How are digital and mobile wallets impacting web store payments, with almost half of payments being made using these methods?

Around 45% of web store payments are made with digital and mobile wallets

Year
2021

The world of ecommerce has seen a massive shift towards digital and mobile payment methods in recent years. According to recent data, around 45% of web store payments are made with digital and mobile wallets. As more and more people turn to online shopping, this trend is only expected to grow.

One reason for the popularity of digital and mobile wallets is the convenience they offer. Rather than having to enter credit card information every time they make a purchase, customers can simply link their wallets to their accounts and make payments with just a few clicks. This can save time and hassle for both customers and merchants.

Another factor driving the growth of digital and mobile wallets is the increasing use of smartphones for shopping. As more people rely on their phones for everything from socializing to banking, it makes sense that they would also turn to their phones for online shopping. Mobile wallets make it easy for shoppers to make purchases from anywhere, at any time.

Of course, there are also concerns around security when it comes to digital and mobile payments. While these payment methods can be convenient, they also come with their own unique risks. Merchants and customers alike must be vigilant to protect against fraud and other types of cybercrime.

Despite these concerns, it seems clear that digital and mobile wallets are here to stay in the world of ecommerce. As more people turn to online shopping and mobile devices for their daily needs, these payment methods offer a convenient and streamlined way to make purchases. For merchants, offering a variety of payment options including digital and mobile wallets is becoming increasingly important in order to meet the needs of their customers.

If you’re a business owner looking to stay ahead of the curve in ecommerce, it’s important to keep up with the latest trends and technologies in payment methods. Platforms like Saleslion.io can help you stay up-to-date and offer the best possible payment options for your customers. So why wait? Book a demo today and see how Saleslion.io can help you grow your ecommerce business.