Today in data, people are changing how they pay for things and why they choose the method they do. Shoppers are using a mix of paper and digital coupons as budgets get stretched even thinner, PayPal is upping its cash-back bonus to unlimited 3% as the space becomes increasingly competitive and SMBs are shifting to virtual card spending through the Torpago platform to cut costs and eliminate some red tape.
Data
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3%: Cashback reward for PayPal Cashback credit cardholders
34: Number of categories in which PayPal members shopped in 2021
65%: Share of FinTech corporate card and spend management platform Torpago’s gross spending dedicated to virtual cards
18: Average number of employees working for Torpago’s customers
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82%; 70%: Share of Millennials who used digital coupons and paper coupons, respectively, in their last few shopping trips
74%; 60%: Share of Gen Z customers who used digital coupons and paper coupons, respectively, in their last few shopping trips
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