British people’s favourite payment method for online shopping

British people’s favourite payment method for online shopping

The virus epidemic in 2020 has increased the number of global e-commerce users by 9.5% year-on-year, reaching more than 3.4 billion. And this growth trend will continue in 2021 and will increase by another 10% year-on-year to reach 3.8 billion. In 2020, the scale of European e-commerce reached 707.1 billion euros, a year-on-year increase of 12.7% compared with 2019. Among mainstream European countries, online shoppers in the UK, Belgium, Spain, France and Denmark prefer card payments, with a share of over 50%. But in many other countries, PayPal and local wallets also occupy a considerable percentage of the payment market. […]

Which payment method do Germans and French people use most for online shopping?

Which payment method do Germans and French people use most for online shopping?

Germany E-commerce market size (2020): 62.8 billion euros Number of online shoppers (2020): 61.2 million Online consumption per capita (2020): 947 euros   Germany’s e-commerce market share is second only to the United Kingdom. Consumers are more willing to buy goods on international websites (about 51% of online retail comes from international websites). But unlike the UK, card payments in Germany only account for 13% of the payment market. In Germany, the most popular payment method is bank transfer (accounting for 51% of online payments), of which Giropay and Sofort are prominent. Giropay was established in Germany in 2006 and […]