New research from GlobalData shows alternative payment methods such as mobile wallets now account for over half ecommerce transaction value across the Asia-Pacific, reports Finextra. The region's booming online shopping market is predicted to hit US$1.6 trillion this year, and $2.3 trillion in 2022. Alternative payment types, including China's ubiquitous Alipay and the upcoming WeChat Pay, accounted for 51 per cent of transaction value. Payment cards followed at 28 per cent, bank transfers 15 per cent, and cash and cheques limped in at six per cent.