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.

1. E-commerce Payment Market Key Players, Trends, Growth
Opportunities and Industry Forecast till 2025
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.
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.
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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.”

2. 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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3. Market Segment:
Key Players
• Alipay
• Tenpay
• PayPal
• Visa
• MasterCard
• China UnionPay
• American Express
• JCB
• Discover
Key Type
• Real-Time Bank Transfers
• Offline Bank Transfers
Key Application
• Large Enterprise
• SME
Key Region
• United States
• EU
• Japan
• China
• India
• Southeast Asia

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