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 m-commerce fastest


M-commerce fastest growing sales channel in US

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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).