Digital payments are set to overtake the use of credit and debit cards as people's preferred method of making e-commerce transactions, according to a report by the United Nations Conference on Trade and Development (UNCTAD). Published: The report, released today, says that in 2015, digital transactions will account for more than half of all retail sales worldwide, with mobile devices accounting for nearly two-thirds of those transactions. UNCTAD's figures back up other reports that have found increasing numbers of customers are using electronic payments for transactions.
Digital payments are set to overtake the use of credit and debit cards as people's preferred method of making e-commerce transactions, according to a report by the United Nations Conference on Trade and Development (UNCTAD). The report, released today, says that in 2015, digital transactions will account for more than half of all retail sales worldwide, with mobile devices accounting for nearly two-thirds of those transactions. UNCTAD's figures back up other reports that have found increasing numbers of customers are using electronic payments for transactions.