France Ecommerce Payment Market will be USD 100 Billion by 2026

According to Renub Research analysis, France Ecommerce Payment Market is forecasted to be more than USD 100 Billion by the end of year 2026.
By: Renub Research
 
ROSWELL, Ga. - May 7, 2021 - PRLog -- France is the most populated country in the European Union, with 65.3 million residents and the second-largest ecommerce market. In the year 2019, in France, the number of an ecommerce website has grown to 16%, adding more online shops than in 2018 as per government data. In France, around 191,700 ecommerce websites include physical stores that have launched online to their brick-mortar stores. Black Friday is known for its online shopping day and is more popular than Christmas in France. As per Renub Research, France Ecommerce Payment Market will be USD 100 Billion by 2026.

French consumers are loyal to their local brands and avoid purchasing across the border in online shopping. Roughly 60 percent of French shoppers make only domestic purchases, according to the Ecommerce Foundation, a Netherlands-based research firm. Besides buying products, France uses e-commerce payment services for travel purposes, buying events, tickets and music subscription. Across the globe, merchants have seen making relatively more profit in trading in French marketplaces. The French population is well – versed and familiar with the use of E-commerce. Around 58 million French uses the internet on their mobile and computer for shopping or any other business purpose.

Surging growth in the French market is due to the high use of the internet, mobile services penetration and delivery option. Its market is full of opportunity for online as well as brick–mortar stores. Ecommerce now becomes an essential key for trading across France. The online market has shown substantial growth in the E-commerce market because of the one-click payment options. Compared to other categories online fashion industry has reached a considerable size. Now brick and mortar outlets are also shifting towards online payment or digital payment options.

In France, Household Goods, Travel and Holiday accommodation, Books / Magazines / Newspapers, Computer Hardware & Software are other categories changing its way of payment from cash to card or digital payment. This payment method will boom in future as COVID 19 precaution promotes contactless money transfer.

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Renub Research is a Market Research and Consulting Company. We have more than 10 years of experience especially in international Business-to-Business Researches, Surveys and Consulting.

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Follow the link for the full report with detailed TOC and list of figures and tables:  https://www.renub.com/france-ecommerce-payment-market-p.php

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Tags:france eCommerce payment
Industry:Technology
Location:Roswell - Georgia - United States
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