Payment cards continue to dominate e-commerce payments in Australia, reveals GlobalData [Yahoo! Finance]
PayPal Holdings, Inc. (PYPL)
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Source: Yahoo! Finance
2023 Financial Services Consumer Survey, conducted by GlobalData, a leading data and analytics company. GlobalData's E-Commerce Analytics reveal that the e-commerce market in Australia grew by 10.3% in 2023 to reach AUD74.9bn ($49.8bn), as an increasing number of consumers shift from offline to online purchases. The e-commerce market is estimated to grow by 9.3% to reach AUD81.9bn ($54.4 bn) in 2024. Kartik Challa, Senior Banking and Payments Analyst at GlobalData, comments: “Australia's e-commerce market is growing at a healthy pace. The rapid adoption of smartphones, growing internet penetration, the availability of secure online payment systems, and the increasing number of online shoppers all supported this growth.” 82% of households made online purchases in 2022 According to Australia Post, 9.4 million households in Australia made an online purchase in 2022, representing 82% of all households. Online sales accounted for 18.1% of total retail sales in Australia in 2022. Me
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PYPL
Earnings
- 4/30/24 - Beat
PYPL
Sec Filings
- 5/2/24 - Form DEFA14A
- 4/30/24 - Form 10-Q
- 4/30/24 - Form 8-K
- PYPL's page on the SEC website