Breaking News
mCommerce Payments to Rise to $3.1 Trillion in 2025; Boosted by Pandemic Effect on Wallets
A new study from Juniper Research has found that mCommerce payments will reach $3.1 trillion in 2025, from $2.1 trillion in 2020. The research found that the pandemic’s massive boost to digital wallet services in the offline arena with OEM Pay has been a key driver of greater mCommerce usage; accelerating the already rapid transition from offline to online services.
For more insights, download the free whitepaper: Alternative Payments and the Evolving eCommerce Landscape Whitepaper Download.
China and the US: Key Growth Markets
The new research, eCommerce Payments: Emerging Trends, Opportunities & Market Forecasts 2020-2025, found that the two single largest eCommerce markets, China and the US, will see volume growth in smartphone payments for remote goods of 55% and 74% respectively, between 2020 and 2025.
In China, eWallet payments are well established, with eCommerce continuing to grow, as availability and prosperity rise. In the US, OEM Pay wallets and PayPal will be the major beneficiaries of a permanent pandemic-driven shift to online shopping. The research recommends that payment processors prioritise wallet acceptance for the most popular wallets in target countries at both the online and offline point of sale, or risk missing out on this huge opportunity.
Buy Now, Pay Later Payments Rapidly Gaining Traction
Juniper Research anticipates that this uptick in mCommerce will translate into rapid growth of new payment models, such as BNPL (Buy Now, Pay Later). Deploying BNPL via APIs in checkout processes will mean a significant shift away from traditional fee- and APR-based credit card models of consumer financing for online purchases, particularly amongst millennials less convinced of the benefits of credit card ownership. BNPL also offers significant advantages to merchants as a way to increase average basket size, whilst boosting the user experience for shoppers.
Research author Susannah Hampton added ‘It is critical for payment processors to prioritise building technological ecosystems to allow the acceptance of BNPL across all payment methods, or they will be left behind by more digitally-adept providers.’
Download Alternative Payments and the Evolving eCommerce Landscape: https://www.juniperresearch.
Find out more about the eCommerce Payments research: https://www.juniperresearch.
- Latin America’s Payments Evolution is Unlocking Digital Commerce for Millions Read more
- Boku Deepens LATAM Commitment, Readies Merchants for Brazil’s Digital Payments Revolution via Pix Read more
- MAPFRE is the Largest Multinational Insurance Company in Latin America Read more
- African Development Bank Group’s Office of Integrity and Anti-Corruption Partners with Special Investigations Unit to Combat Financial Crime Read more
- The 4th Edition of the Africa Fintech Forum to Shape the Future of Finance in Kenya on October 15 Read more
MAPFRE is the Largest Multinational Insurance Company in Latin America
MAPFRE is the leading multinational insurance group operating in Latin America, with $10.932 billion in premiums, $133 million more than the previous year, and a market share of 5.1%.
African Development Bank Group’s Office of Integrity and Anti-Corruption Partners with Special Investigations Unit to Combat Financial Crime
The African Development Bank’s Office of Integrity and Anti-Corruption (PIAC) (www.AfDB.org) and the Special Investigations Unit (SIU) of South Africa have signed a Memorandum of Understanding establishing a framework for cooperation between the two organizations for information sharing and capacity building.
The 4th Edition of the Africa Fintech Forum to Shape the Future of Finance in Kenya on October 15
The 4th edition of the Africa Fintech Forum will take place on 15th October 2025 at the Pullman, Nairobi, Upper Hill, bringing together leaders, innovators, and policymakers from across the African financial technology ecosystem.
Prove Launches Global Identity Graph to Redefine Digital Trust for 90% of Digital Consumers
Prove, the global leader in digital trust, today announced the launch of the Prove Identity Graph, a foundational layer of Prove’s platform that enables enterprises to verify and recognize customers instantly, securely, and globally.
The Most Financially Excluded Pay More To Buy Stablecoins
With Financial Inclusion Week underway, Orbital – a global payment orchestration platform across stablecoins and traditional payment rails – has released its new Stablecoin Premiums Dashboard* which offers insights into stablecoin market data that reveals that the countries with the highest stablecoin premiums are those with populations that, on average, are more financially excluded.
Sumsub Named a Leader in IDC MarketScape for Worldwide Identity Verification in Financial Services 2025
Sumsub, a global verification and anti-fraud leader, today announced it has been named a Leader in the IDC MarketScape: Worldwide Identity Verification in Financial Services 2025 Vendor Assessment (doc # US52985325, September 2025). The report evaluates identity verification providers based on both current capabilities and long-term strategies, assessing how well vendors meet the needs of financial services organizations now and in the years ahead.
GoCardless Achieves Profitability
Bank payment company GoCardless has recorded its first EBITDA positive quarter on an adjusted basis*, operating in the black in the final three months of FY25 (April to June 2025). The result reflects strong cost discipline and a sustained growth trajectory, positioning the company for long-term financial sustainability.
Latin America’s Payments Evolution is Unlocking Digital Commerce for Millions
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
Boku Deepens LATAM Commitment, Readies Merchants for Brazil’s Digital Payments Revolution via Pix
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
MAPFRE is the Largest Multinational Insurance Company in Latin America
MAPFRE is the leading multinational insurance group operating in Latin America, with $10.932 billion in premiums, $133 million more than the previous year, and a market share of 5.1%.
African Development Bank Group’s Office of Integrity and Anti-Corruption Partners with Special Investigations Unit to Combat Financial Crime
The African Development Bank’s Office of Integrity and Anti-Corruption (PIAC) (www.AfDB.org) and the Special Investigations Unit (SIU) of South Africa have signed a Memorandum of Understanding establishing a framework for cooperation between the two organizations for information sharing and capacity building.
The 4th Edition of the Africa Fintech Forum to Shape the Future of Finance in Kenya on October 15
The 4th edition of the Africa Fintech Forum will take place on 15th October 2025 at the Pullman, Nairobi, Upper Hill, bringing together leaders, innovators, and policymakers from across the African financial technology ecosystem.
EXCLUSIVE: “Zee Whizz! Adapting to a New Banking Generation” – Joud Zaumot, Mambu and Andrzej Szelemetko, GFT Technologies in ‘The Fintech Magazine’
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
Banks Embrace Core Banking Modernisation and Speedboat Strategies
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]