2015 has come and (nearly) gone, and for the retail industry, it has been a year of big change. From a variety of new payments options and requirements to new ways to sell online, there are a number of trends propelling the industry forward. Here are Dax Dasilva’s predictions for which retail trends will bubble to the top in 2016, and how winning retailers will react.
While we hear about the explosive growth of ecommerce in the U.S. and China, one can’t help but wonder what the next big market will be. Which countries are on … Continue Reading →
China-based consumers shopping U.S. brands online through Alipay ePass has increased 8 times over last year. Check out this infographic highlighting this growth, as well as increases in sales, top categories, key demographics, and shoppers by region.
A new study from Javelin suggests that while card-not-present fraud is expected to rise post-EMV in the U.S., outsourcing may help address the issue.
The point-of-sale has long been a battleground for retailers. Retailers want control over the payment process, but card networks and banks call the shots.
Representing a record-breaking year, the number of China-based consumers shopping U.S. brands online over the holiday season has increased 7 times over last year.
Amidst a year of market-moving news coming out of China, no shortage of attention has been paid to its growing consumer class’ buying power as more enter the global online ecommerce market. PayPal and Ipsos released the findings of their second global cross-border commerce report, which investigated the online and cross-border shopping habits of more than 23,200 consumers in 29 countries, and reveals new opportunities for merchants to expand their international sales.
International gift basket seller GiftBasketsOverseas.com announced the launch of its webpage in Chinese http://www.giftbaskets.com.cn, along with its mobile device counterpart http://m.giftbaskets.com.cn.
While Alibaba reported Singels Day sales of $14.3 billion – up 60% from last year’s 11.11 Global Shopping Festival – the Chinese shopping holiday was not all about Tmall, Taobao and Alipay. Check out more highlights, facts, and figures in our pseudo-live Singles Day 2015 blog.
Last month, PayPal launched a new chip-card reader that will accept contactless mobile payments including Android Pay and Apple Pay. Simultaneously, credit card companies like Visa and MasterCard are changing … Continue Reading →