J.P. Morgan reports record payment processing volumes during Cyber Weekend

J.P. Morgan, the largest acquirer in the U.S. by e-commerce processing volume, reported a record single-day transaction processing volume during the recent Black Friday to Cyber Monday shopping period. The company's data indicates that aggregate payment processing volumes for the entire month of November increased by double digits compared to 2020 and 2019.

Consumer spending continued the trend of an earlier start to holiday shopping, with purchases spread more evenly throughout November rather than concentrated around Black Friday and Cyber Monday. On J.P. Morgan's record processing day, volumes were approximately 50 percent higher than an average day in 2021.

Payment processing volumes remained strong throughout November, particularly in the weeks preceding Thanksgiving. Both e-commerce and in-store transaction volumes saw significant increases in the U.S. and Canada. In-store volumes in brick-and-mortar stores also surpassed pre-pandemic levels in November.

The data suggests merchants benefited from a combination of early November sales and promotions alongside the traditional Cyber Weekend surge. J.P. Morgan continues to invest in technology solutions to support businesses in the digital commerce landscape.