Entrust Digital Card Issuance

Mobile payment methods are increasing in popularity

Mobile payment methods are increasing in popularity, driven by the explosion of e-commerce since 2020. Global e-commerce revenue has been forecasted to be worth $15.3 trillion by 2023. This growth is aided by the COVID-19 pandemic as consumers are staying home more often and making purchases at different e-commerce stores rather than regular brick-and-mortar retail stores.

These kinds of e-commerce stores are not only restricted to more mainstream merchant segments, such as fashion and groceries, but other segments like healthcare, professional services, and education, which historically have not received a material portion of payments through B2C digital channels

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