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PayPal sets out new plan

Dan Schulman, the new CEO of PayPal has set out his vision for turning eBay’s payments arm from a button on a website into the operating system for digital commerce. Schulman, who joined PayPal from American Express and is currently working under the title of president and CEO designee ahead of the firm’s spinoff from eBay, told investors at a… Continue reading >>

UK m-commerce spend to grow by 77.8% to £14.95 billion in 2015

The UK is set to make more than a quarter (28.6%) of all online purchases through mobile devices in 2015, according to an international study commissioned by RetailMeNot. The study, carried out by the Centre for Retail Research (CRR), presents the key figures and trends for m-commerce in eight European markets and North America. The report confirms the UK’s status as… Continue reading >>

Online payment methods around the world

Not all countries have cards as the predominant payment method when paying for goods and services online. Payment methods can be quite diverse from country to country. Expert Market have designed a map to display the different online payment methods of 29 countries around the world. The data has been compiled by global payment company Adyen who have processed over… Continue reading >>

Indian ecommerce hits $22 billion

According to PwC, the Indian ecommerce industry is expected to reach $22 billion in 2015, as compared to $16.4 billion in 2014. Currently, e-Travel comprises 70% of the total ecommerce market, according to the `eCommerce in India: Accelerating growth` report issued by the market research company PwC. eTailing, which comprises online retail and online marketplaces, has become the fastest-growing segment… Continue reading >>

Mobile commerce growing three times faster than e-commerce

In a new piece of research issued by PayPal in collaboration with the market research company Ipsos, mobile commerce is growing at nearly three times the rate of overall ecommerce at a global level, the data reveals. From 2013 to 2016, the multi-country average compound annual growth rate (CAGR) for mobile commerce is projected at 42% versus 13% for overall ecommerce (including… Continue reading >>

Visa unveils global expansion plans for Checkout

Visa Inc. has announced that Visa Checkout will become available in a total of 16 markets in 2015, continuing the growth the proposition has experienced since launching in three markets in the summer of 2014. Consumers from ten countries can now sign up for Visa Checkout and start using the service. In the coming months, Visa will extend the service… Continue reading >>

E-commerce experiences growth in Brazil through cross border sales

Brazilian e-commerce generated revenues of R$35.8bn ($13.3bn) in 2014 with an annual growth rate of 24%, according to e-bits’ recently launched e-commerce study. Brazil has a total of 61.6 million people who have already purchased online, out of which 51.5 million unique online buyers placed a total of 103.4 million e-orders in 2014. Apparel and accessories continue being the most… Continue reading >>

2015 onwards – The future of payments

What will the world of payments look like in 20 years’ time? PCM dusts off its crystal ball to get a glimpse into the future. We are on the threshold of a brave new world of payments. If the last 20 years are anything to go by, the next two decades promise even more mind-boggling innovations that will transform the… Continue reading >>

Survey reveals the growth of the multi-channel consumer

A recent survey has revealed that consumer trust in newer payment methods has declined significantly in the last year. However, despite this lack of trust, the results also demonstrate that consumers are still increasing the breadth of channels they use to make payments. The survey, conducted by Compass Plus in which 650 UK residents answered questions about their banking and… Continue reading >>

Every $100 of fraud from mCommerce costs merchants $334 in 2014

LexisNexis Risk Solutions has released its annual True Cost of Fraud Mobile study, which indicates that as merchants flock to the mobile channel so too are fraudsters. Revenue that mobile commerce (mCommerce) merchants lost to fraud spiked 70% in 2014 to 1.36% compared to 0.80% in 2013. For comparison, all merchants lost 0.68% of revenue to fraud in 2014 in comparison to… Continue reading >>