Even more than in the brick-and-mortar space, e-commerce is subject to the winds of change; keeping up with the latest trends is
Industry Trends Disappearing Banknotes in India: Understanding the Terms Surrounding Digital Payments
Don’t know what are UPI, NPCI, IMPS, NEFT, or RTGS? Don't worry, we can help! The people of India are still adapting to the sudden demonetization of the 500 and 1000 rupee banknotes.
We have a pretty good idea of what the future of payments will look like. Mobile and contactless payments are replacing what’s left of the traditional point-of-sale (POS), shopping online will soon be more common than shopping in-store (in some countries it already is), and the growth of alternative payments is outpacing traditional methods like credit cards.
Country SpotlightIndustry Trends Country Spotlight: Understanding Consumers and Cross-Border E-Commerce in China
One day in China’s e-commerce market is bigger than a year in Brazil’s. That’s as of November 11th, also known as Singles’ Day, which this year was the most successful 24-hour online shopping sale of all time, racking up $17.8 billion in total sales.
Country SpotlightIndustry Trends Country Spotlight: Understanding Consumers and Cross-Border E-Commerce in Australia
Next Tuesday November 15th is Click Frenzy 2016, Australia’s version of Cyber Monday, described as “the sale that stops a nation”. The event, which began in 2012, last year broke $200 million in sales, with Click Frenzy’s website receiving more than 1 million visitors on the 3rd Tuesday of the month.
Country SpotlightIndustry Trends Country Spotlight: Understanding Consumers and Cross-Border E-Commerce in Turkey
Turkey has always been a beacon of commerce. Today, Turkey’s B2C e-commerce market is the second largest in Eastern Europe, the internet penetration rate is the 7th highest in the world and total e-commerce revenues, already over $5 billion USD in 2016, are growing at a rate of 13.7% per year.
Country SpotlightIndustry Trends Country Spotlight: Understanding Consumers and Cross-Border E-Commerce in India
Much like Black Friday in the West, the festival of Dussehra celebrated this week in India marks the beginning of India’s holiday shopping season. And, like everywhere else in the world, people are increasingly shunning the frenzy at the market in favor of shopping online. While still representing only a fraction of total retail sales, e-commerce is now an essential part of the foundation of the global digital economy.
Country SpotlightIndustry Trends Country Spotlight: Understanding Consumers and Cross-Border E-Commerce in Poland
One of the strongest and fastest-growing e-commerce markets in Europe is Poland. Historically, Poland has been below average due to low internet penetration; however, rapid growth in infrastructure (bringing internet penetration up to 70% and mobile penetration to 150%) has brought over 26 million Polish online shoppers to market and pushed the country up to 4th place in e-commerce turnover.
While the market shifts toward omni-channel commerce and the payments landscape becomes more diverse and less traditional, it has become a challenge for merchants to provide a functional and flexible way to handle transactions. To do so elegantly is key to customer satisfaction, and to do so securely is all the more important. This is where Know Your Customer (KYC) comes in.
The tremendous reach and revenue of Pokemon Go is impossible to ignore. Within one week of its release, it was already the biggest mobile game in US history and in the first month alone its developer, Niantic, had earned over 200 million USD. This is despite the fact that the game is a free downloadable app – so where is all this money coming from?