The Rise Of Digital And The Struggle Of Brick-and-Mortar

Rise Of Digital And Struggle Of Brick-and-Mortar

Digital banking is reaching unprecedented levels of popularity amid the pandemic, as consumers are harnessing mobile banking apps to handle their checking and savings accounts. In retail, Target is aiming to make its shoppers’ lives easier by saving them time and moving them toward high-value digital experiences. And the largest mall in the nation is fighting to prevent foreclosure as bad news continues to pile up for the sector. All this, Today in Data.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Data:

    195%: Growth of Target’s digital comparable sales over 2019.

    89%: Share of American bank customers using mobile banking apps to manage their savings and checking accounts.

    41%: Portion of Europeans unable to access financial services due to the COVID-19 pandemic.

    16.1%: Share of commercial retail loans that are 30 or more days delinquent as of July 2020.

    Advertisement: Scroll to Continue

    3.6B: Minimum expected number of online and mobile banking users by 2024.