Payment Options Key To Retail Success

eCommerce retailers offering increased value and diverse payment options will attract the attention of Canadian shoppers this year, says ‘The 2021 Canadian Consumer Trends Guide: Reimagining Retail and E-tail Beyond the Pandemic’ by PayBright. It says that post-pandemic, Canadians will likely invest in social activities; mental health and well-being; physical health; financial preparedness and savings; and home improvement. As well, with deals and sales top of mind, Canadians are planning to lower their budgets and spend with more scrutiny in 2021. Nearly 40 per cent of Canadians are lowering their intended budget for 2021 for several reasons, including spending less in general; a COVID-specific change to their financial status; a dedication to paying off current debts; and a weariness around shopping during a pandemic.