SAN FRANCISCO—A new report shows that PayPal continues to dominate online mobile payments.
The study, from CivicScience, found U.S. adults are fairly evenly split on using mobile payment apps online versus in-store, except with PayPal, where 36% of users use the platform online most often.
That compares with 29% of users who use the app in-store, Insider Intelligence reported.
According to the report, smartphones are driving the expansion of online sales, with purchases from smartphones making up nearly 90% of mcommerce sales. Smartphones will account for close to half of US ecommerce sales by 2027, the study notes.
In Q2 2023, PayPal’s total payment volume rose by 11% to reach $276.5 billion, slightly lower than its 13% growth in Q2 2022, Insider Intelligence added.
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