On the heels of strong U.S. e-commerce numbers reported last week, the U.K. also showed significant growth in a recent report. Online retail sales in the U.K. increased nearly 19 percent in July compared to the same month last year, according to the IMRG Capgemini Sales Index. It was the largest increase in year-over-year growth since November 2014.
U.S. retail e-commerce enjoyed its largest year-over-year growth rate in nearly two years, according to estimates from the U.S. Department of Commerce released Tuesday. Second-quarter e-commerce sales this year soared nearly 16 percent from Q2 2015 to $93.9 billion. Compared to Q1 of this year, e-commerce rose 4.5 percent. On an adjusted basis, e-commerce accounted for 8.1 percent of total retail sales in the U.S. from April through June.
Global ecommerce market is worth around USD 22.1 trillion, according to latest UNCTAD estimates.
China is the world’s largest business-to-consumer (B2C) ecommerce market, both in terms of sales and in number of online shoppers, followed by the US and Japan.
India, the 10th largest market in terms of buyers, was ahead of Brazil and Russia in per capita ecommerce spend, the report said.
The Paypers (www.thepaypers.com) has released the Ecommerce Payment Methods Report 2016, an educational overview of the global payments industry. The Report’s main focus is on providing a clear framework for an easy understanding of the mechanism behind card-based and alternative payments within the wider standpoint of ecommerce, as well as identifying key markets ripe and open for business in this ecosystem.
Danish ecommerce has reached EUR 13.44 billion, online retail industry in Denmark accounting for 10% of the total retail turnover.
The French B2C e-commerce experienced noticeable growth last year. The growth rate was declining over the last few years, from 19.4% in 2012 to 11.2% in 2014. However, in 2015, B2C e-commerce grew by 14.3%. This growth rate resulted in a B2C e-commerce turnover of €64.9bn in France last year. For 2016, the growth is expected to decline again, as a growth rate of 10.0% is forecasted.
While global online revenue still hovers around 10 percent of total overall retail sales, a new report suggests consumer demands will change that in a hurry. The survey focused on U.K. consumers and found the 95 percent who have Internet access have shopped online at least once within the past six months. And, 75 percent believe they will accomplish the majority of their shopping online within the next 10 years.
European consumers spent more than €455 billion ($508 billion) online in 2015, a 13 percent increase from the year before, according to a report from Ecommerce Europe. The Brussels-based trade association predicted continued growth and said e-commerce sales in the region will surpass €500 billion ($560 billion) this year with plenty of room for additional growth.
US online retail is expected to hit USD 373 billion in 2016, a recent report reveals.
That figure will grow to more than USD 500 billion by 2020, according to Forrester Research, by Sucharita Mulpuru, mediapost.com reports.
US online retail sales topped USD 100 billion only in 2006 but, by 2020, Forrester expects online retail sales will exceed USD 500 billion. Amazon is estimated to gain USD 23 billion more in US ecommerce sales in 2015 than in 2014 (including its third-party marketplace). That accounts for 60% of the total growth in US online sales in 2015.
Italian ecommerce is set to generate EUR 19.3 billion in 2016, rising by 17%, compared to 2015.
Much growth is expected from tourism, IT & electronics and clothing, according to Netcomm, Italian Consortium of Electronic Commerce, ecommercenews.eu reports. Online purchases from smartphones increased by 51%, compared to 2015, and account for 15% of all online transactions in Italy. With purchases from tablets, mobile transactions account for almost 24% of all online transactions in Italy.
Online sales grew 15.1% in Q1 2016 (USD 86.3 billion) and accounted for 11.1% of retail sales when factoring out items not normally bought online.
In 2015, ecommerce accounted for more than 10% of retail sales, without the sales of automobiles, fuel and foodservice. Web sales totaled USD 86.3 billion for Q1 2016, a 15.1% increase over USD 75.0 billion in Q1 2015, according to US Department of Commerce, internetretailer.com reports.
Russian online purchasers have increased to 66%, according to a new study.
TNS, a global research company, released a new report on the popularity of online payments in Russia and found that the most popular online payment method is online banking, with 80% of users. 79% use credit cards regularly online, 62% pay with e-wallets, and 47% will utilise SMS-payments.
A Credence Research report has forecasted that the biometrics technology market will reach USD 34,5 billion by 2022.
The report called ‘Biometrics Technology Market – Growth, Share, Opportunities & Competitive Analysis, 2015 – 2022’ suggests that this significant growth is due to the increased adoption in both public as well as private sector. Governments around the world are adopting biometric technologies for access authorization, identification and verification, e-passport management and national border control projects.
Инвестиции в финтех-компании по итогам прошлого года достигли 19,1 млрд долларов США, подсчитали эксперты из компании KPMG в своем ежеквартальном отчете Pulse of Fintech.
The USD 6 billion Southeast Asian online retail market is expected to grow to USD 70 billion by 2020, a new report reveals.
With Alibaba`s USD 1 billion investment in Lazada in April 2016, JD.com and eBay setting up office in Indonesia, as well as Japan`s SoftBank, Sequoia Capital and SB Pan-Asia Fund investing USD 100 million in Tokopedia, Indonesia`s largest online marketplace, Southeast Asia appears to have become an ecommerce investment destination of choice, e-commercefacts.com reports.
The UK online retail industry is expected to reach EUR 173.7 billion (10.5% growth) in 2016, a new report reveals.
The British ecommerce industry increased to EUR 157 billion (11% growth) in 2015, ecommercenews.eu reports. Over 43 million Brits shopped online in 2015, of which 20% used a mobile device for doing this.
The digital commerce market is set to increase from USD 4.9 trillion in 2015 to over USD 8 trillion by 2020, a new research found.
The digital commerce market will see contributions from digital banking, remote digital goods and remote physical goods, juniperresearch.com reports.
The global value of mobile and wearable contactless payments is expected to reach USD95 billion annually by 2018, up from less than USD35 billion in 2015, according to a new study.
According to the new research from Juniper Research – Contactless Payments: NFC Handsets, Wearables & Payment Cards 2016-2020 – the emergence of a range of connected wearables has piqued the interest of NFC stakeholders. It anticipated that devices such as watches and wristbands would be in the vanguard of these developments, although it cautioned that the sector would take several years to reach critical mass.
The global number of banking apps accessed via smartwatches will reach the 10 million mark in 2017, rising to more than 100 million by 2020, according to a recent research study.
The use of smartwatches to access ‘push’ banking information services has been steadily gaining traction since November, 2014. A number of global banks have launched apps for the wrist, while the launch of Apple Watch in April 2015 further accelerated the demand for wearable banking apps, according to the ‘Worldwide Digital Banking: Mobile, Online & Wearable 2015-2020′ research study issued by Juniper Research.
В течение последних пяти лет объем сделок с использованием платежных карт в Латвии активно растет, свидетельствует обобщенная банком SEB информация.
В частности, в 2015 году количество платежей по картам достигло рекордного показателя за последние пять лет – по сравнению с 2014 годом рост составил 34%. В целом в 2015 году в установленных банком SEB терминалах было совершено сделок на сумму 1,24 млрд евро, что на 23% больше, чем в 2014 году.
Средняя сумма покупки по карте за пять лет продолжает уменьшаться, так как жители Латвии все чаще используют платежные карты для более мелких покупок, тем самым расширяя использование карт в целом, подчеркнули в банке.
Также растет популярность карточных расчетов онлайн – в прошлом году их количество увеличилось на 27%. При этом средняя сумма покупки по карте в интернете как минимум в четыре раза выше, чем средняя сумма покупки по карте в обычном магазине.
UK overall ecommerce registered a notable 65% traffic on mobile devices in January 2016, a recent research study reveals.
This is the highest figure for any country studied in a March 2016 SimilarWeb report, emarketer.com reports. By comparison, the US m-commerce traffic fell on second place, with 54% of total ecommerce traffic. In France, Brazil and Russia, m-commerce traffic makes up a significantly smaller amount of total ecommerce traffic, at 35%, 33% and 23%, respectively. India and Germany m-commerce traffic hovers around half of the ecommerce total.
“The conceptual battle between brick and mortar versus online is dead,” according to a new report, and traditional retailers must embrace the smartphone and the ways millennials want to shop before 2025, when the transformation will be complete and laggards will cease to exist. ABI Research said retailers must combine data with innovations around inventory, POS systems and online information to leverage an evident multiplier effect on functionality and ROI.
Although ecommerce is booming, only 12% of retail businesses export online to other countries because of the high prices incurred by cross-border parcel shipment.
And this happens when 37% of retailers now sell via the internet in their own country, according to recent research by B2C Europe analysing the shopping habits of online consumers in eight countries in the eurozone, emarketservices.com reports. Read more
Debit cards are expected to dominate the payments market in terms of most preferred payment method in France by 2019 as consumers are getting increasingly attracted by the convenience of contactless payments and the greater use of debit cards for online transactions, a recent study reveals.
This growth in debit cards usage will be partially supported by consumer awareness of debt control and the continued migration of low-value cash payments to debit cards. Moreover, an increase in the use of contactless cards will also be one of the major drivers of this trend, according to a report issued by Timetric, a provider of online data, analysis and advisory services on key financial and industry sectors.
Globally, more than 70% of invoices are paid late, according to new data from MarketInvoice, a UK-based company that lends to businesses based on their outstanding invoices.
MarketInvoice gathered the statistics by looking at 30,000 invoices from 1.000 companies across 80 countries.
Romanian B2B ecommerce is expected to hit EUR 12 billion, up by 20% compared to 2015, according to industry insights.
The IT&C, appliances, auto, fashion and home&deco sectors have the highest shares in the B2B ecommerce, according to latest statistics issued by the ecommerce platform Teamshare, Romania-insider.com reports.
During the interval November 2015 – January 2016, 51 percent of UK online sales have been registered via smartphones and tablets, according to data from IMRG and Capgemini.
The report mentions this is a major increase as compared to Q3 2015 when only 45 percent of ecommerce transactions have been via mobile. The same source reveals that desktops and laptops accounted for 49 percent of total ecommerce sales, while tablets were used in 33 percent of cases. Smartphones ranked third with just 18 percent.
When it comes to visits to ecommerce websites in the UK, mobile devices accounted for two-thirds (66 percent) of traffic during the interval under review, up from 63 percent in the previous period. And it’s eleven percentage points higher than the same period in 2014, when mobile devices accounted for 53 percent of visits to retail websites.
According to Richard Tremellen from Capgemini, the 51% of UK ecommerce sales that happened via mobile devices is a very significant milestone in the history of the online retail sector.
Peoples Trust, a Canadian federally chartered prepaid card issuer in Canada, recorded significant growth in 2015 with the addition of 150 new programs and a nearly 19% increase in CAD volume from 2014.
Canada is one of the fastest growing prepaid markets and has emerged as a lead market for global fintech expansion in recent years. Peoples Trust specialises in helping card program managers establish, launch and grow card programs across Canada through BIN sponsorship, regulatory expertise and market guidance.
Vietnamese online retail sales are expected to increase more than two times by 2020, with total sales worth USD 10 billion (summing up 5% of Vietnam\’s total retail sales), a recent research study reveals.
Online retailers posted sales of USD 4 billion in 2015, according to The Vietnam E-Commerce Association in-house research, thanhniennews.com reports. Nguyen Thanh Hung, vice chairman of the industry group, said the market has finished its first stage of development, creating technology infrastructure, legal frameworks and a workforce ready for the next phase of growth.