Guide
How to Master the Digital Checkout of the Future
The rapidly evolving world of online retail has turned the checkout experience into a spicy encounter between businesses and their customers. So one thing is for sure: as the latter seek faster, more convenient and personalized interactions and services, mastering the online checkout process right can give you a true competitive advantage.
This guide delves into the transformative trends, challenges and opportunities shaping the next generation of checkout experiences: from post-pandemic scenarios, to changing shopping patterns and preferences, to ultra-novel tec features.
Stay ahead of the curve with our new guide and take advantage of all the insights and strategies needed to turn your checkout process into a powerhouse for success.
The Future Online Checkout: What's it all about?
With the eCommerce online share of the total retail market expected to reach a record high of 21% by 2028, a predicted 39% growth in global eCommerce sales by 2027, and on the other hand, global cart abandonment rates as high as 78% – it’s time to step up that checkout game.
From excessive delivery fees and unexpected costs to a lack of preferred payment options and slow deliveries: as online retail continues to thrive, customers expect more from the journey. More of what, you wonder? Start with the strategies presented in this guide to enhance your customers’ checkout by leveraging technologies like Loqate’s automated address validation, mobile-friendly interfaces and emerging trends, such as “Buy Now, Pay Later” options or smart home ordering.
