The Disruptive Impact of eCommerce Payments
eCommerce is a major engine of the world’s economy. It experienced an economic upshift in the year 2020 as a consequence of the economic slowdown that accompanied the global health crisis of COVID-19. At the same time, the continued digitisation of commercial and consumer transactions contributed to even greater upward momentum than expected.
Omnichannel as a Key Driver of eCommerce Growth
While the growth of eCommerce has slowed since the explosive growth period of the 2000s, the overall volume and value of eCommerce purchases continues to climb, particularly spurred on by the pandemic. Aside from the significant impact of the COVID-19 pandemic, there are several other drivers supporting this growth. Growth over the next five years will be driven by retailers offering compelling omnichannel retail experiences that increase user eCommerce spend. Omnichannel retail is a model that provides end users with the ability to access retail services, including sales and customer support, via multiple channels.
Customer-centric Models Leading eCommerce Developments
The modern customer expects transactions to be quick, seamless and personalised. The simplicity and convenience offered by eCommerce has permanently altered consumer behaviour, and this has extended quickly to the payments market as well. Consequently, the segment has undergone drastic changes in the past few years and will continue to undergo further changes. Payment companies have been increasingly capitalising on the power of big data, analytics and the cloud to create customer-centric models.
Under this increasingly digital model, payments have now become a ‘commodity’, with consumers embracing models that offer greater value. A combination of consumer demand, emerging technologies, market competition and regulatory push has boosted the digital payments segment significantly and meant that merchants have had to up their game when it comes to their payment offerings.
The Impact of COVID-19
Although the growth of eCommerce has slowed since the explosive growth period of the 2000s, the overall volume and value of eCommerce purchases continues to climb. The COVID-19 pandemic has served to accelerate what was already a rapid shift toward the digitisation of payments and a significant change in consumer shopping behaviour, with increased bulk buying and panic buying at the outset, and a shift towards online purchases, driven by nationwide lockdowns. Retailers have had to accelerate plans for creating and refining their online presence, as well as having to integrate their brand and checkout in an effective way. The COVID-19 pandemic has meant that eCommerce suddenly became a prominent requirement for many retailers, and has shown how quickly some SMBs have been able to pivot to accommodate new ways of operating to keep staff and customers safe and reduce contact.
► eCommerce Payments Market Research
Our latest research found:
- The value of global eCommerce payment transactions will exceed $7.5 trillion by 2026, from $4.9 trillion in 2021.
- This growth rate of 55% over the next five years will be driven by retailers offering compelling omnichannel retail experiences that increase user eCommerce spend.
- By 2026, China will account for over 37% of global eCommerce payments by transaction value, owing to its established and extensive eCommerce and payments landscape that provides greater convenience for users via easily accessible alternative payment methods..
- Physical goods will account for 82% of the global eCommerce payments transaction value by 2026. It urges payment providers to support BNPL.
Latest research, whitepapers & press releases
-
ReportJuly 2026Fintech & PaymentsPOS Market: 2026-2031Our Point of Sale (POS) Market research suite provides detailed and insightful analysis of this evolving market; enabling stakeholders - from POS hardware manufacturers, payment infrastructure providers, software developers, and hospitality and retail vendors - to understand future growth, key trends, and the competitive environment.
VIEW -
ReportJuly 2026Fintech & PaymentsDigital Travel Credential Market: 2026-2035Our Digital Travel Credential Market research suite provides detailed analysis of this rapidly changing market; allowing digital travel credential solution providers, regulatory bodies, border control authorities, airlines, and airport operators to gain a comprehensive understanding of key digital travel trends, implementation challenges, future growth opportunities, and the competitive environment.
VIEW -
ReportJuly 2026Fintech & PaymentsNetwork Tokenisation Market: 2026-2031Our Network Tokenisation research suite provides a comprehensive and in-depth analysis of the ecosystem surrounding network tokenisation, enabling stakeholders such as merchants, payment gateways, token service providers and token requestors to understand future growth, key trends and the competitive environment.
VIEW -
ReportJuly 2026Telecoms & ConnectivitySponsored Roaming Competitor Leaderboard: 2026Our Sponsored Roaming Competitor Leaderboard 2026 delivers competitor benchmarking and analysis of 14 leading sponsored roaming vendors.
VIEW -
ReportJune 2026Telecoms & ConnectivityRAN Vendors Competitor Leaderboard: 2026Our Radio Access Network (RAN) Vendor Competitor Leaderboard provides insightful analysis of a market that is experiencing significant change currently, and will continue to do so over the next five years.
VIEW -
ReportJune 2026Fintech & PaymentsChargeback Management Market: 2026-2031Our Chargeback Management research suite provides detailed analysis of this fast-changing market; allowing chargeback management providers to gain an understanding of key payment trends and challenges, potential growth opportunities, and the competitive environment.
VIEW
-
WhitepaperJuly 2026Fintech & PaymentsBeyond the Boarding Pass: The Digital Travel Credential Paradigm
Our complimentary whitepaper, Beyond the Boarding Pass: The Digital Travel Credential Paradigm, examines the rapidly evolving state of the digital travel credential market.
VIEW -
WhitepaperJuly 2026Fintech & PaymentsThe Top Three Drivers of Network Tokenisation Adoption
Our complimentary whitepaper, The Top Three Drivers of Network Tokenisation Adoption, examines the state of the network tokenisation market; considering its impact on different payment modalities, how it is shaping the modern payments landscape through safer, more secure payments, and how it could unlock the potential of agentic commerce.
VIEW -
WhitepaperJune 2026Fintech & PaymentsMoney20/20 Europe 2026 Key Takeaways: What You Need to Know Post-event
Money 20/20 Europe once again brought together people from across the fintech, payments and identity ecosystems; creating three days of discussions, announcements and networking.
VIEW -
WhitepaperJune 2026Fintech & PaymentsChargeback Management: The Fightback Against Friendly Fraud
Our complimentary whitepaper, Chargeback Management: The Fightback Against Friendly Fraud, examines the growing impact of friendly fraud on the chargeback management space, as well as how chargeback management tools are mitigating this threat.
VIEW -
WhitepaperJune 2026Telecoms & ConnectivityAgentic and Conversational AI: Streamlining Revenue Opportunities
Our complimentary whitepaper, Agentic and Conversational AI: Streamlining Revenue Opportunities, explores the challenges and opportunities for operators and enterprises as conversational AI becomes more embedded in the consumer experience.
VIEW -
WhitepaperJune 2026Telecoms & ConnectivityNo Tower? No Problem: How Direct to Cell is Rewriting the Rules of Connectivity
Our complimentary whitepaper explores consumer demand for direct to cell services and provides strategic recommendations for how MNOs can optimise these services.
VIEW
-
Fintech & Payments
Digital Travel Credentials: 1.2 Billion Passengers to Adopt DTCs Globally by 2035, Fuelled by Passenger Demand for Seamless Journeys
July 2026 -
Fintech & Payments
Network Tokenisation to Secure 2.4 Trillion Global Transactions Between 2026 and 2030 – Representing 86% of Applicable Transactions
July 2026 -
Telecoms & Connectivity
Juniper Research Identifies BICS, Telna, and Vodafone Procure & Connect as Leaders in the Sponsored Roaming Market
July 2026 -
Fintech & Payments
Digital Identity Verification Checks to Reach 175 Billion Globally by 2030, with Biometric Verification the Fastest-growing Modality
July 2026 -
Fintech & Payments
Agentic Commerce to Reach 1.3 Billion Users Globally by 2031, as Card Infrastructure Leads the Way
June 2026 -
Fintech & Payments
Juniper Research Unveils Fintech & Payments Awards Winners for 2026
June 2026