Thread by @MillennialMacro

Meanwhile, #US #e-commerce sales, per Mastercard SpendingPulse, were up 92.7 percent in May, underscoring the broader shift to #digital in how we work, live and shop.
webwire.com/ViewPressRel.a…

#ecommerce #digital
According to Mastercard SpendingPulse, more money was spent online in the #US between April and May than the last 12 Cyber Mondays combined.

#ecommerce #digital #ausbiz #ausecon
Of those aged between 22 and 35, only 36 per cent have a credit card, down from 59 per cent in 2002, and only 14 per cent pay in cash.
afr.com/companies/fina…

Amazon tops the list with 38.0% of all #US #ecommerce sales share, followed by Walmart with 5.8%, and eBay EBAY with 4.5%. Apple (3.5%) and Home Depot (1.9%) round out the top five.
marketwatch.com/story/walmart-…

In addition to an 18% increase in growth, #US #ecommerce will reach 14.5%of total retail sales in 2020, the biggest share increase in a single year. eMarketer predicts ecommerce sales will reach $765.17 billion in 2021 and $859.28 billion in 2022.
alistdaily.com/digital/emarke…

#China
Consumers will spend $2.090 trillion on retail #ecommerce this year, an increase of 16%. That is 7.7% less than our pre-pandemic forecast but still hundreds of billions of dollars in additional spending compared with 2019.
emarketer.com/content/china-…

For #ecommerce, #China’s dominance means that 62.6% of all digital sales will take place in Asia-Pacific. North America and Western Europe are distant trailers, at 19.1% and 12.7%.
emarketer.com/content/global…

#ecommerce
Globally, almost seven in 10 consumers say the shift to #digital payments will likely be permanent, and nearly half of consumers plan to use cash less, even after the pandemic subsides, according to a Mastercard weekly survey launched April 27.
miragenews.com/mastercard-res…

“The current situation has materially accelerated a shift to online lifestyles that is broad, deep and irreversible. With consumers fully embracing #ecommerce, businesses are seen to be pushing boundaries and accelerating their #digital presence.”
cmo.com.au/article/680413…

#digital #ecommerce
The transaction value of global mobile #payments market was USD 3714.5 billion in 2019, and it is expected to reach a value of USD 12,407.5 billion by 2025, registering a CAGR of 23.8% over the forecast period 2020 - 2025.
mordorintelligence.com/industry-repor…

#ecommerce
Total transaction value is expected to show an annual growth rate (CAGR 2020-2024) of 17.0% resulting in a projected total amount of US$8.2 trillion by 2024.
statista.com/outlook/296/10…

#ecommerce
The market's largest segment is #Digital #Commerce with a projected total transaction value of US$2,926,743m in 2020.
statista.com/outlook/296/10…

#ecommerce
Two out of three urban consumers in ASEAN rank convenience as one of their top three criteria for purchases, according to a Bain survey. Also, two out of three consumers are willing to give up data privacy for convenience.
weforum.org/agenda/2020/06…

#Europe’s #technology sector, meanwhile, now accounts for a bigger share of the regional Stoxx 600 benchmark than energy. Healthcare, another big recipient of R&D spend, has a weighting of 17%, more than double that of banks.
ft.com/content/0cbf46…

#ecommerce
Unsurprisingly, the sheer volume of #digital #payments has continued to grow at a double-digit pace, now surpassing the $4.1 trillion mark.

https://twitter.com/LibrariumViews/status/1277850317569298433?s=20

#ecommerce #digital #payments
The big winners from this, according to Barclays, will be Cardtronics, Fidelity National Information Services, Global Payments, Mastercard, Network International, J Nexi, PayPal, Square and Visa.
afr.com/chanticleer/ca…

#ecommerce #digital #payments

https://twitter.com/trevornoren/status/1279073106162708481?s=20

#ecommerce #digital #payments #China
Pinduoduo does not hold stock in warehouses, it simply connects buyers and sellers, takes a small commission on sales and charges merchants to boost the visibility of their products on its app.
ft.com/content/cf0a3b…