M-commerce fastest growing sales channel in US

As smartphone ownership continues to grow in the U.S. and around the world, consumers are pivoting from shopping on desktop computers to their phones. M-commerce is predicted to overtake desktop purchases globally by 2023, according to Worldpay's 2018 Global Payments Report1. The report found that m-commerce currently accounts for 38 percent of the more than $1.3 trillion in global eCommerce sales. M-commerce is set to grow a staggering 19 percent during the next five years. In 2018, the largest markets in the world for m-commerce are China ($0.75 trillion), U.S. ($0.21 trillion), UK ($63.8 billion), Japan ($34.5 billion) and South Korea ($28.8 billion).