Exclusive insights and data from the report
Europe
The most prevalent online payment method in Europe is credit and debit cards (36.8%). Alternative payment methods (34%) are hot on their heels and bank transfers come third (22%).
APAC
Unlike any other region, eCommerce accounts for more than half (51%) of total retail sales in APAC. Nearly eight out of ten consumers (78.6%) prefer alternative payments and eWallets for their online payments.
MENA
Overall, card payments remain the preferred way to pay online. Visa is the leading card scheme in MENA accounting for 37.1% of eCommerce transactions in the region.
North America
Despite showing indications of saturation, the eCommerce market volume of North America is projected to exceed US$1.5 trillion by 2025. 81% of consumers used a BNPL payment option to shop online and in-store in 2021.
LATAM
In 2021, nearly six out of ten online purchases (59%) in LATAM were completed with a mobile device. Debit cards are the payment method with the highest forecasted CAGR through 2023, surpassing credit cards and bank transfers.