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Exclusive insights and data from the whitepaper 

Europe

Visa was the leading card scheme standing at 57%, with Mastercard (43%), American Express (1%) followed by Diners Club (1%). Digital payments made with PayPal and Amazon Pay were used by almost seven in ten (69%) German consumers.

APAC

Digital wallets stood as the top-performing payment option in Asia (69%), accompanied by credit card payments (13%), debit card payments (8%), bank transfers (5%) and cash on delivery (3%).

MENA

Increasing internet adoption is a key factor for the growth of regional eCommerce, the eCommerce market size in Saudi Arabia is expected to amount to US$11.98 billion in 2023, followed by UAE at US$11.78 billion by 2023 and Egypt at US$7.54 billion

North America and Canada

Online payment services ranked as the third most used payment method in the US with 42%. Debit cards were also heavily favoured by the majority (54%) of US digital consumers. The US is expected to have a transaction value in POS payments via eWallets of US$651.30 billion in 2023. 

LATAM

Local payment methods are prevalent in LATAM. Pix was responsible for the processing of 4.3 billion digital transactions in Brazil as of Q1 2022. On a country level, cross-border shopping represented almost a third (29%) of eCommerce purchases in Mexico in 2022, followed by Colombia and Peru (14%).  

 

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