Tag: digital payment

Consumer Payment Behaviour in Australia

The results of the Reserve Bank’s 2022 Consumer Payments Survey show that consumers continue to shift from using cash to electronic payment methods – a trend that was accelerated by the COVID-19 pandemic and consumers’ preference towards using debit and credit cards and making payments online. Consumers are also increasingly using more convenient payment methods, […]

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Retail merchants of all sizes across all regions of the world adapted to the pandemic by moving more of their sales online

Last year as millions sheltered at home, e-commerce proved crucial to keeping retail sales flowing. Now, as outbreaks begin to subside and mobility returns, e-commerce’s share of total sales has fallen from its 2020 peak, raising questions about the lasting impact of the abrupt shift to e-commerce. Transaction data offer two reasons for optimism that the accelerated uptake in online selling will persist even after the pandemic. […]

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