Digital Economy Payments February 2022 - U.S. Consumers and the Post-Holiday Digital Shopping Ramp-Up

U.S. Consumers And The Post-Holiday Digital Shopping Ramp-Up

Payment Declines Double in Value as Consumers Ramp up Big-Ticket Purchases in January

PYMNTS’ latest Digital Economy Payments Report surveyed 2,633 U.S. consumers to learn how their stepped-up spending on big-ticket expenses such as travel purchases are pushing payment declines to new highs.

Inside the February Report

  • 33%: Portion of consumers who made retail purchases through online channels in January
  • 9%: Share of consumers who used digital wallets to make their most recent purchases in January
  • 11%: Portion of consumers who experienced payment declines in January

Digital Economy Payments Report