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Payments and Digital Commerce Platforms Forecast 2024
How In-House Payments Help Platforms Grow Revenues per Customer
US digital commerce platforms will process $375.57 billion of their own payments this year, helping them capture more revenues, build merchant relationships, and bundle payment with nonpayment products. Here’s how five major platforms are approaching the space—and why we expect four of them to bring more of their payments in-house.
Key Question: How are leading digital commerce platforms’ payment initiatives contributing to their overall growth?
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Key Stat: US digital commerce platforms’ gross payment value growth will decelerate to 10.9% in 2024, as ecommerce sales growth slows at industry heavyweight Shopify.
authors
David Morris
Contributors
- Grace Broadbent
- Suzy Davidkhanian
- VP, Content
- Nikolai Dineros
- Tiffani Montez
- Oscar Orozco
- Director, Forecasting
- Julia Woolever
- Director, Report Editing
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