ecommerceDB.com Trend Report
The surge of online shopping throughout the last decade has also brought about changes in the way we pay. As more people buy online every year, online payment providers have assumed greater significance. New players have emerged and advances in technology have made it possible to introduce novel payment methods such as eWallets.
Our ecommerceDB trend report series “eCommerce Payment Providers” puts a spotlight on the industry’s most relevant payment providers. This report takes a deep dive into the world of card payments and Mastercard in particular. In addition to elaborating on how Mastercard payments work, the 36-page report answers the following key questions:
With an average yearly revenue growth of 11.2%, the global eCommerce market is projected to continue growing and lead to an increasing volume of online payments. Online shoppers can choose from a variety of options to pay their online bills. Whereas credit and debit cards were once standard, recent years have given rise to a wealth of new payment possibilities, such as eWallets and invoice/installment (i.e., buy now, pay later) providers. On the highly competitive market, payment by credit/debit card is the most widely offered payment method in global eCommerce: 95% of all online stores worldwide offer at least one card payment provider on their website.
This report takes a closer look at Mastercard – one of the most popular card providers in the world. Our in-depth analysis not only provides detailed insights about the popularity of specific payment providers by country, but it also takes a deeper look into the nature of online stores that accept Mastercard payments. Is the average store accepting Mastercard payments small or large? Are Mastercard payments more popular among fashion stores than stores selling furniture products? And how many stores that accept Mastercard payments also allow customers to pay with Visa?
If you are looking to learn more about Mastercard, this report will not only supply you with detailed information about the global online payment market but will also deliver tangible information about the characteristics of online stores offering Mastercard payments.
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