United States E-Commerce Payment Market & Forecast by Payment Method & Category - Renub Research

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United States E-Commerce Payment Market
United States E-Commerce Payment Market
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Report Description and Highlights
The United States is the second-largest
E-Commerce market globally after China in terms
of sales. United States Ecommerce Payment Market
share of total retail sales has steadily been on
the rise with ecommerce penetration hitting 16.0
in 2019. E-commerce continues to drive the retail
landscape in the United States, and consumer
purchasing remains high, and mobile e-commerce
provided new ways to shop for and buy goods and
services. According to Renub Research report,
United States Ecommerce Payment Market is growing
with double-digit growth rate and expected to
reach USD 1,395.47 Billion by the end of
year 2026.
United States E-Commerce Payment Market
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United States E-Commerce Payment Market
Coronavirus Impact on Ecommerce Payment Industry
in U.S.A COVID-19 pandemic is rapidly
accelerating the online transition as consumers
are practising social distancing, and e-commerce
orders for groceries and medical essentials, have
become survival and convenient tool for the
American family. The average daily downloads for
popular digital grocery apps Instacart, Walmart
Grocery, Amazon and Shipt have surged since
January 2020. Cards Dominance in United States
Payment Industry Cards are the dominant online
payment method used for all e-commerce
transactions, and 93 percent of the population
has a bank account in 2019. Bank of America, JP
Morgan bank and others are the ubiquity of credit
and debit cards has made them an enabler of
digital wallets. The United States merchants are
adapting new landscape and merchants accepting
digital wallet payments through popular providers
like PayPal, Google Pay, Amazon Pay, Xerox, Quick
book and Zendesk. As the number of COVID-19 cases
ticks up in the U.S., consumers are going
cashless to avoid potential hygiene issues around
handling banknotes in this pandemic COVID-19.
United States E-Commerce Payment Market
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United States E-Commerce Payment Market
The shifting in the digital landscape and online
transaction dynamics remain keen to drive the
E-commerce payment market in the United States.
At the same time, cybersecurity threats continue
to evolve rapidly and are expected to challenge
the market growth. The segments in the ecommerce
platform in the United States are Travel,
Consumers Electronic, Clothes and Apparel,
Household goods, Health and Beauty, Groceries and
Others. Renub Research report titled United
States E-Commerce Payment Market Forecast, by
Payment Method (Bank Transfer, Card, Digital
Wallets, Cash and Others), Category (Travel,
Consumers Electronic, Clothes and Apparel,
Household goods, Health and Beauty, Groceries and
Others), Digital Wallets (PayPal, Amazon Pay,
Xero and Stripe), Bank (JP Morgan, Bank of
America, Wells Fargo, HSBC Holdings plcs and
Citi Group) studies the United States ecommerce
payment market. This report provides an
all-encompassing analysis of the key growth
drivers and restraining factors, demand, and
their projections for the upcoming years.
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United States E-Commerce Payment Market
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United States E-Commerce Payment Market
By Category Groceries is one of the Top
Segments The report studies the market of the
following Category Travel, Consumers Electronic,
Clothes and Apparel, Household goods, Health and
Beauty, Groceries and Others. In the United
States groceries are one of the top leading
categories, and it is growing due to the rise in
internet penetration, increasing per capita and
disposable income. By Payment method Credit
card is leading the payment method market Based
on the payment method, the Ecommerce payment
market has been broadly segmented into Bank
transfer, Card (Credit and Debit), Digital
Wallets, Cash and Others. Credit card Segment is
leading the market and will continue on top
during the forecast period.
United States E-Commerce Payment Market
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United States E-Commerce Payment Market
Digital Wallet and Bank covered in the report has
been covered from 3 viewpoints Overview
Initiatives Recent Developments
Revenue Digital Wallet covered in this
report     PayPal,     Amazon Pay,   
 Xero      Stripe Category - United States
E-commerce Payment Market     Travel   
 Consumers Electronic    Clothes and
Apparel     Household goods    Health and
Beauty     Groceries    Others
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United States E-Commerce Payment Market
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United States E-Commerce Payment Market
Forecast for United States Ecommerce Payment
Market Share () - By Category (2020 - 2026)
Source Renub Research Analysis Note
These are dummy figures actual data given in the
report
United States E-Commerce Payment Market
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United States E-Commerce Payment Market
Payment Method - United States E-commerce payment
market      Bank Transfer    Card (Credit and
Debit)    Digital Wallets    Cash   
 Others Bank covered in this report      JP
Morgan    Bank of America    Wells Fargo  
 HSBC Holdings plcs     Citi Group
United States E-Commerce Payment Market
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United States E-Commerce Payment Market
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United States E-Commerce Payment Market