U.S. Cashback Programs Market Report 2024 - 11.6% Compound Annual Growth Rate Forecast from 2024-2029, with Value for Cashback Spending Set to Reach US$75.48 Billion by 2029 [Yahoo! Financ...
RAKUTEN GROUP INC S/ADR (RKUNY)
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Source: Yahoo! Finance
- 50+ KPIs on Cashback Market Size, By Business Model, By Channel, By Cashback Program Type, By End Use Sector - Q3 2024 Update" report has been added to ResearchAndMarkets.com's offering. The cashback spending through cashback programs is expected to experience significant growth, with spending projected to surge by 13.4% annually. The medium to long-term outlook for cashback spending in the United States remains robust, with adoption anticipated to increase steadily over the forecast period. This is expected to record a compound annual growth rate (CAGR) of 11.6% from 2024-2029. The value for cashback spending is forecasted to increase from US$38.40 billion in 2023 to US$75.48 billion by 2029. Cashback programs in the United States are rapidly evolving as they respond to changing consumer preferences and economic realities. The shift towards instant rewards reflects a significant change in how consumers engage with loyalty programs, particularly among younger demographics who
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