Consumers will complete the most online transactions ever recorded in a single day on Cyber Monday, spending more than £500m, according to forecast data from Sage Pay.
It’s one of the biggest shopping days of the year for British retailers, following hot on the heels of Black Friday. Last year, shoppers spent of £456m, according to Sage Pay’s records.
Website visits on Cyber Monday will break all previous online records, it has revealed. On a single day, there will be 113m visits to e-commerce sites.
“With just four weeks until Christmas, most of us will just have been paid, so Cyber Monday is the day when consumers rush online to do their Christmas shopping,” explained Simon Black, CEO at Sage Pay.
Cyber Monday is traditionally the day that Brits adopt a “spend now, think later” attitude to shopping.
This article was extracted from www.telegraph.co.uk, please click here to read the article in full, http://www.telegraph.co.uk/finance/newsbysector/retailandconsumer/10482004/Cyber-Monday-splurge-to-hit-500m.html