PayPal is relying on trust, choice, ease and fast approvals to streamline the online checkout process. Plus, a dip in department store and electronics purchases in November led to a surprisingly low increase in overall retail sales.
Data:
0.3%: Increase in overall retail sales from October 2021 to November 2021.
18%; 4%: Share of shoppers who make at least one online purchase weekly and daily, respectively.
40%: Share of businesses that are making digital authentication a priority.
$1.2T: PayPal’s payment volume in the past year.
750K: Number of buy now, pay later transactions on PayPal on Black Friday 2021
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