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Lead Story

Simple ways to better your business


Industry Update

Feds place chokehold on banks, processors

Apple changes app rules to include virtual currencies

Square ditches mobile wallet, offers cash advances


Your next third-party partner: Friend or foe?

mPOS shaking things up

Alternative payments gaining momentum


A fresh look at chargeback insurance

Gene Lieb and Laura Kaiser
Business Financial Resources


Street SmartsSM:
Auto-pilot and self reflection

Tom Waters and Ben Abel
Bank Associates Merchant Services

TRO/asset freeze: The FTC's nuclear option

Michael Thurman
Thurman Legal

Is that a terminal or a PIN pad?

Dale S. Laszig
DSL Direct LLC

Top five legal issues in the MCA industry

Andrew T. Hayner
Jaffe, Raitt, Heuer & Weiss P.C

Company Profile


New Products

Dynamic POS suite

DynaPro, DynaPro Mini
MagTek Inc.

FI-proven platform for merchants

SmartVista for Retailers
BPC Banking Technologies


Discovery leads to delight


Readers Speak

Resource Guide


A Bigger Thing

The Green Sheet Online Edition

June 23, 2014  •  Issue 14:06:02

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Alternative payments gaining momentum

A 2014 WorldPay Inc. report, Your Global Guide to Alternative Payments (Second Edition), revealed how the rising influence of alternative (noncard) payments in global markets is redefining the payments landscape. The report also made projections for the coming years. Leading alternative payment schemes identified include PayPal, AliPay, TenPay, Skrill, IDEAL, Paysafecard, Yandex Money, Konbini, Sofort, Klarna, Ukash, WebMoney and GiroPay.

Key findings:

Projected percentage of online purchases using alternative payments by 2017 59 percent
Projected percentage of online purchases using credit or debit cards by 2017 41 percent
PayPal's global market share as an alternative payment scheme (ranked first) 57 percent
Alipay's global market share as an alternative payment scheme (ranked second) 20 percent
Projected global market share for card-based e-wallets by 2017 25 percent
Percentage of transactions made using e-wallets in China today 44 percent

Payment type/volume/global share 2012 2017
E-wallets $295 billion (17 percent) $1.65 trillion (41 percent)
Bank transfers $122 billion (7 percent) $245 billion (6 percent)
Others $164 billion (10 percent) $209 billion (5 percent)
Mobile $18 billion (1 percent) $117 billion (3 percent)
Cash on delivery $93 billion (5 percent) $93 billion (3 percent)
Direct debits $42 billion (2 percent) $54 billion (1 percent)

Top 20 e-commerce markets 2012 (based on 2012 payment volume)

Population (millions) E-commerce volume (billions)
United States 314 $593.6
United Kingdom 63 $212
China* 1.3 billion $190
Japan 128 $155.4
Germany 82 $83.6
France 66 $73.7
Australia 23 $47
Canada 35 $31.6
Italy 61 $27.2
South Korea 50 $24
Spain 47 $23.6
Turkey 74 $19.9
Netherlands 17 $16.4
Sweden 10 $16.3
Brazil 199 $16.2
Taiwan 23 $15.7
India 1.2 billion $14
Russia 144 $13.2
Austria 8 $12.6
Finland 5 $12.5

*Note: In 2014, China surpassed the United States in e-commerce volume.

Notice to readers: These are archived articles. Contact names or information may be out of date. We regret any inconvenience.

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