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According to Mastercard SpendingPulse, more money was spent online in the #US between April and May than the last 12 Cyber Mondays combined.
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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…
marketwatch.com/story/walmart-…
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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.
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emarketer.com/content/global…
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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…
cmo.com.au/article/680413…
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…
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…
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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…
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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.
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Unsurprisingly, the sheer volume of #digital #payments has continued to grow at a double-digit pace, now surpassing the $4.1 trillion mark.
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…
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.
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