Digital and mobile wallets are the preferred payment method for online shoppers worldwide. 44.5% of online shoppers pay using this method (WorldPay Jobs, 2020). Following in second place are credit cards, and debit cards as the third most popular online payment method.
Digital and mobile wallets, also known as eWallets, are electronic devices or online services that enable electronic transactions. This includes online payments as well as in-person purchases. Some well-known eWallets include Apple Pay, Samsung Pay, Google Pay, and PayPal.
If you have an online store, or plan to open an e-commerce store, it is important for you to use your payment gateway . You need to always ensure that you provide your customers with a safe and easy checkout experience.
In addition to this, you should also keep in mind the location of your target users. This way, you can ensure that the online payment methods your store allows are ones they know and are familiar with.
Impact of Coronavirus on Shopping Behavior
One of the biggest changes in shopping behavior this year has undoubtedly come from the impact of the coronavirus.
There has been a surge in consumers Architects Email List shopping online, especially for groceries, as countries around the world imposed strict lockdown measures to limit the spread of the virus.
According to a recent study, in March 2020, 42% of Americans shopped for groceries online at least once a week. This is a marked increase from 22% two years ago. Daily online grocery sales also doubled.
But It’s Not Just a Temporary Push
It also creates a way of thinking. More than half of online grocery patrons say they are now more likely to continue shopping online, even after the pandemic.
Experts say this is an “inflection point” in the trend of online grocery shopping, with Amazon likely to be the biggest beneficiary. Amazon is the most popular CNB Directory platform for these shoppers, with six in 10 shopping at the e-commerce giant’s online grocery store. In fact, demand has grown so much that grocery orders on Amazon have increased by as much as 50 times.
