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Mastercard Report Highlights Major Ecommerce Shift


But with retail foot traffic increasing, retailers may want to reevaluate their online and offline strategies.
Insider Intelligence publishes hundreds of insights, charts, and forecasts on the Payments & Commerce industry. Learn more about becoming a client.
Mastercard s Recovery Insights 
report highlighted the scale of the pandemic-driven digital shift in 2020 as well as what to expect going forward.
Mastercard highlights major ecommerce shift.
Insider Intelligence
Here are the big takeaways:
Global consumers increased online spending by $900 billion in 2020. This translates to ecommerce making up $1 for every $5 spent on retail in 2020, compared with $1 for every $7 in 2019. The surge in ecommerce spending was driven by pandemic-induced ....

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