Since the dawn of eCommerce and online payments, credit cards have been the dominating payment type used by consumers around the globe. What we are seeing now is a shift toward alternative payment services, where the credit card networks in some cases are sidestepped and excluded from the transaction. As a result of this, alternative payments as a group are forecast to account for close to 60% of the total online transaction value by 2017 – up from 43% in 2012.
Our research covers the main technologies and aims to give a comprehensive overview of this diverse landscape. We will also present our views on key trends and themes in the industry and what implications this might hold for the future.