E-commerce Payment Market Analysis and Opportunities by 2025

Historic Data: 2015-2016 | Base Year: 2017 | Forecast Period: 2018-2025

E-commerce Payment Market to 2025 - Global Analysis and Forecasts by Type (Credit Card, Debit Card, Digital Payment/E-Wallet, and Net Banking); and Industry (Fashion, Electronics & Media, Food & Personal Care, Furniture and Appliances, and Service Industry & Others)

Report Date : Aug 2018
Report Code : TIPTE100000836

Category : Banking, Financial Services, and Insurance
Status : Published

Available Report Formats :
No. of Pages : 143

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Page Updated: Jun 2024

Analysis Strategic Insights Market Drivers Regional Insights Report Scope Recent Developments FAQs

The Global e-commerce payment market is expected to grow from US$ 24.26 Bn in 2017 to US$ 64.69 Bn by 2025 at a CAGR of 13.1% between 2018 and 2025.

E-commerce payment market is experiencing growth all across the globe, with the rising preference for making online payments due to the availability of several payment methods. Furthermore, the rising adoption of smartphones and availability of internet is also propelling the e-commerce payment market growth. Moreover, the increasing number of banking population and digitalization, the e-commerce payment market is anticipated to flourish during the forecast period. The report focuses on an in-depth segmentation of E-Commerce Payment market based by type, industry vertical and geography.

Market Insights

APAC is recognized as the leading region throughout the forecast period

The Asia Pacific region comprises of several developing countries such as South Korea, India, Indonesia, and Malaysia among others. These countries are witnessing a high growth in their population, resulting in growth of e-commerce payment market. The e-commerce industry of the region is blooming with increasing penetration of internet as well as high adoption of smartphones and tablets. Also, the governments of emerging economies are taking initiatives for improving the banking population thus, providing better platform to online payment industry. Recently, a shift has been noticed wherein, consumers across APAC are preferring to pay online via alternative payment methods such as e-wallets, bank transfers and credit & debit cards. The increasing use of these payment methods is expected to significantly contribute towards the growth of payment gateways in e-commerce industry during the forecast period. These factors are anticipated to further propel the demand for e-commerce payment market in APAC region.

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E-commerce Payment Market: Strategic Insights

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Business Model in Retail remains untapped in Middle East region thus offering huge potential for industry players

Digital payments in the Middle East are at a breaking point as regulations, culture and technology witness paradigm shifts, opening the door for innovative companies to disrupt the oldest payment ecosystems. More than 80% of brick-and-mortar retail payments and 65% of e-commerce payments are still made in cash, and smartphone adoption exceeds 100% in several countries. Mobile penetration in the MEA region is on the verge of a new era that is driven by evolving consumer behavior, rapid industrialization, government ambitions, and changing economic condition. The opportunities have been identified in the growth in data access and revenues, which are becoming substantial and growing strongly; and also in digital payment services. This is being validated by the fact that the smartphone penetration in the region is greater than 65%. In addition, more than two-thirds of the population use the Internet, with penetration in the U.A.E. and Qatar exceeding 90%. The region has a substantial population of wealthy individuals with an appetite for luxury goods.

Market initiative was observed as the most adopted strategy in global E-Commerce Payment market. Few of the recent strategies by some of the players in E-Commerce Payment market landscape are listed below-

2018:PayPal announced the extension of its partnership agreement with eBay. Through this agreement eBay continue to promote and accept PayPal Credit through marketplace platform.
2018:Alipay announced the launch itself in 20 European countries at the end of this year. The company signed contracts with over 40 digital wallets companies and 100 banks across Europe.
2018:Visa, Inc. announced the extension of its partnership with PayPal to Canada, for accelerating the implementation of reliable, secure, and appropriate mobile and digital payments for merchants and consumers.

E-commerce Payment Market Regional Insights

The regional trends and factors influencing the E-commerce Payment Market throughout the forecast period have been thoroughly explained by the analysts at The Insight Partners. This section also discusses E-commerce Payment Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

E-commerce Payment Market Report Scope

Report Attribute	Details
Market size in 2017	US$ 24.26 Billion
Market Size by 2025	US$ 64.69 Billion
Global CAGR (2017 - 2025)	13.1%
Historical Data	2015-2016
Forecast period	2018-2025
Segments Covered	By Type Credit Card Debit Card Digital Payment/E-Wallet Net Banking By Industry Fashion Electronics & Media Food & Personal Care Furniture and Appliances Service Industry & Others
Regions and Countries Covered	North America US Canada Mexico Europe UK Germany France Russia Italy Rest of Europe Asia-Pacific China India Japan Australia Rest of Asia-Pacific South and Central America Brazil Argentina Rest of South and Central America Middle East and Africa South Africa Saudi Arabia UAE Rest of Middle East and Africa
Market leaders and key company profiles	PayPal Holdings, Inc. Amazon Payments, Inc. CCBill, LLC WePay Inc. Alipay Visa, Inc. MasterCard Incorporated Stripe Inc. American Express Company

E-commerce Payment Market Players Density: Understanding Its Impact on Business Dynamics

The E-commerce Payment Market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Get the E-commerce Payment Market top key players overview

Global E-Commerce Payment Market Segmentation

By Type

Credit Card
Debit Card
Digital Payment/ E-Wallet
Net Banking
Gift Cards
Others

By Industry

Fashion
Electronics & Media
Food & Personal Care
Furniture and Appliances
Service Industry
Others

By Geography

North America
- U.S.
- Canada
- Mexico
Europe
- France
- Germany
- Italy
- Spain
- UK
- Rest of Europe

Asia Pacific (APAC)
- Australia
- China
- India
- Japan
- Rest of APAC
Middle East and Africa (MEA)
- Saudi Arabia
- UAE
- South Africa
- Rest of MEA
South America (SAM)
- Brazil
- Rest of SAM

Company Profiles

PayPal Holdings, Inc.
Amazon Payments, Inc.
CCBill, LLC
WePay Inc.
Alipay
Visa, Inc.
MasterCard Incorporated
Stripe Inc.
American Express Company
UnionPay International Co., Ltd.

Research Manager

Ankita Mittal

Manager,
Market Research & Consulting

Ankita is a dynamic market research and consulting professional with over 8 years of experience across the technology, media, ICT, and electronics & semiconductor sectors. She has successfully led and delivered 100+ consulting and research assignments for global clients such as Microsoft, Oracle, NEC Corporation, SAP, KPMG, and Expeditors International. Her core competencies include market assessment, data analysis, forecasting, strategy formulation, competitive intelligence, and report writing.

Ankita is adept at handling complete project cycles—from pre-sales proposal design and client discussions to post-sales delivery of actionable insights. She is skilled in managing cross-functional teams, structuring complex research modules, and aligning solutions with client-specific business goals. Her excellent communication, leadership, and presentation abilities have enabled her to consistently deliver value-driven outcomes in fast-paced and evolving market environments.

What are the E-commerce Payment Market report deliverables?

Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
PEST and SWOT Analysis
Market Size Value / Volume - Global, Regional, Country
Industry and Competitive Landscape
Excel Dataset

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