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Mobile payments driving retail e-commerce sales worldwide

In 2017, retail e-commerce sales worldwide reached $2.304 trillion, a 24.8% increase over the previous year. Mobile payments were a key factor, as m-commerce sales totalled $1.357 trillion, making up 58.9% of digital sales—a large jump in share from 40.2% in 2015 according to , eMarketer estimates.

Retail mobile commerce salesA majority of first-time digital buyers are now completing transactions via mobile devices, specifically smartphones. And as this audience becomes digitally mature – moving from browsing to buying – their purchase frequency and amount spent online will only increase.

And m-commerce purchases are becoming more frequent, as mobile basket sizes and average spending grew in 2017. Each region had notable growth in mobile’s share of e-commerce. In Asia-Pacific, the proportion grew from 70.3% in 2016 to 76.1% in 2017. In Western Europe – where tablets play a role in several countries – it jumped from 31.3% to 35.4% over the same period.

In terms of total retail sales worldwide, m-commerce accounted for 6.0% last year. eMarketer expects that by 2021, that share will double to 12.7%, due to continued m-commerce growth, especially in Asia-Pacific.

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