Global B2C E-Commerce Grows at 20% Annually, Boosting the Expansion of Online and Mobile Payment Methods.

Online, June 3, 2013 (Newswire.com) - According to the report, new online and mobile payment methods are being developed by and are increase in acceptance by merchants and consumers, not only for online purchases but also at traditional brick and mortar stores. One of these innovations is Near-Field Communication, which is expected to increase exponentially and account for over half of total mobile payments worldwide by 2017. Hybrid payments combining online and mobile methods are emerging as well: MasterCard already introduced such a solution earlier this year, while Visa entered a partnership with Samsung to encourage development of mobile payments. Meanwhile PayPal surpassed its revenue targets in 2012, more than tripling the value of processed payments. Those innovative developments are taking place worldwide, new payment methods build on the infrastructure and consumer preferences already in place, so regional differences exist.

While the report provides an overview of global growth online and mobile payment and B2C E-Commerce it also provides details of the developments in single countries and regions. For example, among the many findings disclosed in the report is that while North America in terms of total online sales as Internet penetration there increases, online retailer outlets expand, and online payment infrastructure develops, particulary in China and India, adding to the already widespread online shopping in japan and South Korea.

Further developments in Asia include the increasing willingness to use mobile payment methods while online sales grow. In Japan, mass merchant Rakuten.co.jp, Amazon.co.jp, and Nissen.co.jp are leading online shops and the e-money market is dominated by payment providers operated by large retailers, banks and mobile operaters.

For further information see:

http://www.ystats.com/en/reports/preview/.php?reportId=1033