PYMNTS-MonitorEdge-May-2024

Today in Data: The Rise of Digital Consumers

eCommerce

Today in data, research shows the number of consumers making online food and retail purchases is growing each month.

Data

19M: Increase in the number of consumers who banked, shopped and paid bills online in May

43%: Share of U.S. consumers who shopped online in April, a 3% increase from the prior two months

15%: Portion of consumers who use at least three payment methods, including nontraditional methods, such as digital wallets, cryptocurrency or buy now, pay later (BNPL)

6 in 10: Share of online shoppers who said they are likely to use BNPL in the next six months

¾: Portion of banking customers who use their bank’s mobile app at least once a week

PYMNTS-MonitorEdge-May-2024