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Archive for March 2015

India: online shoppers more into cards than cash – survey

Indian customers making online purchases prefer making payments through credit or debit cards rather than cash-on-delivery or online banking modes, recent research data reveals.

Nearly 74% of the respondents preferred credit/debit/prepaid cards over cash-on-delivery for their online purchases, while only 51% used cash-on-delivery, followed by 47% who used internet banking, according to a survey conducted by Visa card scheme, reports. Read more

По итогам 2014 года российский рынок онлайн-торговли вырос на 31%

Ассоциация компаний интернет-торговли (АКИТ) подвела итоги российского рынка e-commerce за 2014 год. Объем рынка российской интернет-торговли составил 713 млрд руб., за год показав рост в 31%, – в начале года АКИТ прогнозировала рост рынка в среднем на 30%. Ключевыми драйверами роста рынка выступили увеличение количества интернет-пользователей в регионах и развитие мобильного интернета. Read more

Traditional banks will struggle to secure mobile transactions in 2015 – report

Mobile payments security provider Omlis warns that financial institutions in Western Europe face losing consumer trust, marginalization and even relegation to less profitable markets if they neglect to address the outdated IT infrastructures used to secure their mobile payment transactions. Read more

South Africa: customers hunger for ecommerce purchases – report

There is a growing interest by South African internet users to shop online, with 22% of internet users having said they have made purchases online and 48% expecting to do so in the future, recent data reveals.

The key drivers that would encourage South African online shoppers to shop online more often are lower product costs (88% of online shoppers say this would make them more likely to shop online), faster delivery (selected by 85% of online shoppers), flexible delivery options (selected by 82% online shoppers) and safer ways to pay (selected by 75% online shoppers), according to a survey conducted by Ipsos, a global market research company, and commissioned by PayPal. Read more

Scandinavian ecommerce sector keeps steady rising trend – report

Cross-border ecommerce is growing steadily in the Nordic countries, with online stores in Sweden being popular among other Scandinavians, according to recent findings.

Norwegian consumers shop the most at foreign online stores, with 10% of them purchasing at Swedish ecommerce websites at some point every year’s quarter, according to the `E-handeln i Norden 2015` report issued by the postal operator PostNord, reports. Read more

Netherlands: ecommerce grows to EUR 13.96 bln in 2014

In 2014, the online retail industry increased by 8.4% to reach EUR 13.96 billion, recent research data reveal.

During July – December 2014, the ecommerce industry even grew more than it had done from 2009 onward, according to the ‘Thuiswinkel Markt Monitor’ report issued by the market research company GFK, reports. Although the growth rate of online spending in 2014 (8.4%) was about the same as in 2012 (8.6%) and 2013 (8.5%) there was a big change in H2 2014. During the period July-December, 2014 online spending increased by 11.9%. Read more

Россия в 2014 г.: платежи по картам продолжили рост, доля операций по снятию наличных уменьшилась

По сравнению с концом 2013 г. держатели банковских карт стали пользоваться ими более активно – такие данные содержатся в исследовании РосИндекс компании Synovate Comcon. Read more

Report: CNP Accounts for 40% of Total Value of Credit-Card Purchases in Australia

Card-not-present purchases accounted for more than 40 percent of the value of total credit-card spend in Australia, according to a supplemental report released recently by the Reserve Bank of Australia. By number of transactions, card-not-present channels accounted for 20 percent of credit-card use. By either measure, Australians are using credit cards online, over the phone and via mobile device more than ever. Read more

Poland: m-commerce grows threefold over ecommerce

Polish mobile commerce is growing three times faster than ecommerce, recent findings reveal.

Mobile payments on e-purchases are expected to increase to USD 0.9 billion (PLN 3.5 billion) in 2016, according to a survey by PayPal and market research company Ipsos. From 2013 to 2016, the average annual growth in mobile commerce in Poland is estimated at 32.8%, compared to 10.4% across all ecommerce, including m-commerce. Mobile spending in Poland was worth USD 0.38 billion (PLN 1.5 billion) in 2013.

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UK: over 9 percent increase in ecommerce-based parcel volume in January 2015

UK parcel volumes from online retail orders grew 9.5% year-on-year in January 2015, recent findings reveal.

Although this is below the 13% forecast for the year, it is higher than the growth seen in January 2014 (3.8%), according to the MetaPack UK Delivery Index issued by Interactive Media in Retail Group (IMRG) and the ecommerce delivery services provider MetaPack. The number of parcels dispatched by UK retailers through UK carriers is expected to break the 1 billion mark by the end of 2015.

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Apple Pay hit by fraudulent transactions

Apple’s new mobile-payment system, ApplePay, has been hit by a wave of fraudulent transactions, The Wall Street Journal reports.

The transactions were using credit-card data stolen in recent breaches of retailers including Home Depot and Target

About 80% of the unauthorized purchases have been for items bought with smartphones at Apple’s own stores. The Apple Pay system itself has not been penetrated by hackers. Rather, fraudsters are entering stolen card data into phones, which can then be used to make purchases without a physical card being present.

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9.5 mln NFC-ready POS terminals shipped worldwide in 2014 – report

An estimated 9.5 million NFC-ready point-of-sale (POS) terminals were shipped worldwide in 2014, a recent report reveals.
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EU privacy watchdog to future-proof data protection laws

EU legislators have now the ability to future-proof new data protection laws against major technological advances by ensuring that they are not too prescriptive.
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