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

Source
Statista

Topic
Customer Engagement

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.

More 2021 Stats

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A survey conducted by DocuSign found that 75% of companies experienced an increase in customer satisfaction when they implemented digital proposal software.

According to a study by Salesforce, the average B2B deal size has grown by 20% in 2021 compared to 2020. This is likely due to companies increasing their spending as they look for more innovative solutions to solve their challenges.

Over 66% of sales pros report their team will stay remote or work in the office part-time in the future.

82% of B2B decision-makers think sales reps are unprepared

Only 60% of sales reps meet quota

28% of B2B organizations now have hybrid sales roles

49% of teams are using video as part of their sales process.

69% of buyers have accepted cold calls from new providers

According to a research conducted by Salesforce, 61% of sellers say it’s harder to sell virtually.

More Customer Engagement Stats

Americans Spend 36% of their Shopping Budget Online

77% of B2B Buyers Do Their Own Research Before Speaking to Sales

69% of buyers have accepted cold calls from new providers

71% of salespeople are using social selling tools

38% of People will Leave a Website if they find the Layout Unattractive

30% of Online Shoppers are Millennials are are Between 18 and 34 Years Old

40% of all customer interactions will be automated through AI and machine learning by 2023

39% of companies don’t regularly ask customers for feedback about their interactions

41% of companies struggle to quickly follow up with leads

More than Three-Quarters of Online Shoppers Would Like their Orders Shipped the Same Day

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