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Online Christmas shopping sees year on year rise.

Online Christmas shopping sees year on year rise.
Wednesday December 7 2011

New data released from payment processor Sage Pay has found that more people shopped online on Monday December 5th than on the same date last year.

The first Monday in December,known as Cyber Monday, was expected to be the busiest online shopping day of the year.

Sage Pay has found that 17 per cent more transactions were processed this year compared to the previous one and that the average spending on gifts for friends and family has grown to £91, an increase of £3 pounds.

Simon Black, the company's managing director, said that things looked good for online shopping despite the general gloom of the UK economy.

"E-tailers can take some solace in the strong growth in online transactions year on year. Recent reports have shown that ecommerce now accounts for around 7.2 per cent of the UK’s GDP," he said.