Based on new regression analysis, based on non-parametric statistics, e-commerce is expected to top $3.6 trillion by 2020. Forecaster RAM Research now predicts global e-commerce will grow at a compound annual growth rate (CAGR) of 20.57%.
The recent introduction of Samsung Pay and Android Pay as well as India and soon to be announced Brazil mobile payments is having a profound impact on mobile payments forecasts. CardData now expects global m-commerce will soar from $390 billion this year to $1071 billion in 2020.
American Express is upping the ante for its Premier Rewards Gold Cardholders with new dining and travel benefits. Now offering double Membership Rewards points at U.S. restaurants and a $100 airline fee credit at one airline for incidental charges such as baggage fees.
Self-serve sales continued to increase as USA Technologies’ (USAT) ePort terminals reports average annual cashless sales are up from $2,719 as of May 2014 to $3,477 as of May 2015 (28%). Consumers are spending, on an average, 32 percent more when they pay with a card versus cash.