Figures from PayPoint.net published today show that retailers are experiencing a softer post-Christmas landing than last year, after a busy festive period.
The online payments provider recorded significantly higher levels of both consumer spend and transaction volumes in the first two weeks of January 2012, compared with the same period in 2011. Spend increased by 24 percent and volumes grew by 21 percent.
This builds upon the growth in online shopping witnessed at the end of last year, which saw PayPoint.net’s consumer spend increase by 30 percent in December 2011 compared with the previous year.
Michael Norton, Managing Director of PayPoint.net said: “As new types of e-commerce emerge and consumer purse strings are tightened, we’re seeing more and more evidence of savvy British shoppers trawling the web for the best prices. We believe this, and the recent mild weather which eases concerns over delivery times have also contributed to the continued success of our customers’ businesses. It’s very encouraging to see e-commerce holding up so strongly.”
Source: www.paypoint.net