Mobile devices will be used with almost £1 in every £7 spent in British shops by 2024, according to new research from Barclays.
A 14 per cent fall in the use of cash means the method of payment now stands at its lowest level on record as online and contactless payments soar.
New research from e-commerce giant eBay has shed new light on the way consumers interact with multichannel retailing brands – with a third of those surveyed using both online and offline sales channels in their purchase journey. A survey conducted in the UK and Germany found that 31 per cent of consumers visited a store before buying online, while 34 per cent research a product online before making a purchase in store.
Online spending in December is expected to pass the £10 billion mark for the first time, rising 15 per cent on last year’s results.
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