Consumers globally are projected to spend US$133 billion on mobile apps and games in 2021 for both Google Play and App Store, according to data presented by phone case retailer Burga, highlighting the smartphone usage over the last few months.
New Zealand’s card payments market is expected to rebound strongly in 2021 registering 10.3% growth, supported by the economic revival, rising consumer spending, and growing preference for contactless payments, according to a new forecast by analyst firm GlobalData.
Consumer advocate Choice says ‘a third of consumers will dip into their savings to cover the cost of Christmas,’ which can affect future spending.