The pandemic has been a time of change in many areas, particularly the rise of eCommerce for all categories of shopping. For example, 15% of consumer purchases are now made via eCommerce compared to 11% prior to the pandemic. PYMNTS’ data shows there have been...
Inflation fears are altering consumer behaviors in interesting ways. Affluent consumers visit stores frequently in search of bargains, and millennials are taking refuge from high grocery prices by leveraging restaurant food’s relative affordability. In addition, millions of consumers took to the open road in July...
Inflation continues to rear its ugly head, but PYMNTS’ data finds that some aspects of consumer spending — such as the share of consumers in the United States spending on travel and average retail product spend — are bouncing back. Also rebounding are payment troubles,...
Consumers’ adoption of new payment methods follows the same pathway to general acceptance as many new products. After launch and initial promotion, word of mouth drives shoppers to check out products that will be successful. These items have their early adopters — the curious individuals...
July 22, 2022
Inflation continues to rear its ugly head, but PYMNTS’ data finds that some aspects of consumer spending — such as the share of consumers in the United States spending on travel and average retail product spend — are bouncing back. Also rebounding are payment troubles, such as payment declines and payment fraud, which can cause […]
June 20, 2022
Consumers’ adoption of new payment methods follows the same pathway to general acceptance as many new products. After launch and initial promotion, word of mouth drives shoppers to check out...
February 03, 2022
How consumers’ shopping and payment behaviors have evolved coming out of the holiday season offers an early — and often accurate — indication of what’s to come in the months...
December 06, 2021
Consumers in the United States spend a collective $555 billion each month buying groceries, food, retail products and travel-related purchases — and the way they pay is changing faster than...
