Commerce Payment implies transactions that occur while selling or buying online. Electronic commerce payment
constitutes electronic funds transfer, mobile commerce, Internet banking, electronic data interchange (EDI),
automated data collection systems, and online transaction processing.
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The factors that propel the growth of the market include increasing preference for making online payments, growing
acceptance of smartphones, growing banking population, rapid digitalization, and technological advancement. On the
other hand, there are factors that may hamper the growth of the market including privacy and security concerns. E-
Commerce payment market is anticipated to expand at a significant CAGR in the upcoming period as the scope, product
types, and its applications are increasing across the globe.
Increasing mobile biometrics for payments is an emerging trend in the e-Commerce payment market. As per the
current market situation, use of mobile devices for conducting e-Commerce and financial transactions has improved
significantly. Thus, rising trend is important towards the innovation of biometrics technologies such as voice
recognition, fingerprint recognition, iris recognition, keystroke recognition, facial recognition, and signature
recognition.