Shopping Online? You're Probably Using PayPal

pcmag.com:

If you're shopping online these days, chances are you're using PayPal at checkout. Statista's Global Consumer Survey found that 37% of US respondents said they used the service at least once in the last 12 months. After PayPal came its subsidiary Venmo, which was used by only 15% of the survey respondents.

These results correspond with what ThirdPartyTrust found in its survey covering which mobile payment options were the most popular: PayPal came first, for 97% of those respondents, and another 50% said Venmo.

In a three-way tie were Google Pay, Apple Pay, and Amazon Pay, which are each used by 12% of the respondents. Considering the landscape for mobile payment apps, it makes sense that options for iPhone and Android users would be split down the middle.

Something to watch in the coming years is the proliferation of buy now, pay later (BNPL) options. Apps such as Afterpay and Klarna hovered around 5% and 4%, respectively, according to Statista's data, but BNPL is becoming a hot segment these days. A recent survey conducted by ConsumerAffairs.com found that 8 out of 10 respondents had used BNPL schemes for the first time in the past year, and 60% thought positively about the option being available to them. Given the growing popularity of this payment method, it's no wonder Apple is introducing Apple Pay Later in iOS 16.

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