Top 5 Payment Providers Offered by Grocery Online Stores Worldwide 2023

Which eCommerce Platform Dominates the Online Retail Market in 2023 by Market Share?

In the global Grocery eCommerce landscape of 2023, payment provider penetration reveals a clear hierarchy dominated by traditional card services. VISA leads the pack with an impressive 89.2% penetration, closely followed by Mastercard at 88.8%. These high penetration rates underscore the entrenched trust and widespread acceptance of these card providers within the global Grocery market. PayPal holds a significant presence as well, with a penetration rate of 59.4%, highlighting the growing popularity of e-wallets in online transactions. American Express, another prominent card provider, has achieved a penetration of 57.7%, showcasing its strong position in the global Grocery market. Bank transfer/cash in advance, a more traditional payment method, trails with a penetration of 34.9%, indicating its continued relevance among consumers who prefer these payment options. The data from 2023 sheds light on the evolving digital payment landscape within the Grocery eCommerce sector, with traditional card providers maintaining dominance while newer digital methods like e-wallets gain traction, driven by consumer preferences for convenience and security in online transactions.

Main Facts: Dominant Payment Providers in the global Grocery eCommerce Market 2023

• VISA (Cards) and Mastercard (Cards) dominate the global Grocery eCommerce market in 2023 with penetration rates of 89.2% and 88.8% respectively.
• PayPal leads the e-wallet options with a penetration rate of 59.4%, followed by American Express with 57.7% market penetration.
• Bank transfer/cash in advance is also a popular payment method with a penetration rate of 34.9% in the global Grocery eCommerce market in 2023.