Payments News


Cyber Monday hits $7.9B in online sales, $2.2B spent via smartphones

“Adobe — which tracks trillions of transactions across the U.S. among major retailers online — says that today will see $7.9 billion in sales online when all is tallied, up 19.7 percent on 2017’s figure of $6.6 billion. Mobile devices accounted for $2.83 billion in sales for the day, another high watermark — neatly 36 percent of all sales, growing the proportion of transactions not on desktop. Smartphones were the majority of that activity. They alone accounted for 27.7 percent of sales, or $2.2 billion.”