France Ecommerce Payment Market will be USD 100 Billion by 2026

According to the latest report by Renub Research, titled “France Ecommerce Payment Market & Forecast, by Category (Clothes, Books, Medicines, Computer, Household Goods, Tickets, Food, Travel, Electronic), Payment Method, Digital Wallets, Bank” France is the most populated country in the European Union, with 65.3 million residents and the second-largest ecommerce market. In the year 2019, in France, the number of an ecommerce website has grown to 16%, adding more online shops than in 2018 as per government data. In France, around 191,700 ecommerce websites include physical stores that have launched online to their brick-mortar stores. Black Friday is known for its online shopping day and is more popular than Christmas in France. As per Renub Research, France Ecommerce Payment Market will be USD 100 Billion by 2026.

France Ecommerce Payment Market will be USD 100 Billion by 2026

French consumers are loyal to their local brands and avoid purchasing across the border in online shopping. Roughly 60 percent of French shoppers make only domestic purchases, according to the Ecommerce Foundation, a Netherlands-based research firm. Besides buying products, France uses e-commerce payment services for travel purposes, buying events, tickets and music subscription. Across the globe, merchants have seen making relatively more profit in trading in French marketplaces. The French population is well – versed and familiar with the use of E-commerce. Around 58 million French uses the internet on their mobile and computer for shopping or any other business purpose.

Surging growth in the French market is due to the high use of the internet, mobile services penetration, and delivery option. Its market is full of opportunity for online as well as brick–mortar stores. Ecommerce now becomes an essential key for trading across France. The online market has shown substantial growth in the E-commerce market because of the one-click payment options. Compared to other categories online fashion industry has reached a considerable size. Now brick and mortar outlets are also shifting towards online payment or digital payment options.

In France, Household Goods, Travel and Holiday accommodation, Books / Magazines / Newspapers, Computer Hardware & Software are other categories changing its way of payment from cash to card or digital payment. This payment method will boom in future as COVID 19 precaution promotes contactless money transfer. The most commonly used payment option by French people in which dominant e-commerce market is a credit card or debit cards. Many restaurants and shop except for card payment because it’s direct account transfer and safe transaction. Digital wallets second most popular and emerging payment method. There are various digital or online payments apps available in the French market, like Cdiscount, PayPal, Showroomprivé, Amazon, Auchan, which are the most popular in France.

Digital wallet provides many discounts and offers to customers in various transactions, making it prevalent among the French population. Amazon is the most used online store with a market share of almost one-fifth of all eCommerce sites. Amazon Pay provides its shopper to use their amazon.com account to make online purchases. With Amazon Pay, the customer can use credit or debit cards stored in their digital wallet.

French people consider bank transfer for high tickets item. This method is mostly used by e-commerce merchant, paying rent or to transfer money on a savings account. Bank transfer was also supported by the Single Euro Payments Area Instant Credit Transfer scheme launched in November 2017. The most trusted banks in France for money transfer are BNP Paribas SA and Credit Agricole. BNP is one of the oldest French international banking groups with loyal and investing customers.

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Market Summary:

Category:- This report covered the markets of following 11 Categories like Clothes and Sports Goods, Books/Magazines/Newspapers, Medicines, Computer Hardware & Software, Household Goods, Tickets for Events, Food/Groceries, Travel and holiday accommodation, Films, and Music, Electronic Equipments , Others.

Payment Method:- Based on Payment Method, this report covers the market segmented into Bank Transfer, Card (Credit and Debit), Digital Wallets, Cash, Others.

Digital Wallet and Bank Covered:- We have covered Digital wallet & Bank have been covered from 3 viewpoints Overview, Initiatives & Recent Developments, Revenue.

Digital Wallet:- This report covers Digital Wallet like PayPal, Amazon Pay, Hipay.

Banks:- We have covered the following bank’s insights like BNP Paribas SA, Credit Agricole.

About the Company:

Renub Research is a Market Research and Consulting Company. We have more than 10 years of experience especially in international Business-to-Business Researches, Surveys and Consulting. We provide a wide range of business research solutions that helps companies in making better business decisions. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. Our wide clientele comprises major players in Healthcare, Travel and Tourism, Food & Beverages, Power & Energy, Information Technology, Telecom & Internet, Chemical, Logistics & Automotive, Consumer Goods & Retail, Building and Construction, & Agriculture. Our clients rely on our market analysis and data to make informed knowledgeable decisions. We are regarded as one of the best providers of knowledge. Our pertinent analysis helps consultants, bankers and executives to make informed and correct decisions.

Our core team is comprised of experienced people holding graduate, postgraduate and PhD degrees in Finance, Marketing, Human Resource, Bio-Technology, Medicine, Information Technology, Environmental Science and many more. Our research helps to make business decisions: on strategy, organization, operations, technology, mergers & acquisitions etc. We support many blue chip companies by providing them with findings and perspectives across a wide range of markets. Our research reports offer a blend of information insight, analysis and forecasting that is essential in today’s ultra-competitive markets.

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France Ecommerce Payment Market & Forecast, by Category

France has Europe’s third-largest e-commerce market, and its sales have been buoyant in recent years. According to a Digital Payments report by Visa, the number of French regularly using a mobile device for payments has tripled since 2015. Instant payment and alternative payment options are on the rise, and it continued gaining popularity across France as consumers turn to more convenient ways to check out. Click-and-collect delivery is a significant feature of the French e-commerce experience. France e-commerce market is expanding, supported by cards & digital payments methods in recent years. According to Renub Research report, France Ecommerce Payment Market will be a USD 100 Billion industry by the end of the year 2026.

France is a relevant European country with one of the World’s most important ecommerce markets. Clothes and Sports goods are the largest online retail sector in France. Notably, the Clothes and Sports goods sector also has the highest return rate of any ecommerce category. Household Goods, Travel and Holiday accommodation, Books / Magazines / Newspapers, Computer Hardware & Software are other categories. Travel and Holiday accommodation payments have seen a decline in 2020 due to COVID – 19 pandemic.

In France, debit and credit cards are the dominant payment method for French e-commerce, accounting for half of the transactions. Digital wallets are emerging as the next most popular method of the market. PayPal, Amazon, Cdiscount, Auchan, Showroomprivé, are the most popular in France. Currently, bank transfer transactions are expanding, making them the fastest-growing additional payment method in France. Bank transfers are also supported by the Single Euro Payments Area Instant Credit Transfer scheme, which was launched in November 2017.

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Amazon is the popular online store with a market share of almost one-fifth of all ecommerce sites. In France E-commerce, click-and-collect options are growing rapidly. In 2018, Amazon announced to install 1,000 Amazon Lockers across train stations in France over the next five years. Cartes Bancaires bank enjoys high visibility in France. It has more than 46,000 ATMs, and the Carte Bleue cards can be integrated with other card issuers’ products.

Renub Research report titled “France Ecommerce Payment Market & Forecast, by Category (Clothes and Sports Goods, Books/Magazines/Newspapers, Medicines, Computer Hardware & Software, Household Goods, Tickets for Events, Food/Groceries, Travel and Holiday Accommodation, Films and Music, Electronic Equipments and Others), Payment Method (Bank Transfer, Card, Digital Wallets, Cash and Others), Digital Wallets (PayPal, Amazon Pay and Hipay), Bank (BNP Paribas SA and Credit Agricole)” studies France ecommerce payment market. This research report provides an all-encompassing analysis of the key growth drivers and challenges, demands and their projections for the upcoming years.

About Company:

Renub Research is a Market Research and Consulting Company. We have more than 10 years of experience especially in international Business-to-Business Researches, Surveys and Consulting. We provide wide range of business research solutions that helps companies in making better business decisions. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. Our wide clientele comprises of major players in Life Sciences, Information Technology, Telecom, Financial Services (Banking, Insurance), Energy, Retail, Manufacturing, Automotive, and Social sector. Our clients rely on our market analysis and data to make informed knowledgeable decisions. We are regarded as one of the best providers of knowledge. Our pertinent analysis helps consultants, bankers and executives to make informed and correct decisions.

Contact Us:
Renub Research
Phone No: +1 678-302-0700 (USA) | +91-120-421-9822 (IND)
Email: info@renub.com
Web: https://www.renub.com
Follow on Linkedin: https://www.linkedin.com/company/renub-research