Online shoppers spend their way out of recession.
Total volume of online payments expected to exceed 20 billion in 2010, while the size of an average payment transaction will fall by 18 per cent to just £70
The UK online payments market will experience unprecedented growth in 2010, as the total volume of transactions is expected to exceed 20 billion and the size of a typical online payment continues to fall, hitting just £70 by December 2010.
This is according to analysis from payment services provider Sage Pay following a study of over 27,000 businesses currently trading online in the UK. The findings underline the continued growth within e-commerce and sit in stark contrast to the fate of many high street stalwarts that are battling an increasingly complex trading environment and are themselves turning their attentions online.
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