In August 2024, PayPal continued to dominate the market for online payment processing technologies worldwide, holding a market share of 45 percent. Coming in second place was Stripe with a market share of approximately 17 percent. This according to a ranking that measured the use of these payment methods on the web domains of companies worldwide. The source, however, does not define from which countries these companies are.
PayPal leads the race
PayPal is a leading global digital payment provider that enables users to make online, mobile, and peer-to-peer payments. It is a popular payment method for digital purchases on e-commerce sites such as eBay and Amazon. In 2020 and 2021, PayPal reported its strongest revenue growth, increasing by over 20 percent year-on-year, largely due to the COVID-19 pandemic. According to Statista's Global Consumer Survey figures, PayPal adoption in 2022 was high in countries like Germany, the United Kingdom, Australia, and Austria.
Future of digital payments
The payments industry is undergoing significant changes due to new regulations and the Fintech revolution. Innovative solutions from Fintech companies are challenging traditional banks and card networks to adapt and remain relevant. To stay significant, they must provide digital payment solutions, personalized customer service, and collaborate with other banks and Fintech companies to create new revenue streams. The focus is on real-time, low-value, high-volume payments for peer-to-peer, e-commerce, and m-commerce (mobile e-commerce).
Most used payment processing technology - including payment gateways and BNPL (buy now, pay later) - on websites worldwide as of August 2024
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
Datanyze. (August 21, 2024). Most used payment processing technology - including payment gateways and BNPL (buy now, pay later) - on websites worldwide as of August 2024 [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/895236/australia-market-share-online-payment-platforms/
Datanyze. "Most used payment processing technology - including payment gateways and BNPL (buy now, pay later) - on websites worldwide as of August 2024." Chart. August 21, 2024. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/895236/australia-market-share-online-payment-platforms/
Datanyze. (2024). Most used payment processing technology - including payment gateways and BNPL (buy now, pay later) - on websites worldwide as of August 2024. Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/895236/australia-market-share-online-payment-platforms/
Datanyze. "Most Used Payment Processing Technology - including Payment Gateways and Bnpl (Buy Now, Pay Later) - on Websites Worldwide as of August 2024." Statista, Statista Inc., 21 Aug 2024, https://www.statista.com/statistics/895236/australia-market-share-online-payment-platforms/
Datanyze, Most used payment processing technology - including payment gateways and BNPL (buy now, pay later) - on websites worldwide as of August 2024 Statista, https://www.statista.com/statistics/895236/australia-market-share-online-payment-platforms/ (last visited November 21, 2024)
Most used payment processing technology - including payment gateways and BNPL (buy now, pay later) - on websites worldwide as of August 2024 [Graph], Datanyze, August 21, 2024. [Online]. Available: https://www.statista.com/statistics/895236/australia-market-share-online-payment-platforms/
