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Retail Payment Channels in the United States: What’s in Store,

Posted on by darion

Dublin, July 4, 2024 (GLOBE NEWSWIRE) — The State of U.S. Retail Payments Channels: What Growth in Store, Online, and Social Media Sales Means for Payment Providers has been added to the Research & Marketing.com offering.

Merchants need to adapt to the changing growth of retail channels. Payment providers can help by optimizing payment methods, increasing conversions, and integrating mobile payments. They can also help social media platforms become commerce players.

Key question: What do retail, online and social media growth trends mean for payment service providers?

Key stats: When buying items they discovered on social media, users are more likely to go off-platform than on-platform, according to a March 2024 study. That could change as social media players look to develop internal marketplaces, opening up new opportunities for payment providers.

Key features of the report:

  • 2 Ability to export files for easy reading, analysis and sharing.
  • 3 charts: Reliable data in a simple form for presentation and quick decision-making.

Main topics:

  • summary
  • Trends in retail payment channels reveal new opportunities for payment providers to serve merchants
  • In-store retail payments are becoming contactless as payment methods become more widely available
  • Payment service providers can help improve the payer experience in e-commerce, especially mobile commerce
  • Social commerce is the fastest growing retail channel as platforms innovate to drive sales
  • Sources
  • Multimedia gallery

Charts in this report

  • Social media users’ purchasing activities in the US, March 2024 (% of respondents)
  • US Retail E-Commerce Sales, 2024-2028 (billions and % of total retail e-commerce sales)
  • US Smartphone E-Commerce Sales, 2024-2028 (Billions and % of Total Retail E-Commerce Sales)

For more information on this report, please visit https://www.researchandmarkets.com/r/p52j88

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ResearchAndMarkets.com is the world’s leading source of international market research reports and market data. We provide the latest data on international and regional markets, key industries, leading companies, new products and the latest trends.

  • The State of U.S. Retail Payment Channels