PayPal heads up thriving alternative payments market

PayPal heads up thriving alternative payments market

E-retail sales will surpass $3.3 trillion this year, up 10% on 2017’s total of $3 trillion, according to Juniper Research.

Alternative payment mechanisms will, meanwhile, comprise an ever increasing proportion of online spend. PayPal already accounts for 20% of mobile and online physical goods transactions made outside China, while the success of Alipay and Weixin Pay within China means that these two players combined now account for 45% of global payment volumes. There is also a significant opportunity for more nascent options, such as the various OEM-Pay solutions and carrier billing, recently adopted by Amazon in Japan for physical goods purchases.

Big hitters back Payworks

Big hitters back Payworks

Amazon rides out Echo Dot cat food controversy

Amazon rides out Echo Dot cat food controversy