Global Alternative Online Payment Methods 2022

New York, Sept. 08, 2022 (GLOBE NEWSWIRE) — announces the release of the “Global Alternative Online Payment Methods 2022” report –
The global value of digital wallets is now expected to increase from 2022 to reach a value of several trillions of euros in 2026. Other alternative payment methods have also gained momentum, including prepaid cards, BNPL and Bank transfers. The adoption of these alternative payment methods has a strong potential to be useful to online merchants. A survey cited in the report reveals that more than a third of consumers consider accepting digital payments to be a factor influencing their choice of in-store purchase. Additionally, almost half of online merchants who do not yet accept payments via digital wallets are considering doing so, and almost a third of small businesses surveyed also revealed that their acceptance of new payment methods is an area of ​​growth. The acceptance of alternative payment methods, such as mobile and digital wallets, by online businesses in Bulgaria has proven beneficial, with more than half seeing an increase in sales share.

The use of BNPL is increasing

Apart from cryptocurrency and QR code payments, BNPL is another important payment method that continues to increase its presence globally. The number of BNPL users is expected to increase from 2021 to 2026 to reach a value of several billion euros. BNPL’s share of B2C e-commerce payments made is also expected to more than double by 2026, compared to what it was in 2021. In addition, Klarna was the most used BNPL provider by major payment websites. e-commerce, holding a notable market share. BNPL services from March 2022. Klarna’s presence has been growing since 2019, reaching a significant number of users in 2021.

The use of digital wallets has accelerated following the COVID-19 pandemic

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