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

Merchants Need to Keep Up With Evolving Consumer Expectations

By Connie Diaz De Teran
June 22, 2023
in Analysts Coverage, Credit, Debit, E-commerce, Merchant
0
0
SHARES
0
VIEWS
Share on LinkedIn
online shopping, Mobile shopping for millennials

Consumers continue to shop, albeit more conservatively, in spite of cost-of-living increases. Worldline, in partnership with Retail X, released a report, “Expectations of Online Shoppers: Today, Tomorrow, and Beyond,” which dives into how consumer demand is evolving and how businesses can keep up.  

Key Findings  

The study surveyed 1,000 consumers in France, Belgium, Portugal, Spain, the UK, and the Netherlands. For the most part, the data found that customers are price sensitive, with 56% of respondents saying they were making fewer purchases. And when shopping, many said their main focus was on value. In Portugal, more than 50% of respondents noted using more coupons and discounts than before.  

Because value and price sensitivity is at the forefront of spending, shoppers have looked to cross-border commerce. According to Worldline, roughly half of respondents surveyed said they shop outside of their own markets, at least several times a year. This shopping behavior was seen mostly in Portugal and the Netherlands .  

Millennials were most likely to engage in international shopping compared to their older and younger co-horts. Nearly three-quarters (71%) of respondents in this demographic said they shop internationally several times a year, compared to 60% of Gen Z who agreed.  

Convenience was also top-of-mind for many consumers. Nearly a third of respondents said that mobile payments have made it easier to keep track of their spending.  

Online Shopping Trends In The U.S. 

In the U.S., convenience is also the driving force behind online shopping. According to separate data from Adtaxi’s Annual E-Commerce Survey, 79% of U.S. consumers cited convenience as the reason for shopping online. That’s because it offers them a lot of flexibility, including being able to compare prices, look at consumer reviews, and find coupons, which is not often easy to do when shopping in-store . 

Similar to Worldline’s findings, Adtaxi also revealed that many consumers rely on mobile for their online shopping needs. Some 78% of respondents said they used their mobile device when making online purchases.  

0
SHARES
0
VIEWS
Share on LinkedIn
Tags: ConsumersCost-of-LivingCross-BorderMerchantsMobile PaymentsWorldline

    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

    hardware-bound payment card authentication

    Why Authentication Is a Revenue Strategy, Not Just a Fraud Control

    October 29, 2026
    credit union small business banking

    How Credit Unions Can Win Over Small Businesses

    October 28, 2026
    global stablecoin adoption

    A Global View: Why Stablecoins Look Different in Every Market

    October 27, 2026
    stripe stablecoin

    Stablecoins and the Threat to Traditional Bank Deposits

    October 26, 2026
    global cross-border payment infrastructure

    A New Payment Rail Is Not a Global Payment Solution

    October 23, 2026
    stablecoins in banking

    As Stablecoins Mature, Financial Institutions Face a Crossroads

    October 22, 2026

    Automation to Accountability: Governing AI in Fraud and Disputes 

    October 21, 2026
    google solana agentic

    Agentic Commerce Is Still Hype Ahead of Reality

    October 20, 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