4. Flexibility and variety of payment options
The evolution of eCommerce is going hand in hand with the development of different means of payment. From traditional cash, we have moved on to other technologies that allow online payment, such as credit and debit cards, mobile payment or eWallets.
Likewise, eCommerce is also opting for other forms of financing outside the banking circuit. One of these is known as Buy Now, Pay Later (BNPL), which is becoming increasingly fashionable. Until now, this option was reserved for large purchases by certain retailers, but the aim is for it to be used for any purchase, regardless of the amount.
In fact, according to the "Commerce and Payment Trends Report 2022", prepared by Global Payments, up to 65% of merchants were offering BNPL as a means of payment in 2022. In the future, this possibility will be a must, rather than a merely added value, but it is clear that 2023 may be the year of its definitive consolidation.