The news: US shoppers are approaching the holiday season cautiously, and many are becoming more price-sensitive. To stay in budget, consumers plan to turn to AI, per Visa’s Holiday Spending Shift survey.
Gen Zers are even more eager for an AI boost: More than 8 in 10 are open to using AI to holiday shop.
Why this matters: Consumers are taking to AI platforms to support their holiday shopping—making it critical for payment providers and merchants to be visible in those results.
We forecast that AI-driven retail ecommerce sales will comprise 15.8% of all retail ecommerce sales by 2030.
Recommendations for merchants: As consumers get more price conscious, AI platforms will offer an easy way for shoppers to double check they’re getting the best product or the best deal.
Merchants need to prepare for changes in consumer discovery:
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