Mobile commerce is growing much faster than e-commerce, says Coupofy (Infographic)

With recent news that two in five Americans (39 percent) use a mobile device to manage their bank account at least once per month, it should come as no surprise to see data showing the rapid rate at which mobile is taking on the other major arena of the FinTech sector – commerce.

Between 2013 and 2016 mobile shopping will grow 42 per cent compared to regular eCommerce’s 13 per cent, and mobile users will spend a total of $600 billion in 2018, a 300 per cent growth from 2014’s $200 billion, according to findings from Coupofy.com.

According to the online coupon code company’s data, Denmark’s m-commerce’s is seeing a 55 per cent growth rate in mobile shopping popularity between the same time period. Norway, Sweden, China, and Spain are very close as well with all four countries seeing a rise of over 50 per cent.

Here is an infographic that breaks down all the m-commerce findings.

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