Digital Economy Payments: How consumers pay in the digital world
NEW REPORT: Consumer dollars are buying less as spending slows
Consumers are shopping less but spending more when they do so, with the largest increase occurring in retail purchases – which means spelling problems for retailers if inflation continues and consumer spending softens. PYMNTS’ April Digital Economy Payments report examines the shopping behavior of 3,017 US consumers to explore how inflation could affect spending growth.
In the April report
- 42%: Share of grocery sales made with debit cards in March
- 78%: Percentage of consumers who experienced payment card fraud at an online store in March
- 31%: Percentage of consumers who made P2P payments in March
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