of consumer non-T&E purchases took place online—compared with 24% last year. The change may be attributed to the boost in online shopping as consumers spent more time at home this summer than in previous years. Overall, 68% of total non-T&E global billed business took place online, encompassing all of Amex's client groups, pointing to the overall trend of digital purchases.
Ahead of the holiday shopping season, Amex should adapt its rewards strategy to focus more on retail. Amex has a bevy of rewards across its credit cards, allowing consumers to redeem rewards points at checkout for shopping discounts.—adding rewards centered around ecommerce and delivery, two sectors that grew substantially throughout the pandemic—to accommodate consumer purchasing needs and preferences.
Amex can continue to provide targeted rewards offerings, perhaps by expanding existing non-T&E rewards to lean more heavily into as the holidays approach, to boost its payments volume and revenues and further cement its recovery into Q4. Join other Insider Intelligence clients who receive this Briefing, along with other Payments & Commerce forecasts, briefings, charts, and research reports to their inboxes each day.
👍👍
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Billion Dollar Loser book: Inside WeWork CEO Adam Neumann's Summer Camp - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. WeWork Tommy Wiseau?
Source: BusinessInsider - 🏆 729. / 51 Read more »
Inside Quibi's $1.75 billion rise and six-month fall - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Forget about Quibi. My website doesn’t spy on you and everything is free to watch. www. Meg Whitman ruined HP, she ruined Aquino, and she didn’t do much at PayPal.
Source: BusinessInsider - 🏆 729. / 51 Read more »
An Inside Look At This CEO’s Refreshing Way Of Doing Business In The Beverage IndustryFor Certified Holistic Educator, Raw Food Chef, Plant-Based Nutritionist, and Founder of organic juice brand Garden of Flavor Lisa Reed, it’s all about the juice.
Source: Forbes - 🏆 394. / 53 Read more »
Stock picks to buy, companies poised to beat on Q3 earnings: BofA - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. I wouldn’t. Over the past month, company growth and beating earnings expectations have failed to boost stocks. The market is being held hostage by stimulus talks. Wall Street is essentially a big zombie company, and Treasury/Pelosi is Robinhood.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Coolest features of the new Amex Centurion Lounge JFK Airport; photos - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. ☑For responsive business website
Source: BusinessInsider - 🏆 729. / 51 Read more »