Global e-commerce payments are running a record!

In today’s world, it has become inevitable for many businesses to turn over the internet. Of course, e-commerce is one of them. The coronavirus epidemic, which has recently affected the whole world, has played a major role in the spread of online shopping. Thus, the volume of e-commerce has increased significantly. A report has been published by Juniper Research on the subject.

e-commerce value to exceed $7.5 trillion by 2026

According to the published report, there was a significant increase in e-commerce volume in 2021. So much so that at the end of 2021, the value of money traded in e-commerce exceeded the 4.9 trillion band. According to the analysts who prepared the report, online shopping will grow by 55 percent in the next 5 years and will exceed 7.5 trillion dollars by the end of 2026.

The report shows that a person’s purchase of an omnichannel retail service also increases the desire for an e-commerce experience. In addition, it shows the great interest in e-commerce, where payments at any time and different payment types, which are made easy by banks, increase the customer experience.

The report reveals another fact. Accordingly, in the next 5 years, China will constitute 37 percent of the e-commerce volume. It was also emphasized that China will open up to more global markets than today. In addition, Wix was the highest rated platform in e-commerce in 2021.

The reality of coronavirus has undoubtedly increased the volume of e-commerce. Many people chose this way to avoid contact, both during the quarantine period and in daily life. However, while the epidemic period increased this volume, it also affected the focus of the paid products. In addition, physical products sold will account for 82 percent of the global e-commerce payments transaction value over the next five years, according to the report.

Are you dealing with e-commerce? Do you prefer to buy your products online or not? Please share your views with us in the comments section.