Online retail has exploded in popularity over the past 20 years, with online giants like Amazon, eBay and big-box retailers’ marketplaces becoming consumers’ go-to alternatives to brick-and-mortar merchants. The eCommerce industry is expected to generate $4.
Read MoreFor small, mom-and-pop retailers, complex or proprietary procurement platforms simply aren’t in the cards. With the pandemic accelerating businesses’ digital shift, small retail buyers have shifted their buying operations to the B2B eCommerce realm, and for many, the online marketplace operates in lieu of a procurement solution.
Read MoreKey payment trends now being driven by the Covid-19 pandemic were already gaining a full head of steam much earlier, according to debit card transaction data released early Monday by the Pulse electronic funds transfer network.
Read MoreThe acceleration of e-commerce adoption in 2020 has fueled 10 years’ worth of growth in 90 days, according to a new study from Periscope by McKinsey.
Read MoreAlthough the world is reeling amidst the pandemic known as Covid-19, people are spending vast amounts of time in their homes. While stuck at home, there are few brick-and-mortar retail locations to shop, leading consumers to their digital devices for essentials, and stipend splurges.
Read MoreThe COVID-19 outbreak is bringing more people into the digital fray and providing a further tailwind to e-commerce growth. In Latin America alone, 13 million Visa Inc. V, +1.43% cardholders made e-commerce transactions for the first time ever during the March quarter, the company’s Chief Product Officer Jack Forestell told MarketWatch.
Read MoreAs we step foot into the new decade, Mastercard’s Mike Cowen explores the top trends emerging in the world of digital payments and e-commerce. E-commerce and digital payments are fields which have been growing in importance over the last few years. And now that we’ve entered into a new decade, it’s vital that keep preparing […]
Read MoreE-commerce has fundamentally changed the way that companies do business. In fact, some research notes that e-commerce sales alone will make up almost 14% of all retail sales transactions in 2019. It’s more important than ever to have good financial practices in place to grow the business and connect with customers safely, securely, and easily.
Read MoreN-Genius Online to revolutionise how businesses manage and accept payments in the region The Middle East and Africa offers immense potential for e-commerce growth, with online sales in the region expected to reach 80 billion (Dh293.
Read MoreOnline marketplaces backed by Chinese behemoths are vying for Thai shoppers. Thai e-commerce is expected to grow to US13 billion by 2025 from 3 billion in 2018. (Photo by Varuth Hirunyatheb) Competition is ramping up in Thailand’s nascent e-commerce industry, with larger players fighting to attract lucrative brand deals and local partnerships.
Read MoreMore than one third ( 35) of transactions are lost when an e-Commerce site requires customers to create an account before purchasing. Retailers must balance their desire to gather customer data with this loss of sales revenue – as well as the annoyance factor that may keep shoppers from coming back.
Read MoreDepartment store sales hit a new record low in the data going back to 1992. E-commerce sales in the fourth quarter soared 12.1 from a year ago to a new record of 132.8 billion (seasonally adjusted), the Commerce Department reported on Wednesday morning.
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