Don’t you find fascinating that credit cards make only less than half of the overall market? Have you ever wondered what is the reason for all the lost sales and cart abandonment? Here is your answer: The world of e-commerce is changing so rapidly and credit cards are now an outdated solution. With the constant […]
The revised Payment Service Directive (PSD2) is aimed at ensuring transparency and fostering innovation in the financial industry. Following the implementation of PSD2 requirements, the payments ecosystem is expected to become more harmonized. Also, banks, payment providers, FinTech companies and merchants will be able to compete better and even collaborate to benefit the consumer. Which […]
Approximately, 2 out of 3 businesses are not reaching their full market potential. Why is this so? Simply because of their inability to enter other intercontinental markets due to export disadvantages. Which results in a potentially great profit loss. But what is the number one cause behind this drawback? Is it taxes? Not really, since […]
E-commerce merchants based in the US and Canada now have a game-changing advantage to ring up sales from European consumers. The Single Euro Payments Area (SEPA) exists to unite the 28 EU countries (+7 others) into a single digital marketplace. The intention is to end many of the issues EU merchants encountered expanding into cross-border sales. This […]
The Internet has become an immensely powerful marketplace that keeps transforming the financial services industry. With the global e-commerce space projected to grow at 15% CAGR through 2018, payment systems need to adapt to the changing business landscape. Namely, as businesses and consumers move to online channels, financial services need to support their expectations in […]
Ask most US small or medium sized businesses if they’d like to open up their business to the European marketplace and you’ll hear a resounding “yes”. Why wouldn’t they; half a billion citizens, many speak English, good internet penetration, and a desire for US goods. However in practice, the wheels of the great global e-commerce […]
French internet sales figures for the first quarter of 2014 show an increase of 11% compared to the first quarter of 2013. The number of transactions increased by 15%. The total amount spent on-line by the French was €13.4 billion euros which equal over $18.1 billion US Dollars. There are now 34 million French on-line consumers, over […]
There are 200+ payment methods used around the world. This infographic illustrates where credit cards are falling short and some of the variety of payment types. Also a brief look at SEPA, the mandate to change bank debits in all EU countries. The advantages of offering Alternative Payment methods may be lost in the credit […]
More than 50% of online consumers in the EU do not have a credit card. “Alternative payments appeal to overlooked customer segments. More than half of European online buyers do not own a credit card…These buyers need alternatives when shopping online.” – Excerpt from “Understanding Online Payment Preferences in Europe” by Forrester Research The most […]
