Which of the following is not a major trend in e-commerce payments in 2022-2023?Group of answer choicesOnline payment volume surges due to the Covid-19 pandemic.Large banks enter the mobile wallet and P2P payments market.PayPal remains the most popular alternative payment method.Payment by credit and/or debit card is no longer the dominant form of online payment.
Question
Which of the following is not a major trend in e-commerce payments in 2022-2023?Group of answer choicesOnline payment volume surges due to the Covid-19 pandemic.Large banks enter the mobile wallet and P2P payments market.PayPal remains the most popular alternative payment method.Payment by credit and/or debit card is no longer the dominant form of online payment.
Solution
The statement "Payment by credit and/or debit card is no longer the dominant form of online payment" is not a major trend in e-commerce payments in 2022-2023. Despite the rise of alternative payment methods such as mobile wallets and P2P payments, credit and debit cards still remain a dominant form of online payment.
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