DUBLIN, July 04, 2024 (GLOBE NEWSWIRE) — The “State of U.S. Retail Payment Channels: What Rising In-Store, Online, and Social Commerce Sales Mean for Payment Providers” report ResearchAndMarkets.com Recruitment.
Retailers need to adapt to growing changes across retail sales channels. Payment providers can help by optimizing payment methods, boosting conversions, and integrating mobile payments. They can also help social media platforms become players in commerce.
Important questions: What do in-store, online and social commerce retail sales growth trends mean for payment providers?
Key Stats: A March 2024 study found that users are more likely to go outside of a social media platform to purchase a product they found on the platform, rather than completing the transaction within it. That could change as social media companies seek to develop their own commerce platforms, creating new opportunities for payment providers.
Key report highlights:
- 2. Exportable files that are easy to read, analyze and share.
- 3 Charts: Simple display of reliable data for presentations and quick decision making.
Key topics:
- executive summary
- Retail payment channel trends reveal new opportunities for payment providers to serve retailers
- As payment options expand, in-store retail payments are shifting to contactless payments
- Payment providers can help improve the checkout experience in e-commerce, especially mobile commerce.
- Social commerce is the fastest growing retail channel as platforms continue to innovate to capture sales.
- source
- Media Gallery
Graphs in this report
- Purchase-related activity by U.S. social media users in March 2024 (% of respondents)
- US Retail Mobile Commerce Sales, 2024-2028 ($ billion and % of total retail e-commerce sales)
- US Smartphone Mobile Commerce Revenues, 2024-2028 ($ billion, % of Total Retail E-Commerce Revenues)
For more information on this report, please visit: https://www.researchandmarkets.com/r/p52j88
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The current state of retail payment channels in the US
