The inexorable rise of eCommerce has been a trend years in the making – and the smartphone is at the center of eCommerce. The handheld devices help us browse listings, compare prices, pinpoint what we want and, with the click of a digital button, seal the deal. In the latest Remote Payments Report, we take a deep dive into commerce done online, but specifically through the smartphone, where paying online – and increasingly remotely – has gained favor across a broad swathe of consumers.
Data:
73.5 percent: Share of mass merchant retail purchases made remotely.
66.7 percent: Share of consumers earning more than $100,000 who spent between $25 to $499 on their last remote transaction.
22.5 percent: Share of consumers who used a smartphone to complete their last retail purchase.
52.9 percent: Share of bridge millennials who made their last remote purchases using their smartphones.
53.4 percent: Share of consumers who paid with debit cards stored on their wallets.
We’re always on the lookout for opportunities to partner with innovators and disruptors.
Learn More