About half of all U.S. Hispanics with Internet access now connect through broadband at home, according to a new survey by America Online. The number is on par with that of the general online population, despite the fact that Hispanics are "relatively newer to the Internet," according to AOL. Hispanics go online at home an average of 9.2 hours a week, almost an hour more than the general online population, and 70 percent view the Internet as the best source for comparing prices. Hispanic consumers also are younger, as well as heavier users of Internet features such as music downloading and instant messaging. 56 percent of Hispanics online are between the ages of 18 to 34 vs. 34 percent for the general online population. The survey found they use the Internet far more frequently than the general online population to listen to music (55% vs. 41%), download music files (37% vs. 25%), and for instant messaging (59% vs. 48%). The survey also indicates that 47 percent of online Hispanics have children under the age of 18 at home vs. 37 percent for the general online population and that they are far more upbeat about the ability of the Internet to improve the lives of their children.
The world of eCommerce payments has evolved. As we look toward the latter half of this decade, we're witnessing a transformation in how digital commerce operates, with a clear shift toward localized payment solutions within a global marketplace. The numbers tell a compelling story. According to Juniper Research's latest analysis, global eCommerce transactions are set to reach $11.4 trillion by 2029, marking a 63 percent increase from $7 trillion in 2024. This growth isn't just about volume – it's about fundamental changes in how people pay for goods and services online. Perhaps most striking is the projected dominance of Alternative Payment Methods (APMs), which are expected to account for 69 percent of global transactions by 2029, with 360 billion transactions processed through these channels. eCommerce Payments Market Development What makes this shift particularly interesting is how it reflects the democratization of digital commerce. Traditional card-based systems ar...