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With over 377 million users, PayPal oversaw nearly $1 trillion in payment volume in 2020 - according to Forbes Magazine. This paymentprocessing system gives businesses the opportunity to expand their mobile sales tremendously. What Is Mobile Express Checkout? Drive Conversions & Mobile Sales.
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Consumers spent nearly 8 hours online per day – up over an hour from the year before and 90 minutes from 2018. Consumer electronics are projected to bring in over $79 million in ecommerce sales in 2022, a 7% increase over 2021. Contactless payments grew 37% YoY in Q2 2021 to account for 45% of global in-person transactions.
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