US-based fintech FIS has released its Worldpay from FIS 2020 Global Payments Report, predicting digital wallets to represent half of global ecommerce sales by 2023.
The report contains an analysis and forecast of consumer payment trends in 40 countries around the world. The report predicts that digital wallets will represent half of global ecommerce sales by 2023, while "Buy Now, Pay Later" (BNPL) methods emerge as the fastest-growing online payment preference over the next five years.
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