Today in Data: The Future of Shopping Is Already Here

Today in data, people are changing how they pay for things and why they choose the method they do. Shoppers are using a mix of paper and digital coupons as budgets get stretched even thinner, PayPal is upping its cash-back bonus to unlimited 3% as the space becomes increasingly competitive and SMBs are shifting to virtual card spending through the Torpago platform to cut costs and eliminate some red tape.

Data

3%: Cashback reward for PayPal Cashback credit cardholders

34: Number of categories in which PayPal members shopped in 2021

65%: Share of FinTech corporate card and spend management platform Torpago’s gross spending dedicated to virtual cards

18: Average number of employees working for Torpago’s customers

82%; 70%: Share of Millennials who used digital coupons and paper coupons, respectively, in their last few shopping trips

74%; 60%: Share of Gen Z customers who used digital coupons and paper coupons, respectively, in their last few shopping trips