Too Long; Didn't Read
E-commerce was growing at a steady pace of 4.5% a year around the world before the pandemic. Data shows that 56% of global consumers reported that they had used a new local payment method in the first month of the Pandemic. In 2021, merchants who want to stay competitive and stand out from the crowd in e-commerce's new standard must support more than only card transactions. New research suggests that 42% of US consumers will abandon their shopping carts if their preferred payment method isn't available at the checkout step.