Payments continues to be one of the brightest spots in the financial services universe, propelled by continuing technological advances, and expanding digital and noncash mechanisms. Alternative payment methods are expanding to meet the needs of consumers online, led by eWallets and bank transfers. But cash remains the leading payment method at the point of sale. This complex payment landscape opens doors to increase consumer satisfaction by offering the right mix of payment options.
The Worldpay’s 2018 Global Payments Report offers a snapshot of the current payment landscape: globally, by region, and in 36 select countries. The report covers projected scenarios and trends over the next five years. In addition, it offers a series of essays with Worldpay’s perspectives on key issues in the payments world.
This report asserts Worldpay’s own view of the market, based on internal expertise. E-commerce market size and growth data were sourced from GlobalData’s E-Commerce Analytics database. Payment methods breakdown and forecast by country and region is calculated using a data model developed by Worldpay. Besides a survey of 45,000 consumers in 31 countries. Additional secondary sources for this report include eMarketer, Euromonitor, Statista, and yStats