PUBLISHER: yStats.com | PRODUCT CODE: 1788046
PUBLISHER: yStats.com | PRODUCT CODE: 1788046
Global E-Commerce and Payments Markets Advance Through AI, Digital Wallets, and Cross-Border Trade, yStats.com Reports
Global E-Commerce Continues to Expand
Worldwide retail E-Commerce sales are set to exceed USD 6 trillion in 2024, underscoring ongoing growth in online shopping. Social commerce is becoming a core channel for discovery and purchasing, supported by competitive prices, free shipping, and easy returns. However, high delivery costs and fraud concerns still hinder some transactions.
Digital Payments Gain Momentum
Non-cash transactions are expected to grow globally at a CAGR of +15% through 2028, driven by adoption in both retail and B2B payments. Digital wallets are increasing in popularity for their convenience, while instant payments are securing a greater share. In B2B, virtual cards are emerging as secure, automated options.
AI Becomes Integral to Commerce
By 2025, 77% of employees globally will use AI tools in their daily work, signaling its integration into business operations. In E-Commerce, AI powers personalization, virtual try-ons, and voice-enabled shopping. In payments, it strengthens fraud prevention, improves compliance processes, and optimizes checkout experiences.
Blockchain and Cryptocurrency Advance
In 2023, 65% of consumers expressed interest in paying with cryptocurrencies, showing rising demand for digital currency transactions. Institutional adoption is also growing, with blockchain used for real-time settlement, supply chain transparency, and asset tokenization.
B2B Marketplaces Drive Trade Digitization
Global B2B E-Commerce GMV is forecast to surpass EUR 35 trillion by 2026, supported by innovative marketplaces and integrated payment systems. Sector-specific platforms, AI-enabled procurement, and secure invoicing solutions are streamlining trade and boosting efficiency for global buyers and sellers.