Shopping Online? You’re Probably Using PayPal
If you’re shopping online these days, chances are you’re using PayPal at checkout. Statista’s Global Consumer Survey found that 37% of US respondents said they used the service at least once in the last 12 months. After PayPal came its subsidiary Venmo, which was used by only 15% of the survey respondents.
These results correspond with what ThirdPartyTrust found in its survey covering which mobile payment options were the most popular: PayPal came first, for 97% of those respondents, and another 50% said Venmo.
In a three-way tie were Google Pay, Apple Pay, and Amazon Pay, which are each used by 12% of the respondents. Considering the landscape for mobile payment apps, it makes sense that options for iPhone and Android users would be split down the middle.
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Something to watch in the coming years is the proliferation of buy now, pay later (BNPL) options. Apps such as Afterpay and Klarna hovered around 5% and 4%, respectively, according to Statista’s data, but BNPL is becoming a hot segment these days. A recent survey conducted by ConsumerAffairs.com found that 8 out of 10 respondents had used BNPL schemes for the first time in the past year, and 60% thought positively about the option being available to them. Given the growing popularity of this payment method, it’s no wonder Apple is introducing Apple Pay Later in iOS 16.
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