Online retail payments report
Research and Markets has released its report of the ‘5th Annual Online Retail Payments Forecast 2012-2017: Mobile and Alternative Payments are Changing the Game’ (view press release). The post-recessionary economy is far from healed, but the e-commerce market remains on an upward trajectory, according to the report. The US online retail payments market increased from USD 282 billion in 2011 to USD 318 billion this year. Over the next five years, it is expected to increase by GBP 140.5 billion. The report evaluates the changes expected in the industry between 2011 and 2017.
The report evaluates mobile transacting, mobile online retail payment activity, and the dynamics of the online share and transaction growth of credit cards, debit cards, online alternative payments, prepaid cards and gift cards.
It explores the following questions: what are the major trends for domestic e-commerce retail payment transactions; how will traditional online payments vehicles, credit and debit cards fare as new payment options are introduced and changing economic factors influence consumer preference; what factors influence consumer adoption and the use of various payment options for online purchasing; how has consumer receptivity to online purchasing changed over time, and how will it continue to evolve; to what extent has the mobile channel, including mobile phones and tablets, altered consumers’ online shopping behaviour?
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