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Global Alternative Online Payment Methods Analysis 2024: Digital Wallets, BNPL, QR Codes, and Instant Payments Drive Online Purchasing Surge Worldwide

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DUBLIN, Feb. 28, 2024 /PRNewswire/ — The “Global Alternative Online Payment Methods 2024” report has been added to  ResearchAndMarkets.com’s offering.

Accelerated by the pandemic’s impact on cash usage, the global transition to digital means of payment has become a post-pandemic norm. Digital wallets, a frontrunner in this shift, are projected to witness substantial growth, with a transaction value set to surpass EUR 10 trillion by 2028, nearly doubling from 2023.

Notably, countries in the Asia-Pacific region lead the charge in digital payment adoption, with China boasting almost half of adults using digital wallets daily in May 2022 and India’s mobile wallet payment value projected to reach more than EUR 5 billion by 2027.

Real-time payments to witness significant growth globally by 2027

Real-time payments are gaining global popularity as a digital cash replacement. Across the world, the volume of real-time payments in Latin America is expected to almost quadruple by 2027, showcasing a growing preference for this online payment type.

The report also highlights the emergence of innovative payment options such as account-to-account (A2A) payments and BNPL services. A2A payments, utilizing open banking technology, remain in a nascent stage, with a little over 5% of surveyed Europeans claiming regular usage as of September 2022. Meanwhile, globally, around one quarter of respondents favor BNPL as their preferred online payment method, particularly among Gen Z and millennials in North America.

Although new players like Apple have entered the BNPL market with services like Apple Pay Later, mass adoption is anticipated to take time. As online purchasing trends continue to rise globally, consumers increasingly seek frictionless and secure payment options, leading to the expansion of digital wallets, BNPL services, QR code payments, and instant payments.

Questions Covered in the Report:

What is the forecasted transaction value of digital wallets globally by 2028?How does e-wallet use vary in different countries worldwide?How is BNPL adoption projected to develop globally by 2027?How is the number of real-time payment transactions projected to develop in different countries globally by 2027?

Company Coverage:

AffirmAfterpayAppleBancontactCliQFawryGoogleiDEALJoMoPayKlarnaMACHMobile SuicaPayconiqPayPalPixQIWISamsungSofortStatisPayVenmoYapeYoo MoneyZelle

Key Topics Covered:

1. Key Takeaways

2. Global Developments

Preferred Online Payment Methods For E-Commerce Purchases, in % of Adults, June 2022Preferred Payment Method When Shopping Online, in % of Respondents, October 2022Use of Credit Card Stored in a Mobile Wallet For Online Purchases, by Product Category, in % of Online Shoppers, April 2023Use of Digital Wallet For Online Purchases, by Product Category, in % of Online Shoppers, April 2023Use of eCash For Online Purchases, by Product Category, in % of Online Shoppers, April 2023Use of Cryptocurrency For Online Purchases, by Product Category, in % of Online Shoppers, April 2023Use of Pay-By-Instalments Plan For Online Purchases, by Product Category, in % of Online Shoppers, April 2023Breakdown of Online Shoppers’ Feelings Towards Select Alternative Payment Methods At Online Checkout, in % of Online Shoppers, April 2023Value of Contactless Card Transactions, in USD trillion, 2022e & 2027fVirtual Card Transaction Value, in USD trillion, 2022e & 2027fBNPL B2C E-Commerce Sales, in USD billion, 2022e & 2027fNumber of BNPL Users, in millions, 2022e & 2027fValue of Digital Wallet Transactions, in USD trillion, 2023e & 2028fTotal Number of OEM Pay E-Commerce Transactions, in USD billion, Growth in Transactions, in %, & Average Transaction Volume Per OEM Pay User, in USD, 2026fShare of OEM Pay E-Commerce Transactions Stemming From Purchases of Digital Goods, in %, 2026fMost Accessible vs Most Preferred Online Payment Method, in % of Adults, June 2022Share of Consumers Agreeing With the Following Statements Related to Security of Online Payment, in %, April 2023Share of Consumers Agreeing With the Following Statements Related to Digital and Mobile Wallets, in %, April 2023QR Code Payment Transaction Value, in USD billion, 2023e & 2028fCryptocurrency Payment Value, in USD billion, 2020-2025f

3. Asia-Pacific

3.1. Regional

3.2. Advanced Markets
3.2.1. Japan
3.2.2. South Korea
3.2.3. Australia
3.2.4. New Zealand
3.2.5. Singapore

3.3. Emerging Markets
3.3.1. China
3.3.2. Taiwan
3.3.3. Hong Kong
3.3.4. India
3.3.5. Indonesia
3.3.6. Vietnam
3.3.7. Malaysia

4. North America

4.1. Regional
4.2. USA
4.3. Canada

5. Europe

5.1. Regional

Payment Methods That Were Used at Least 5 Times a Month, in % of Respondents, September 2022Breakdown of Number and Value of Online Payments, by Payment Instrument, in % of All Online Payments, June 2022Share of Shoppers Who Use PayPal For Online Payments, by Select Countries, in %, 2022

5.2. UK
5.3. Germany
5.4. France
5.5. Spain
5.6. Italy
5.7. Netherlands
5.8. Sweden
5.9. Belgium
5.10. Austria
5.11. Poland
5.12. Portugal

6. Latin America

6.1. Regional

Share of Alternative Payment Methods Making Up Total B2C E-Commerce Volume, in %, 2022eReal-Time Payments Volume, in billions, 2022 & 2027fReal-Time Payments Share of Total Electronic Payments, in %, 2022 & 2027f

6.2. Brazil
6.3. Mexico
6.4. Argentina
6.5. Colombia
6.6. Chile
6.7. Dominican Republic
6.8. Peru

7. Middle East & Africa

7.1. Regional

Share of Digital Wallets Making Up Total Online Spending, in %, 2023eReal-Time Payments Volume, in billions, 2022 & 2027fReal-Time Payments Share of Total Electronic Payments, in %, 2022 & 2027fBreakdown of Payment Methods Used in B2C E-Commerce, in %, 2025fCAGR of Electronic Payment Methods, in %, 2020-2025f

7.2. UAE
7.3. Saudi Arabia
7.4. Jordan
7.5. South Africa
7.6. Egypt
7.7. Nigeria

For more information about this report visit https://www.researchandmarkets.com/r/72o06t

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

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Bonree Powers Global Digital Finance with Intelligent Observability

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DONGGUAN, China, April 27, 2026 /PRNewswire/ — From March 31 to April 2, 2026, the second Huawei Global Financial EcoWeek, themed “Inspire • Collaborate • Achieve: Reshaping the Future of Finance”, was held in Sanyapo, Dongguan. The event brought together over 400 attendees from Huawei partners across more than 30 countries and regions, including over 60 independent software vendors (ISVs) and over 120 system integrators (SIs) in the financial industry. As global financial data volumes surge, customer demands diversify, and regulatory requirements evolve, financial institutions are accelerating their digital and intelligent transformation. Observability and intelligent operations technologies enable institutions to detect system anomalies in real time, optimise performance, and ensure business continuity, while cross-regional and cross-institution collaboration is becoming a key driver of industry innovation.

At the event, NTT Data signed a partnership agreement with BONREE DATA TECHNOLOGY Co., Ltd. (Bonree), marking the launch of a renewed global financial ecosystem under the “SI Value Growth Plan.” As the first publicly listed company in China’s Application Performance Management (APM) and observability market, Bonree is advancing its globalisation strategy with established operations in Hong Kong SAR, Singapore, and Malaysia. The company has already secured orders worth millions in the Hong Kong and Macau region. Bonree complies with internationally recognised standards, including SOC 2 Type II and CMMI Level 5. Its self-developed LLM-powered observability platform has been selected for Huawei Cloud’s international baseline solution library, reflecting recognition from global cloud ecosystems and supporting its expansion with a “global deployment, local compliance” approach.

Bonree serves over 1,000 leading clients worldwide with system monitoring, performance optimisation, and intelligent operations solutions. Leveraging proprietary unsupervised knowledge graph root cause analysis technology and AI-driven intelligent analytics, Bonree delivers plug-and-play monitoring and fully managed adaptive alerting systems that detect anomalies quickly and accurately with minimal noise. With 56 authorised invention patents and 135 software copyrights, as well as 24/7 global technical support, Bonree maintains an NPS of 79 and a client satisfaction rate of 95%, reflecting its deep overseas market presence and trust among international financial institutions. With these core strengths, Bonree continues to lead in global fintech and digital operations, helping clients ensure business continuity and digital transformation while striving to become a leading global player in APM and observability.

CONTACT: 
Yao Xiaohan
yaoxiaohan@bonree.com 
+8618210189324

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SOURCE BONREE DATA TECHNOLOGY Co., Ltd.

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HZICC: The 2025 Hangzhou Highlights Awards Celebrating Visionaries Elevating the City’s Global Profile

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HANGZHOU, China, April 27, 2026 /PRNewswire/ — What does the world see when it looks at Hangzhou? The Hangzhou & Friends: 2025 Hangzhou Highlights Awards, unveiled on February 4, offered an answer—not through statistics alone, but through the stories of connection that unfolded across the year.

The awards were born from a simple recognition: that a city’s global presence is built not only on grand events, but on the countless moments when people reach across borders. To honor this, the organizers structured the awards into four chapters: Dialogue of Civilizations, Industrial Narratives, Social Innovation, and Moments of the Year, each capturing a different way that Hangzhou touched the world.

Across these categories, moments of quiet resonance stood out. In the realm of cultural dialogue, ten friends from ten nations explored Hangzhou for the first time, their journeys later echoed by the city’s own return visits to Istanbul and Cairo. After the visits, a German photographer’s image of Qiandao Lake’s giant net fishing found its way to the pages of The Times, Hangzhou’s bond with Verona deepened into a year-long romance of music, art, and shared celebration, proving that sister-city ties can bloom into something far richer than ceremony.

On the Liangzhu Day of 2025, the “Liangzhu and the World: Dialogue between Liangzhu Ancient City and Rome Ancient City” was held—one of several moments when the region’s archaeological treasures found new resonance on the global stage. Beyond culture, the awards recognized how Hangzhou’s industries are telling Chinese stories overseas, from Geely’s global development to the rise of cross-border e-commerce that brings Hangzhou products,and the culture behind them directly to international consumers.

Yet there were also countless other people and moments that helped the world know Hangzhou. An international student from Pakistan filmed the city he had come to call home, capturing not just its landmarks but the feeling of belonging. A volunteer from Zimbabwe found himself holding hands with local police and strangers in a human chain at West Lake to maintain traffic order, discovering that being welcomed means being trusted to help. The Hangzhou International Conference Center became a stage for cross-cultural encounter, while Hangzhou’s tech-themed travel routes offered visitors a chance to explore the city’s cutting-edge innovations.

Together, these moments traced a portrait of Hangzhou not as a place that simply welcomes visitors, but as one that listens, shares, and grows, through the people who carry its stories onward.

 

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SOURCE HZICC

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Flagship Tablet to Highlight Huawei Innovative Product Launch in Bangkok

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BANGKOK, April 27, 2026 /PRNewswire/ — Huawei officially announced the “Now Is Your Spark” Innovative Launch Event, due to be held in Bangkok, Thailand on May 7, 2026. This launch event will unveil a comprehensive lineup of flagship tablets, wearables, and smartphones. Empowering daily life with technology and exploring future frontiers through innovation, Huawei aims to inspire every user through intelligent experiences across all scenarios.

As one of the highlights of this launch event, the flagship tablet HUAWEI MatePad Pro Max will make its global debut. The HUAWEI MatePad Pro series has consistently delivered comprehensive experience breakthroughs with best-in-class productivity and creativity. This new device is Huawei’s best tablet yet, with a lightweight design, PC-level productivity, and PaperMatte Display, opening new possibilities for work, creation, and creative expression.

In the wearables sector, the HUAWEI WATCH FIT Series continues to gain widespread recognition from global consumers. By April 2026, shipments have exceeded 24 million units, setting a new benchmark in the fashion sports smartwatch market. The series offers a lightweight, comfortable wearing experience while providing professional sports guidance and health management features. At the Huawei Innovative Launch Event in Bangkok, the all-new HUAWEI WATCH FIT 5 Series will debut. It is set to become the ideal companion for users to express personal style, explore sports enjoyment, and monitor health around the clock. Additionally, this launch will introduce the HUAWEI WATCH GT Runner 2 Racing Legend Edition, specially designed for marathons with its upgraded data analysis capabilities to scientifically support every step of the run. Moreover, Huawei plans to unveil its first jewelry smartwatch designed in partnership with renowned international jewelry designer Francesca Amfitheatrof—the HUAWEI WATCH ULTIMATE DESIGN Spring Edition. Also making a grand return after five years is the next-generation premium kids watch, the HUAWEI WATCH KIDS X1 Series.

In the smartphone segment, HUAWEI nova 15 Max will deliver an upgraded experience for global consumers. Leveraging strengths in imaging technology, battery life, and reliable quality, it is an ideal companion for young people to capture life’s moments and unleash their creativity.

Now Is Your Spark— every individual can light up the world to drive change, and technology serves as the torch to ignite, connect, and amplify this force. By giving passion a voice, inspiration a purpose, and expression a stage, Huawei aims to empower consumers worldwide to write their own stories with innovative technologies.

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