Online spending during December has been on a tear in the past few years and payments gateway company eWay is expecting Australians will spend more than $1.5 billion during the holiday period.
The company processes about a quarter of Australia’s online transactions, giving it access to a bunch of data on online consumer spending and habits.
In December 2009, eWAY processed $94 million worth of online transactions through its merchants. Last December expenditure jumped to a whopping $319 million and while some of the jump needs to be attributed to the company’s own growth it’s still a significant trend.
This December the company is expecting to process about $400 million through its 17,000 online merchants.
Here’s the chart.