24 April 2018
visit www.nextgenbanking.co.uk

Mega Monday: UK Christmas shoppers set for busiest e-commerce day in history

20 November 2012  |  7380 views  |  0 Woman shopping for xmas presents

'Mega Monday' - 3 December - will be the UK's biggest online shopping day in history, predicts Visa Europe, which expects to see £320 million spent on its cards alone.

The first Monday in December has come to mark the kick-off of an online shopping frenzy leading up to Christmas, with Brits taking to their computers, mobile phones and tablets to buy must-have items.

Visa Europe says records will again be broken this year, with 6.8 million online transactions using its credit and debit cards on the day, up 21% on 2011, as shoppers spend £222,222 per minute.

The most popular time for spending is expected to be between 8:00pm and 9:00pm while people are increasingly turning to mobile devices to carry out their transactions. Department store giant John Lewis has seen mobile traffic and orders to its site more than treble over the last year and a third of customers are now shopping using handheld devices.

Last week UK retail association IMRG forecast a £920 million spend by consumers using mobile devices in the first two weeks of December alone; nearly a quarter of all £4.6 billion in online shopping.

Steve Perry, commercial director, Visa Europe, says: "Online shopping now accounts for a significant proportion of all retail spend. This reflects the confidence that shoppers feel about the security of using their Visa cards for online transactions."

Meanwhile, in the US 'Cyber Monday' is gaining ground on 'Black Friday', according to a poll of 2115 adults by Harris Interactive on behalf of CouponCabin.com.

Nearly half of Cyber Monday shoppers will spend more money online that day than they will in-store the during the rest of the holiday season. The holiday has gone mobile as well with more than a quarter of smartphone and tablet owners planning to shop online on Cyber Monday on their devices.

More than four-in-ten smartphone owners who plan to shop online on Cyber Monday said they will "showroom" certain products on Black Friday with the intention to buy them on tow days later.
KeywordsE-COMMERCE

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Barclaycard builds iPhone game for Christmas campaign

Barclaycard builds iPhone game for Christmas campaign

19 November 2012  |  8800 views  |  0 comments | 8 tweets | 3 linkedin
We wish you a mobile Christmas

We wish you a mobile Christmas

12 November 2012  |  5929 views  |  0 comments | 11 tweets | 4 linkedin
Bitcoin merchants plan own Black Friday

Bitcoin merchants plan own Black Friday

05 November 2012  |  7366 views  |  1 comments | 3 tweets | 1 linkedin
Sofa surfers serve up Black Friday bonanza

Sofa surfers serve up Black Friday bonanza

28 November 2011  |  5511 views  |  0 comments
Rise of e-commerce changing Brits' Christmas shopping habits

Rise of e-commerce changing Brits' Christmas shopping habits

10 March 2011  |  8854 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit www.abe-eba.euVisit http://go.jumio.com/finextraAd

Top topics

Most viewed Most shared
Top tier banks pass first transactions on trade finance blockchainTop tier banks pass first transactions on...
13884 views comments | 20 tweets | 28 linkedin
TransferWise becomes first non-bank to open settlement account with BofE RTGSTransferWise becomes first non-bank to ope...
11098 views comments | 18 tweets | 32 linkedin
'Fake data' will make banks vulnerable - Accenture'Fake data' will make banks vulnerable - A...
8966 views comments | 26 tweets | 36 linkedin
Major card schemes zero in on single 'buy' button for online commerceMajor card schemes zero in on single 'buy'...
8300 views comments | 20 tweets | 36 linkedin
hands typing furiouslyUX Design Guide: 7 Steps to Make Digital B...
8190 views 0 | 36 tweets | 24 linkedin

Featured job

Competitive base + commission
London, UK

Find your next job