Online shopping has grown to trillions of dollars worldwide

Last years, most consumers around the world do not go out of the house because of coronavirus. So they have to buy all the items online, starting from the daily necessities to the garden staff.

Online shopping has reached trillions of dollars worldwide by 2020. Due to the epidemic, consumers have bought everything from necessities to online.

Last year, the world spent an additional about USD 1 trillion, on online retail. This information has come up in MasterCard’s ‘Recovery Insights’ report. This information has been informed in a notification from MasterCard in Bangladesh.

According to MasterCard, the coronavirus has led to an increase in purchases on websites and online marketplaces around the world.

In this case, people in countries like Italy and Saudi Arabia have made an average of 33 percent more purchases through e-commerce. Then there are countries like Russia and the United Kingdom. In addition, electronic payments have increased in the United States.

According to MasterCard, the coronavirus has led to an increase in purchases on websites and online marketplaces around the world. In this case, residents of countries like Italy and Saudi Arabia have made an average of 33 percent more purchases through e-commerce. Then there are countries like Russia and the United Kingdom. In addition, electronic payments have increased in the United States.

Meanwhile, MasterCard’s report said that 20 to 30 percent of the new digital system may be permanent.

This article has been posted by a News Hour Correspondent. For queries, please contact through [email protected]
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