Tuesday, 11 September 2018
In this blog post, we will be introducing the most popular and upcoming payment methods.
Trend 1: Purchasing directly from social platforms
Social commerce is growing three times faster than e-commerce. Social platforms like Instagram and Facebook are becoming like virtual storefronts giving shoppers a glimpse of the products that they carry.
With shoppers who scroll through their socials daily, retailers are looking to make shopping even easier for them by allowing shoppers to purchase directly on the platform without being redirected to the website.
Hence, more retailers will start to integrate social commerce software with their shopping platform to cater to such shopping habits.
Trend 2: One-click payment options
By 2020 the share of purchases through smartphones and tablets will increase to 69%.
With more and more companies coming up with their own mobile wallets, this cashless payment method is becoming increasingly popular.
Trend 4: Paying with cryptocurrency
While cryptocurrency is still not widely accepted, more and more merchants are accepting it as a form of payment. It’s important to stay updated on the cryptocurrency world and prepare to accept it when it reaches a certain level of maturity in the near future.
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Read the other blogposts:
Part 3- Logistics & Supply Chain trends