Tag Archives: eCommerce statistics

12 Mobile Payment Statistics Marketers Should Know

12 Mobile Payment Statistics Marketers Should Know-700

12 Mobile Payment Statistics Marketers Should Know-700With the rise of mobile payment methods like Apple Pay and Venmo, the future of eCommerce seems to be going mobile. Around the world, more businesses and consumers have been favoring the new technology over cash transactions. Here are mobile payment statistics marketers should know.

Between 2010 and 2020, the United States experienced a 50% drop in cash payments. Furthermore, the COVID-19 pandemic has only increased the preference for digital transactions. Keep reading to discover the mobile payment statistics every marketer should know.

Mobile Wallets

Mobile wallets store bank information right on your device, eliminating the need for a physical wallet. To explain, here are a few facts about them.

  • Around two-thirds of mobile wallet users identify convenience as the primary reason for their preference for digital payment.
  • In 2020, roughly 21% of all transitions were made using mobile wallets.
  • By 2026, the size of the mobile wallet market is likely to surpass $80 billion.

QR Codes

During the pandemic, the use of QR codes for transactions skyrocketed. Check out these facts to learn more.

  • In 2020, 1.5 billion individuals used QR codes to make purchases.
  • United States QR code use has risen by 11% since the beginning of the COVID-19 pandemic.
  • By 2025, QR code payments are expected to reach a $2.7 trillion global transaction value.

Apple Pay

Apple Pay is a digital card that makes mobile payments possible. Here are a few statistics that demonstrate its powerful position in the eCommerce industry.

  • In 2020, about one-half of iPhone users activated Apple Pay.
  • Apple Pay is accessible in 60 countries.
  • Over 900,000 apps selling their products and services use Apple Pay for transactions.

Cryptocurrency

In recent years, cryptocurrency and NFTs have gained significant popularity and value around the world. Look through these facts to better understand its influence.

  • More than 75 million people have a blockchain wallet.
  • 10,000 Bitcoin is worth more than $80 million.
  • Globally, more than 15,000 businesses accept Bitcoin for their transactions.

Looking to learn more about mobile payment methods? Take a look at the infographic from CleverTap for all the statistics you should know.

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The Rise of Online Shopping and the Future of eCommerce [Infographic]

The Rise of Online Shopping and the Future of eCommerce-700

The Rise of Online Shopping and the Future of eCommerce-700Online shopping has always been popular. And why wouldn’t it be? Businesses can reach their target market directly, with little to no money or overhead. Social media ads, cookies, and plenty of other platforms have come into play in the past few years. Therefore giving businesses a great idea of who they are trying to sell to. But no matter what, online marketplaces were always facing the competition of consumers that want to see things in person before they buy. But all that changed in early 2020. Let’s look at the future of eCommerce and eCommerce statistics as inflation rises and the market changes.

The Rise of Online Shopping

The onslaught of the COVID-19 pandemic changed the world as we know it. Many people stayed home, losing their jobs or transitioning to remote work life. Kids began to attend school virtually, and in-person shopping quickly fell to the wayside. And so, in order to get the things they need and satisfy their need to shop, many consumers turned to online shopping for everything from eyeglasses and clothing to technology.

Future of eCommerce Statistics

Online shopping has continued to rise throughout the past year, both because of the safety it provides as well as its convenience. Below, the team at WebsiteSetup has gathered over 80 eCommerce statistics you need to know to improve your business and connect to your target audience.

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