The following is the 2021 global payment report From FIS recommended by recordtrend.com. And this article belongs to the classification: research report, mobile payment , Online payment.
According to the report data, China has become the largest e-commerce market in the world. It is estimated that by 2024, the total value of e-commerce market will reach US $3.17 trillion.
The report shows that the epidemic has accelerated the development trend of global e-commerce, which has accelerated the decline of cash utilization rate in China and other markets.
China’s mobile consumption has driven the tide of online shopping. It is estimated that the annual growth rate of mobile transaction volume will reach 16% by 2024, while the annual growth rate of computer transaction volume will be 11% in the same period. In 2020, the market value of China’s mobile e-commerce market has reached US $1.18 trillion, more than three times that of the second largest market, the United States.
The report shows that the size of the UK e-commerce market will reach 192 billion pounds in 2020, an increase of 13% over 2019.
The agency also predicts that by 2024, more than 20% of shopping in the UK will be done online, with online consumption reaching 264bn. By 2024, 40% of online shopping in the UK is expected to be done through mobile phones.
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