B2C e-commerce sales grew by double digits again in Southern Europe. In 2014, this growth amounted to 15.4%, resulting in a total B2C e-commerce turnover of € 47.3bn. In comparison, in the preceding year, Southern European online sales grew by 19.2% and for 2015 an increase of 13.5% is expected. This means the turnover will grow to more than € 50bn in 2015.
Archive for October 2015
While mobile wallets enabling payments at the POS (think Apple Pay, Android Pay and Samsung Pay) are garnering most of the headlines, online mobile commerce continues to dwarf in-store mobile payments. Given the growing adoption of smartphones globally, the fact that mobile surpassed desktops and laptops as the primary means to access the Internet two years ago (with the gap widening), tokenization capability that is being built into the mobile payment ecosystem and the in-app capabilities of the mobile wallets, Boston-based consultancy Aite concluded “it is not unreasonable to envision a future in which mobile online payment is the ‘business as usual’ option, supplanting traditional POS at retail and e-commerce online.”
E-commerce retailers in the U.S. are gearing up for a busy holiday season, according to a new report. Not only will overall spending increase slightly this year compared to last year, but consumers figure to increase the percentage of online shopping they do through both traditional e-commerce and m-commerce, the National Retail Federation found in its annual Holiday Consumer Spending Survey. Average spending by U.S. consumers will rise this holiday season from $802 per person to nearly $806. And, shoppers expect to conduct 46.1 percent of their holiday shopping online, the survey found, up from 44.4 percent in 2014.
Seventy percent of global e-commerce experts agree that selling cross-border has proven to be profitable and a growing share of merchants are willing to focus on emerging markets to sell their goods, according to a new report from Payvision and CardNotPresent.com. In its third year, Key Business Drivers and Opportunities in Cross-Border E-Commerce, the largest B2B cross-border e-commerce survey in the world, found that fear of emerging markets—specifically China—is waning. The number of respondents who agreed that emerging markets are their primary focus when selling internationally grew from 31 percent in 2014 to 40 percent this year.
Millennials are quickly adopting their smartphones to make payments and, as the generation that invented the selfie, consider the phone’s camera an integral part of transacting, according to a new report from Zogby Analytics commissioned by Mitek. Of the more than 1,000 18-to-34 year olds polled, 86 percent said they make purchases and conduct transactions with their mobile phones and more than 10 percent do so daily. Half reported making transactions and purchases via mobile Websites or apps “at least a few times a week,” and 72 percent do so at least monthly. Only 11 percent have never made a mobile purchase, according to the survey results.
The Indian ecommerce market is forecasted to register a 36% increase by 202, boosted by huge discounts and the rising use of smartphones, a new research study reveals.
The expanding smartphone user base, huge discounts and offers, increasing per capita disposable income and the growing youth population, will be the drivers for the predicted compounded annual growth rate, according to a recent report issued by Canada-based TechSci Research, indiatoday.in reports.