A newly released report by Germany-based secondary market research firm yStats.com, “Global Mobile Payment Methods 2019,” finds that around the world, the adoption of mobile payments is rising, with the nations of the Asia-Pacific region leading the trend.
Mobile payments are used by more than a third of Internet users globally, quoted yStats.com’s latest report. The Asia-Pacific region outperforms the rest of the global regions by a double-digit lead. The Chinese market for mobile payments alone holds over half a billion users, using services such as WeChat Pay, Alipay and others. The region also sees growth in this area in Singapore, India, Australia and Indonesia.
Asia-Pacific is not alone in the mobile payments race.
In regard to interest in mobile payments, Latin America follows Asia-Pacific, as cited by yStats.com. In other regions, mobile wallets including Apple Pay and Google Pay have gained popularity in E-Commerce payments, for example in the USA and Europe. The Middle East and Africa still are driven by cash, but new mobile money and mobile wallet solutions are projected to obtain an increased market share.
Security in mobile payments to be strengthened by biometric authentication.
Despite security concerns over mobile payments from consumers, the global market outlook remains positive. Security innovations in the mobile payments sphere including biometric authentication are projected to aid consumers in overcoming this issue, according to the yStats.com report.
For further information, see: https://www.ystats.com/wp-content/uploads/2019/03/2019.03.08_Product-Brochure-Order-Form_Global-Mobile-Payment-Methods-2019.pdf
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Founded in 2005 and headquartered in Hamburg, Germany, yStats.com is one of the world's leading secondary market research companies. We are committed to providing the most up-to-date and objective data on Global B2C E-Commerce and Online Payment markets to sector-leading companies worldwide.
Our multilingual staff researches, gathers, filters and translates information from thousands of reputable sources to synthesize accurate and timely reports in our areas of expertise, covering more than 100 countries and all global regions. Our market reports focus predominantly on online retail and payments, but also cover a broad range of related topics including M-Commerce, Cross-Border E-Commerce, E-Commerce Delivery, Online Gaming and many others. In addition to our wide selection of market reports, we also provide custom market research services.
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