Digital Economy Payments: How Consumers Pay In The Digital World
NEW REPORT: Consumers’ Dollars Are Buying Less As Spending Slows
Consumers are shopping less but spending more when they do, with the highest increase occurring when making retail purchases — spelling trouble for retailers if inflation continues and consumer spending trends down. The April PYMNTS’ Digital Economy Payments report examines the shopping behaviors of 3,017 U.S. consumers to examine how inflation may be influencing the rise in expenditures.
Inside the April Report
- 42%: Share of grocery sales made using debit cards in March
- 78%: Portion of consumers in March who experienced payment card fraud in an online store
- 31%: Share of consumers who made P2P payments in March
