Alternative Payments Predicted to Increase Share Online

by Erin McCune on September 27, 2007

in Payments News, Research Round Up

According to new research from Javelin Strategy & Research credit card share of online payments is expected to decline from 60% today to 44% in 2012. Debit card usage is expected to remain steady.

In addition to PayPal, Google Checkout, and Bill Me Later literally dozens of companies are competing in the alternative payments space. Each is hoping to deliver the most compelling mix of consumer convenience, real and perceived security, and merchant fees.

Online_alternatives

(graphic courtesy of American Banker)

Online Payments Forecast: Alternatives Payments to Go Mainstream as Consumers Seek Security and Convenience
Javelin Strategy & Research
September 2007

American Banker Coverage

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