Payments industry has never been so versatile. From new payment models emerging, to rising consumer expectations – the bar is set high for all the stakeholders who want to be up to date with the payments trends in 2019. It is difficult to define the most important trends that are shaping the industry. One thing […]
In 2016, the eCommerce industry generated over $1.9 trillion in revenue. According to eMarketer, this double-digit growth of online payments will continue to rise and in 2020, we can expect it to climb up to $4 trillion in sales. The amount that we’re spending online accounts for almost 9% of all global retail spending. However, […]
The development of alternative payment methods in the payments industry is no longer considered – if it ever was – a simple stroke of luck, but the direct result of online shoppers consistent demand for non-credit card options. Lower credit limits and greater perceived security are only some of the reasons justifying such a shift […]
yStats has issued Global Alternative Payment Methods: Second Half 2016 report and found that alternative payment methods globally account for a higher share of ecommerce sales than credit cards. Although credit and debit cards still account for the highest share of global ecommerce sales compared to other individual payment methods, the combined share of alternative […]
Your website is leaking money. This is a fact that is keeping your sales team awake through the night. Actually, during the year 2014 about $4 trillion USD was lost in e-commerce due to shopping cart abandonment. If you are aware that your sales funnel is leaking, here is a comforting fact for you: your […]
In the dynamic environment of the contemporary economy, digital trends are rapidly taking over the global market. During the last year, there has been a total of $562 billion in revenue projected in the country of China alone, all funds streaming through the ecommerce channels. The US market is second in line with the impressive […]
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 […]
The holiday season is a very important period for an e-commerce business. The last two months of the year are full of special holidays which you should use to boost your sales. This period can thus be very stressful. You have to take care of the planning, marketing, shipping, managing and especially providing great customer support.
Online shopping via mobile devices (mobile shopping with smart phones) is now the holy grail of e-commerce. The device usage statistics clearly show that we must focus on mobile, however, the purchase statistic point to a big gap between browsing and buying. This is the second post in a 2 part series. (Part 1 can be found […]
Online shopping via mobile devices (smart phones) or mobile shopping is now the holy grail of e-commerce. The device usage statistics clearly show that we must focus on mobile, however, the purchase statistic point to a big gap between browsing and buying. We’ll look at this in a 2 part series. Part 1: Is it love […]
