Global digital commerce spending to grow 11% to $11.6tn this year

SourceThe National
CountryMiddle east

Digital commerce spending is expected to surge to more than $11.6 trillion by the end of this year, rising nearly 11.5 per cent from $10.5tn last year, according to a new report.

This amount includes money transfers and payments related to digital as well as physical goods purchases, digital ticketing, banking, bills and NFC mobile retail, Hampshire-based Juniper Research said in a report on Tuesday.

Mobile commerce will account for 73 per cent of all digital trade transactions by value this year, a figure that is set to rise to 79 per cent by 2025.

Mobile has emerged as the most important way to more...