Global Payment Cards Data and Forecasts to 2021, a highly regarded annual survey of the global payment cards sector, reveals that the value of e-commerce card payments made worldwide grew by 26% during 2015 to reach $2.7 trillion, and represented 12% of all card expenditure.
Key factors driving this impressive growth include:
Advances in security improve confidence
3-D Secure 2.0 is designed to meet the needs of consumers using new technologies such as mobile apps and digital wallets. It will increase risk-based authentication, removing the requirement for a password for the vast majority of transactions. This update should offer further reassurance and convenience to online shoppers.
E-commerce card expenditure to continue its rapid growth