PaymentsJournal
No Result
View All Result
SIGN UP
  • Commercial
  • Credit
  • Debit
  • Digital Assets & Crypto
  • Digital Banking
  • Emerging Payments
  • Fraud & Security
  • Merchant
  • Prepaid
PaymentsJournal
  • Commercial
  • Credit
  • Debit
  • Digital Assets & Crypto
  • Digital Banking
  • Emerging Payments
  • Fraud & Security
  • Merchant
  • Prepaid
No Result
View All Result
PaymentsJournal
No Result
View All Result

Consumers Lean on Social Not Just for Purchases, but Search Too

By Rimma Kats
March 8, 2024
in Analysts Coverage, Emerging Payments, Social Commerce
0
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn
eCommerce On Social Media, social commerce, ICICI Bank Social Media Money Transfers, SwayPay online checkout

How Brands Need To Navigate eCommerce On Social Media

Social commerce is reaching new levels as more consumers turn to platforms like Instagram and TikTok for their shopping needs. Recent data reveals that consumers are also relying on social media to discover local stores for in-person shopping.

According to SOCi, Instagram and TikTok have surpassed Google as the top business search platforms, particularly among Gen Z consumers. Instagram leads the way among users ages 18 to 24, while TikTok closely follows, preferred by 62% of younger consumers for search.

However, among older consumers, Google remains the primary search platform, maintaining its status as  “the undisputed search champion.

“A seismic shift is reshaping how consumers find local businesses,” said Damian Rollison, Director of Market Insights at SOCi. “The old guard of search engines is being challenged as younger shoppers turn to Instagram and TikTok for search and discovery. For businesses, a robust presence on these platforms isn’t just beneficial – it’s critical to winning market share with younger consumers.”

Social Shopping

Social commerce is transforming the relationship between businesses and the customer they serve. Unlike other shopping channels, social commerce offers consumers an unprecedented measure of convenience, speed, and security in progressing from interest to purchase.

Social shopping played a significant role this past holiday season, according to data from ESW, which revealed that TikTok has become a top discovery resource across all generations. More than a third expressed plans to use the social channel for their holiday inspirations. ESW also found that younger consumers were more likely to leverage social media than their older cohorts, but interestingly, 16% of respondents ages 40 to 60 said they planned to buy gifts from TikTok, while just half of younger respondents ages 18 to 29 agreed.

0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn
Tags: ESWInstagramSOCiSocial ShoppingTikTok

    Get the Latest News and Insights Delivered Daily

    Subscribe to the PaymentsJournal Newsletter for exclusive insight and data from Javelin Strategy & Research analysts and industry professionals.

    Must Reads

    Accredited Payments Risk Professional

    The Growing Importance of Payments Risk Expertise

    July 6, 2026
    account aggregation

    The Dilemma Facing Financial Institutions: Aggregate or Be Aggregated

    July 2, 2026
    contactless payments

    Wherever There’s Friction, Contactless Payments Can Help

    July 1, 2026
    gift card strategy, gift card trends

    How Cautionary Spending Is Fueling Gift Card Purchases

    June 30, 2026
    Know Your Agent

    Trust but Verify: Security in the Age of Agentic AI

    June 29, 2026
    SoLo CFPB

    How Banks Are Fighting the Scourge of Money Mules

    June 26, 2026
    The Goldilocks Principle and Banking

    Are Banks Fully Unlocking Their Data Gold Mine?

    June 25, 2026
    stablecoin regulation

    The New Settlement Frontier: Bank-Led Stablecoins and the Reordering of Global Capital Flows

    June 24, 2026

    Linkedin-in X-twitter
    • Commercial
    • Credit
    • Debit
    • Digital Assets & Crypto
    • Digital Banking
    • Commercial
    • Credit
    • Debit
    • Digital Assets & Crypto
    • Digital Banking
    • Emerging Payments
    • Fraud & Security
    • Merchant
    • Prepaid
    • Emerging Payments
    • Fraud & Security
    • Merchant
    • Prepaid
    • About Us
    • Advertise With Us
    • Sign Up for Our Newsletter
    • About Us
    • Advertise With Us
    • Sign Up for Our Newsletter

    ©2026 PaymentsJournal.com |  Terms of Use | Privacy Policy

    • Commercial Payments
    • Credit
    • Debit
    • Digital Assets & Crypto
    • Emerging Payments
    • Fraud & Security
    • Merchant
    • Prepaid
    No Result
    View All Result