Alipay, China’s largest e-payments provider, has been cutting deals to get non-Chinese e-tailers to adopt it as a payment option. Alipay, which now settles transactions in 14 currencies and 34 countries, created this infographic containing some interesting stats surrounding the company’s growing cross-border business.
While the U.S. is at a disadvantage for not having migrated to the EMV standard yet, we also have the advantage of being able to look at the example set by other countries, and analyze and learn from how they managed to upgrade.
PayPal’s global business generated $986 million in revenue in the second quarter, and international revenue grew at a rate of 19% year over year. Here’s a look at what’s sparked the 11th consecutive quarter of global growth for PayPal.
PacNet Services, an international payment processing company and leading supplier of payment services for global ecommerce, today confirmed their attendance at Growing Global 2014, running July 15 and 16 in Long Beach, CA.
The company’s more than 25 million registered customers can now pay for more than 10.5 million products including electronics, computers, game consoles and household items using Bitcoin through BitPay.
Many Brazilian consumers are forgoing the country’s local businesses, choosing instead to buy American goods as a sign of wealth. But many U.S. retailers are struggling to sell to Brazilian consumers due to the country’s closed-loop network policy, which restricts Brazilian cardholders to only using their credit/debit card within the country.
Since instituting Google Wallet Instant Buy in 2012, Rockport has seen 90% of consumers who begin a mobile purchase using the application to complete it, compared to just 3% for mobile purchases overall.
Global ecommerce and international logistics solutions provider Bongo International announces that they are the first in their field to accept Bitcoin, the decentralized P2P currency.
Payscout details the growing global ecommerce industry, which the company says American small and medium-sized businesses are failing to capitalize on due to the difficulties that lie in foreign currency processing.
Ebay Inc. announced this week that PayPal president David Marcus is leaving the company for Facebook.