Worldpay predicts digital wallets will make up half of e-commerce spend by 2027. | Isaac Heatley posted on the topic | LinkedIn (2024)

Exciting news in e-commerce! Alternative payments surged to nearly 58% of transactions in 2023, led by mobile wallets and digital options. Say goodbye to cash! This shift shows the rising appeal of digital transactions. It's a game-changer for online shopping! Read More: https://lnkd.in/eJii-iEF#Ecommerce #DigitalPayments 🚀💳

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Discover the transformative power of digital wallets in e-commerce! From boosting economies to simplifying cross-border payments, the future is digital.https://lnkd.in/gqQdTPcx#DigitalWallets #EcommerceEvolution #ContactlessPayments #BahaaBlogs

In its 2024 Report, Worldpay projects a global rise in the use of digital wallets, accounting for £203.5bn in UK ecommerce transactions by 2027. More below. #Payments #DigitalWallets #Ecommerce

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What is happening in APAC????FYST's data, collected from 12 countries, highlights the various payment methods used in each country and the importance of merchants accepting locally-used payment methods to increase transaction conversion. Digital wallets, particularly WeChat Pay and Alipay in China, have become the dominant payment method for e-commerce in some markets, making up almost 70% of e-commerce transaction value in the region. The launch of real-time and instant payment systems has benefited both shoppers and sellers.if you want to read more:

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💡 With a 👉push from COVID-19, contactless is now the dominant mode for point-of-sale (POS) payments 💸— over 90% in some countries. Many consumers no longer carry cash.The coming contest 🎉 is between different contactless payment 💸 methods and will be fought across both POS and e-commerce.Interesting outlook 🔎 on the forces shaping payments in Southeast Asia 👇

💡 With a 👉push from COVID-19, contactless is now the dominant mode for point-of-sale (POS) payments 💸— over 90% in some countries. Many consumers no longer carry cash.The coming contest 🎉 is between different contactless payment 💸 methods and will be fought across both POS and e-commerce.Interesting outlook 🔎 on the forces shaping payments in Southeast Asia 👇

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💡 With a 👉push from COVID-19, contactless is now the dominant mode for point-of-sale (POS) payments 💸— over 90% in some countries. Many consumers no longer carry cash.The coming contest 🎉 is between different contactless payment 💸 methods and will be fought across both POS and e-commerce.Interesting outlook 🔎 on the forces shaping payments in Southeast Asia 👇

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💡 With a 👉push from COVID-19, contactless is now the dominant mode for point-of-sale (POS) payments 💸— over 90% in some countries. Many consumers no longer carry cash.The coming contest 🎉 is between different contactless payment 💸 methods and will be fought across both POS and e-commerce.Interesting outlook 🔎 on the forces shaping payments in Southeast Asia 👇

❗The fourth annual “2023 State of Payments Report” is here. 💡This comprehensive survey connected with 4,000 consumers across three continents, uncovering their purchasing preferences in the evolving era of embedded finance and digital financial services.🗝 Key insights include:👉 Trust in digital payments is growing: 72% of mobile wallet users would confidently go wallet-free, a significant leap from 61% in 2022.👉90% of US mobile wallet users found adding cards simpler than expected.👉86% have adopted embedded retailer apps for their purchases, marking a shift towards seamless transactions.👉Despite the digital incline, 77% of US respondents remain loyal to traditional banks as their primary providers.🔎 The report provides a fascinating glimpse into the convergence of traditional and digital-first finance options in consumer behavior. 👇For a detailed understanding of these evolving trends, check out the full report. #StateofPayments #DigitalBanking #FinanceTrends #Finastra

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❗The fourth annual “2023 State of Payments Report” is here. 💡This comprehensive survey connected with 4,000 consumers across three continents, uncovering their purchasing preferences in the evolving era of embedded finance and digital financial services.🗝 Key insights include:👉 Trust in digital payments is growing: 72% of mobile wallet users would confidently go wallet-free, a significant leap from 61% in 2022.👉90% of US mobile wallet users found adding cards simpler than expected.👉86% have adopted embedded retailer apps for their purchases, marking a shift towards seamless transactions.👉Despite the digital incline, 77% of US respondents remain loyal to traditional banks as their primary providers.🔎 The report provides a fascinating glimpse into the convergence of traditional and digital-first finance options in consumer behavior. 👇For a detailed understanding of these evolving trends, check out the full report. #StateofPayments #DigitalBanking #FinanceTrends #Finastra