March 7, 2015
Not all countries have credit cards as the predominant payment method when paying for goods and services online. Payment methods can be quite diverse from country to country. The infographic below displays the different online payment methods of 29 countries around the world.
The infographic has been developed as a joint effort by Expert Market, Adyen and Tony Nguyen and Mihaly Orodan from MVF Global. The data for the infographic has been compiled by Adyen who has processed over $25 Billion in payment transactions in 2014 alone.
Payment methods online can be based on the preferences and payment infrastructure of that country. Online businesses looking to enter different e-commerce markets around the world will find it beneficial to have the capabilities to support as many of the relevant payment methods as possible. The ability to make the transaction process as easy as possible for customers can help optimize revenues online.
The infographic below displays the mix of online payment methods in different countries around the world: