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Consumers Turn To eCommerce Marketplaces Debit Cards

Consumers Turn To eCommerce Marketplaces, Debit Cards

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PYMNTS.com
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https://www.pymnts.com/today-in-data/2021/consumers-turn-to-ecommerce-marketplaces-debit-cards/
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PYMNTS
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Chinese eCommerce company Alibaba said it plans to look for growth in new global markets after finishing a blockbuster year. And in payment methods, the pandemic is showing the unique and evolving payment preferences of different generations. To that end, millennials and Gen Z members are seeking frictionless debit-based mobile experiences. All this, Today in Data.

Today in Data

Data:

925M: Alibaba’s mobile monthly active users (MAUs) in March 2021.

$580B: Alibaba’s approximate market cap as of May 13.

51%: Share of Gen Z consumers who used debit to purchase holiday gifts last year.

37%: Alibaba’s Q4 cloud computing revenue growth.

28%: Portion of consumers who have used debit more since the pandemic began.

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May 14, 2021 at 04:00PM
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