Dublin, Dec 07, 2022 (GLOBE NEWSWIRE) – Added the Europe Mobile Payment Methods 2022 report ResearchAndMarkets.com Offer.
Digital wallets dominated the payment landscape in several countries in Europe
Many countries across Europe are seeing continued growth in the use of digital wallets and their adoption and presence are expected to gain momentum.
In Germany, PayPal was the preferred and most used payment method for B2C e-commerce purchases. Furthermore, among the top payment methods offered by online stores in Germany, most online retailers in 2021 offer PayPal, followed by invoice and credit cards, according to the report.
In contrast, Apple Pay and Google Pay were offered by a tiny percentage of online retailers in Germany. Digital wallets like PayPal were a regularly used online payment method by almost two-thirds of German consumers in 2021, with Google and Apple Pay being the least used forms of digital wallet.
In terms of age groups, PayPal was again the most used payment method across different age groups, while over a certain percentage of consumers between the ages of 16 and 69, Klarna was also commonly used for their online payments, as stated in the publication.
In 2021, MobilePay outperformed PayPal and Apple Pay in Denmark in both usage and preference when shopping online. Mobile wallets like PayPal are also steadily gaining traction in some of the emerging European markets like the Czech Republic.
Although e-wallet is used by a small percentage of internet users as a payment method for B2C e-commerce, as of 2021 it was one of the most popular payment methods for online purchases in the country. Almost half of online shoppers in Portugal were also in favor of using PayPal when shopping online, while more than half of online businesses in Bulgaria experienced a positive impact following the launch of digital and mobile wallets in 2021.
Despite the growing interest in mobile payments across Europe, there are still some challenges to be solved
Although many countries in Europe are encouraging the use of mobile payments, there are some potential challenges facing mobile payment users, the report shows. More than a third of adults using mobile payments in France in 2021 were concerned about the security issues related to using the payment method. Aside from that, mobile payment users also had concerns about the risk of fraud.
For example, in France, fraud risks related to mobile payments were very or fairly important for more than two-thirds of adults using this payment method. In Poland, a certain percentage of mobile shoppers not only had problems with paying, but also found the payment method inconvenient, as stated in the publication.
Questions addressed in the report:
- How many mobile wallets are expected to be in use in Europe by 2025?
- What are the most popular B2C eCommerce payment methods in Europe?
- Which were the most popular financial services brands in the UK?
- What were the most popular payment methods offered by online shops in Germany?
- What problem areas were highlighted when using mobile payments in France and Poland?
Main topics covered:
1. Management Summary
2. Global developments
- Online and Mobile Payment Trends, July 2022
- Value of digital wallet transactions, in trillions of USD, 2022f and 2026f
- Mobile payments market size, in trillion USD, 2021 and 2028f
- Number of B2C e-commerce transactions paid by OEM mobile payment apps, in billions, 2022f and 2026f
- Most used payment methods for online shopping during the pandemic, in % of online shoppers, by selected countries, April 2021
- Value of biometrically authenticated remote mobile payments, in billion USD, 2022e & 2027f
- Volume of biometrically authenticated remote mobile payments, in billions, 2022e & 2027f
- Number of mobile contactless transactions, in billions, 2021e & 2023f
- Proximity mobile payment users worldwide, in millions, and annual change, in %, 2020-2025f
- Proximity mobile payment user penetration, in % of smartphone users, 2020-2025f
- Number of mobile wallet users, by region, in millions, 2020 & 2025f
- Proximity mobile payment users in selected countries, as % of smartphone users, 2021e
- Payment methods accepted by online retailers, already accepted and planned, in % of online retailers, February 2022
- Breakdown of fraudulent transactions in digital banking by channel, incl. mobile app, in %, Q3 2019 – Q2 2021
3. Europe
3.1. Regional
- Online and Mobile Payment Trends, July 2022
- Number of mobile wallets used, by Central and Eastern Europe and Western Europe, in millions, 2020-2025f
- Breakdown of preferred payment methods in B2C e-commerce, in % of online shoppers, by selected countries, November 2021
- Share of payment methods used in-store in the last 12 months, % of consumers, July 2021
- Breakdown of preferred electronic payment methods for in-store purchases, % of consumers, July 2021
- Breakdown of preferred electronic payment methods for in-store purchases, % of consumers, by generation, July 2021
- Percentage of consumers who would support mandatory acceptance of digital payments, July 2021
3.2. Advanced Markets
3.2.1. United Kingdom
- Breakdown of preferred payment methods in B2C e-commerce, in % of online shoppers, November 2021
- BNPL services used, % of respondents, 2020 and 2021
- Most popular financial services brands, % of consumers, Q1 2022
- Percentage of respondents who feel safer when paying with their mobile phone due to security features, May 2022
- Number of mobile proximity payment users, in millions, and annual change, in %, 2019-2025f
- Number of proximity mobile payment users, in millions and in % of the total population, 2019-2025f
- Contactless payments, % of total payment transactions, 2021e
- Contactless payment usage, % of respondents, May 2022
3.2.2. Germany
- Breakdown of B2C e-commerce sales by payment method, in %, 2021
- Top payment methods offered in online stores, in % of online retailers, February 2021
- Regularly used online payment methods, % of consumers, November 2021
- Regularly used online payment methods, % of consumers, by age group, November 2021
- Preferred payment methods in B2C e-commerce, by purchase price, in % of online shoppers, July 2021
3.2.3. France
- Breakdown of preferred payment methods in B2C e-commerce, in % of online shoppers, November 2021
- Trusted payment methods, % of internet users, October 2021
- Top payment applications of the future, including Paylib, Google Pay and Apple Pay, in % of adults, January 2021
- % of adults who trust mobile payment, January 2021
- Top barriers to using mobile payments in a store, % of adults, January 2021
- Payment method fraud risks, by type and importance, % of adults, October 2021
3.2.4. Spain
- Top 3 payment methods used in B2C e-commerce, in % of online shoppers, 2020 & 2021
3.2.5. Italy
- Breakdown of preferred payment methods in B2C e-commerce, in % of online shoppers, 2021
- Value of mobile and portable payments, in billion EUR, 2020 and 2021
- Value of digital payments, in billion EUR, 2020 & 2021
3.2.6. Norway
- Payment methods in B2C e-commerce, by used and preferred, in % of online shoppers, 2021
3.2.7. Denmark
- Payment methods in B2C e-commerce, by used and preferred, in % of online shoppers, 2021
3.2.8. Austria
- Breakdown of preferred payment methods in B2C e-commerce, in % of online shoppers, 2021
3.3. emerging markets
3.3.1. Poland
- User penetration for mobile payments, in % of internet users, 2020 and 2021
- Payment methods used in B2C e-commerce, in % of online shoppers, by age group, June 2021
- Problems making B2C e-commerce purchases via mobile, including payment-related, % of mobile shoppers, June 2021
3.3.2. Turkey
- Number and value of contactless mobile transactions in millions and value in millions of TRY, Q1 2020 to Q1 2022
3.3.3. Czech Republic
- Applications used for mobile payments, % of mobile payment users, March 2021
- Payment methods used in B2C e-commerce, % of internet users, March 2021
- Percentage of internet users who would prefer to pay contactless if possible, March 2021
3.3.4. Portugal
- Mobile payment penetration, % of banked internet users, 2020 and 2021
- Preferred payment methods in B2C e-commerce, in % of online shoppers, November 2021
3.3.5. Bulgaria
- Share of online businesses with increasing revenue share attributed to a payment method, by payment method used, %, November 2021
companies mentioned
- AmazonPay
- ApplePay
- Clearpay
- Google Pay
- Klara
- MasterCard
- Mobile payment
- Paylib
- PayPal
- hiss
- VIPPS
- Visas
For more information about this report, visit https://www.researchandmarkets.com/r/yj8wle
