Report Overview

Key Market Statistics
Market size in 2022: $41.4bn
Market size in 2027: $96.1bn
2022 to 2027 CAGR: 17.33%

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Key Features

  • Sector Dynamics: Analysis of key trends and primary challenges across the online payment fraud space; highlighting the impact of:
    • The COVID-19 pandemic and lasting changes in customer behaviour
    • Identity theft & synthetic identities
    • Open APIs growth
    • The rise of instant payments
    • Alternative payment methods, including cryptocurrencies and BNPL (Buy Now Pay Later)
  • Key Takeaways & Strategic Recommendations: Analysis of key opportunities within fraud detection and prevention, accompanied by key strategic recommendations for stakeholders.
  • Benchmark Industry Forecasts: Including forecasts for online payment fraud in air ticketing, digital banking, digital money transfer, remote digital goods purchases and remote physical goods purchases, as well as for fraud detection & prevention spend. Data is split by our 8 key regions and 60 countries, including:
    • Algeria
    • Argentina
    • Australia
    • Austria
    • Bangladesh
    • Belgium
    • Brazil
    • Canada
    • Chile
    • China
    • Colombia
    • Croatia
    • Czech Republic
    • Denmark
    • Ecuador
    • Egypt
    • Finland
    • France
    • Germany
    • Greece
    • Hong Kong
    • Hungary
    • India
    • Indonesia
    • Ireland
    • Israel
    • Italy
    • Japan
    • Kenya
    • Kuwait
    • Malaysia
    • Mexico
    • Nepal
    • Netherlands
    • New Zealand
    • Nigeria
    • Norway
    • Pakistan
    • Peru
    • Philippines
    • Poland
    • Portugal
    • Qatar
    • Romania
    • Russia
    • Saudi Arabia
    • Singapore
    • South Africa
    • South Korea
    • Spain
    • Sweden
    • Switzerland
    • Thailand
    • Turkey
    • UK
    • Ukraine
    • United Arab Emirates
    • Uruguay
    • US
    • Vietnam
  • Juniper Research Competitor Leaderboard: Key player capability and capacity assessment for 20 online payment fraud prevention vendors, together with our Competitor Leaderboard:
    • Accertify
    • ACI Worldwide
    • Experian
    • Featurespace
    • Feedzai
    • FICO
    • Fiserv
    • GBG
    • IPQualityScore
    • Kount
    • LexisNexis
    • Microsoft
    • NICE Actimize
    • NuData Security
    • Riskified
    • RSA Security
    • SAS
    • Securonix
    • Transunion
    • Worldpay

Key Questions Answered

  1. How much will the online payment fraud detection and prevention market be worth by 2027?
  2. How much will merchants and financial institutions lose to online payment fraud by 2027?
  3. What are the strategies adopted by online payment fraud vendors to adapt to evolving customer expectations and the changing eCommerce ecosystem?
  4. What is the outlook and trends of the online payment fraud market for various key verticals?
  5. Who are the leading vendors in the online payment fraud prevention market?

Companies Referenced

Interviewed: Experian, Kount.
Included in Juniper Research Competitor Leaderboard: Accertify, ACI Worldwide, Experian, Featurespace, Feedzai, FICO, Fiserv, GBG, IPQualityScore, Kount, LexisNexis, Microsoft, NICE Actimize, NuData Security, Riskified, RSA Security, SAS, Securonix, TransUnion, Worldpay.
Mentioned: 4Stop, Acuris, Affirm, AFS (Advanced Financial Solutions), Afterpay, Alipay, Allianz, ALTO, American Express, Apple, Armilar Venture Partners, Association of Banks, AWS (Amazon Web Services), Azul Systems, Bakkt, Bank of Singapore, BehavioSec, Beomska, Betfair, BioCatch, BlueSnap, BNP Paribas, Braintree, Capgemini, Cashplus, Cayan, Chainalysis, Chargebacks911, Chase,, Citi Ventures, CitizenSafe, Cloudera, Cognizant, Coneta, Conexo Ventures,, CredoLab, Credorax,, CyberReason, Data Robot, Datastax, Dell, Deloitte, Delta Air Lines, Dentsu, DoJ (US Department of Justice), eBay, Ekata, Emailage, EMVCo, Entersekt, Entrée Capital, Entrust Datacard, Equifax, Esure, Ethoca, Etisalat, Everis, Eversheds, Evilnum, Eway, Federal Bureau of Investigation, Federal Reserve, Fidelity Management & Research Company, FinExtra, Finicity, Finxact, FireEye, First Data, Fischer, Flashpoint, FreedomPay, FTC, GDS Link, General Atlantic, General Insurance, Google, GPG (Global Payroll Gateway), Guardian Analytics, HMRC, HSBC, IATA, IBM, ID Analytics, ID R&D, Innovalor, In-solutions Global Ltd, Invation, Iovation, iProov, Jack Henry & Associates, JPMorgan, Kaidee, Karlsgate, Kohlberg Kravis Roberts, KPMG, Landsbankinn, Larsen & Toubro Infotech, Laurentian Bank, Lego, LeoVegas, Main Street Insights, MAS (Monetary Authority of Singapore), Mastercard, Microland, MX Technologies Inc, MySQL, NASDAQ, NorthRow, NTT Data, Okta, Omega Venture Partners, Oracle, OTP Bank, PassFort, PayDock, PAYMNTS, Payoneer, PayPal, PCI Pal, PingIdentity, Pitango Venture Capital, Plaid, Playtech, Praxis, Primer, Protiviti, Provenir, PwC, Qumra Capital, Rakuten, Rapyd, Ravelin, Regily, RELX Group, Revelock, RocketFuel Blockchain, Sage, Samsung, Santander, SAP, Sapphire Ventures, Sayari Labs, Scudetto, Sekura, SEON, Shyft Network, Signifyd Inc, Snowflake, Socure, Solarisbank, SONDA, Sparkling Logic, SPhonic, Stuzo, SumUp, Swedbank, Symphony Technology Group, Synectics Solutions, Tata Consultancy Services, TeleSign, Temenos, Thales, The Payers, Threat Fabric, ThreatMetrix, Tink, Trunarrative, USPS (United States Postal Service), Visa, Visualsoft, Vocalink, Volt Bank, Vtex, Wallarm, WeChat, WhatsApp, Whitepages Pro, Wirecard, Zilch, Zip, Zooz.

Data & Interactive Forecast

Juniper Research’s Online Payment Fraud forecast suite includes:
  • Fraud Transaction Value & Volume, Split by Device:
    • Mobile
    • Online
  • Fraud Transaction Value & Volume, Split by eCommerce Segment:
    • Air Ticketing
    • Digital Banking
    • Digital Money Transfer
    • Remote Digital Goods Purchases
    • Remote Physical Goods Purchases
  • Interactive Scenario Tool allowing users to manipulate Juniper Research’s data for 10 different metrics.
  • Access to the full set of forecast data of more than 70 tables and over 32,000 datapoints.

Geographical splits: 60 countries

Harvest: Our online data platform, harvest, contains the very latest market data and is updated throughout the year. This is a fully featured platform enabling clients to better understand key data trends and manipulate charts and tables, overlaying different forecasts within the one chart - using the comparison tool. Empower your business with our market intelligence centre, and get alerted whenever your data is updated.

Interactive Excels (IFxl): Our IFxl tool enables clients to manipulate both forecast data and charts, within an Excel environment, to test their own assumptions using the Interactive Scenario Tool and compare selected markets side by side in customised charts and tables. IFxls greatly increase a clients’ ability to both understand a particular market and to integrate their own views into the model.

Forecast Summary

The cumulative merchant losses to online payment fraud globally between 2023 and 2027 will exceed $343 billion. As a comparison, this equates to over 350% of Apple’s reported net income in the 2021 fiscal year; showing the massive extent of these losses.
  • Online payment fraud losses are partly being driven by fraudster innovation in areas such as account takeover fraud, where a user’s account is hijacked. This is despite the wide employment of identity verification measures.
  • In order to combat rising fraud, fraud prevention vendors must orchestrate the right mix of verification tools, at the most effective point in the customer journey, to best protect users, but that this will require significant capabilities to achieve.
  • Physical goods purchases are the largest single source of losses; accounting for 49% of cumulative online payment fraud losses globally over the next 5 years, growing by 110%. Lax address verification processes in developing markets are a major fraud risk, with fraudsters targeting physical goods specifically, due to their resell potential. As such, merchants must adopt strong anti-fraud measures, including multiple sources of address verification and multi-factor authentication to reduce fraudulent incidents for physical goods merchants.

Online Payment Fraud Full Research Suite


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Research Details

Juniper Research
Nick Maynard
Security & Identity
8 Key Regions - includes North America, Latin America, West Europe, Central & East Europe, Far East & China, Indian Subcontinent, Rest of Asia Pacific and Africa & Middle East
Algeria, Argentina, Australia, Austria, Bangladesh, Belgium, Brazil, Canada, Chile, China, Colombia, Croatia, Czech Republic, Denmark, Ecuador, Egypt, Finland, France, Germany, Greece, Hong Kong, Hungary, India, Indonesia, Ireland, Israel, Italy, Japan, Kenya, South Korea, Kuwait, Malaysia, Mexico, Nepal, Netherlands, New Zealand, Nigeria, Norway, Pakistan, Peru, Philippines, Poland, Portugal, Qatar, Romania, Russian Federation, Saudi Arabia, Singapore, South Africa, Spain, Sweden, Switzerland, Thailand, Turkey, Ukraine, United Arab Emirates, UK, Uruguay, USA, Vietnam

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