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March 8 Payments NEXT news: cross-border e-commerce success, global payments trends, BOPIS sales +46%, news roundup |
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There may be distractions in DC, tornados, and trade wars but your weekly global payments news is here as always. We’ve got features on the recipe for cross-border e-commerce success, highlights of global payments trends to watch in 2019 and insight into why BOPIS sales jumped 46% during last year’s holiday shopping season.
The weekly payments news roundup has plenty of highlights including Philly totally banning cashless stores. millennials and mobile banking, Barclays UK payments innovations, PayPal Working Capital’s SME UK success, US retail closures, Sam’s Scan and Go and much more. Great weekend reading to keep you on top of the global payments news.
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Ingredients for cross-border e-commerce success
Are you already selling globally or unsure where to start or how to improve your cross-border sales? We’ve got some insight and tips from Shopify Plus that should help you tap into the estimated $3.5 trillion global retail e-commerce market. Some 57% of global online shoppers already buy from overseas retailers and it’s even higher in Europe at 63.4%. The numbers are also encouraging in the Asia-Pacific market (57.9%), Africa (55.5%) and Latin America (54.6%). Read more… |
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Global payments trends to watch in 2019
Credit and debit card payments account for the vast majority of the US online purchases, particularly with the introduction of contactless payments. This doesn’t ring true for the rest of the globe. Card issuers such as Visa and Mastercard only account for 23% of e-commerce payments worldwide, while local payment methods (LPMs) outside of traditional card payments facilitate the different needs of global geographies (such as bank transfers and e-wallets) and account for 43% of global e-commerce transactions. Read more… |
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Why BOPIS 2018 holiday shopping sales jumped 46%
While 2018 holiday shopping retail results were up a solid 5.2%, it’s the buy online pickup in-store (BOPIS) sales jump of 46% that got industry analysts' attention. A new report from Bell & Howell and OrderDynamics has some answers on why shoppers are embracing BOPIS, which retailers are doing it right and where some retailers need to improve to compete. Read more… |
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| March 8 Global payments news roundup
What a busy week in the payments world despite the distractions in DC! Here’s your weekly global payments news roundup. Philly became the first US city to ban cashless stores totally. A Mitek survey looks at cross-border e-commerce and a recipe for success. We’ve got highlights of global payments trends to watch in 2019, insight into millennials and mobile banking, and Barclays UK payments innovations. Read more... |
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