3 billion by 2028, according to a report by GlobalData.
The sector has already seen remarkable growth in recent years, with the e-commerce market surging at a CAGR of 25.3% between 2020 and 2023, reaching a valuation of $21.2 billion. In terms of payment preferences, traditional payment cards continue to dominate the landscape, largely due to benefits such as cashback, rewards programs, and instalment options.
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