The 2021 Payment Methods Report – Latest Trends in Payment Preferences presents a comprehensive overview of payment methods for 2021, as well as best practices for optimizing payments and converting customers by addressing digital transformation, security and localization.
Additionally, beyond these key aspects of reach, conversion and cost, the industry has seen impressive momentum this year, with several mergers, acquisitions and investments in Buy Now, Pay Later (BNPL) and Open companies. Banking Payments. Events such as Visa buying Tink or Klarna valued at USD 31 billion suggest a powerful trading environment to watch.
Highlights of the report:
Latest trends and developments in:
Account-to-account payments: GoCardless, Trustly, CMSPI;
Buy now, pay later: Edgar, Dunn & Company, AfterPay, Atom, Forrester, The Strawhecker Group (TSG);
Mobile payments: Juniper Research, BLIK – Polish Payments Standard, Huawei, Merchant Risk Council, Rappi, Ant Group, Euromonitor;
Direct carrier billing: Docomo;
Payment cards: Steve Cook (Head of Global Business Development – ID R&D), US Payments Forum;
Debit: Edgar, Dunn and company;
Cryptocurrencies and CBDCs: Currency research, Gate.io.
The merchants’ point of view
We asked merchants from various verticals – retail, gaming, streaming media – about the changes they’ve noticed in terms of how their end consumers pay, what steps they’ve taken so far to respond consumer demand and how they see the future of payments driven by Gen Z and Millennials. Seasoned payment managers from Jumia, Kinguin, Mango, TIDAL, Wargaming.netand Wayfair share their expertise to further support peer-to-peer knowledge and provide our readers with in-depth insight into merchant payment strategies.
Payment optimization and customer conversion
Offering the right mix of payouts at checkout is crucial to avoiding abandonment, but there’s more to conversion than just giving customers plenty to choose from. In this section, we discuss three factors of great importance for an optimal online shopping experience:
digital transformation: ACI Worldwide, PPRO, Amadeus Payments, elumeo SE, Payment Operations Group;
location: Boacompra, SafetyPay, Partelya Consulting.
Global Infographic Buy Now Pay Later
We offer an accurate picture of players in this space mapped around the world, from the Americas to EMEA and APAC, as well as some business models for companies such as Klarna, Affirm, Splitit, Uplift, AfterPay, Atom, Fly Now Pay Laterand much more.
Facts and figures
We display the market size for each payment method as well as the latest events surrounding them, such as investments, mergers and acquisitions, product launches, partnerships, and recent infrastructure.
Payment Methods 101
This section explains how payment instruments and methods work and what the different categories are. We basically describe ten categories – debit cards, credit cards, prepaid, e-wallets, A2A payments, direct debit, pay by bill, cash, direct operator billing and cryptocurrencies.
Finally, we display a section on company profiles featuring key players in the global online payments market including PSPs and APMs. Additionally, companies will also be included in our comprehensive company database, giving readers unparalleled access to stakeholders across global industries.
The payment methods report is approved by Merchant Risk Consulting, the leading industry association focused on e-commerce payments and fraud. Our main media partner is Merchant payment ecosystemEurope’s largest conference and exhibition for merchant payment professionals.
Download your free copy and get exclusive insights into how people prefer to pay and what’s driving innovation in reach, conversion and cost of payment methods.