Alternative payments keeps China on top of the global e-commerce tree
China is set to retain its dominant position in the global e-Commerce landscape, boasting 9.9% growth to surge to CNY 15.2 trillion ($2.2 trillion) in 2023, driven by the ongoing shift of consumer preferences from offline to online shopping. According to GlobalData’s E-Commerce Analytics, e-Commerce sales in China grew at a CAGR of 11.2% between […]
Introducing Intelligent Acceptance: Solving the $50.7 billion payment performance problem
Payments are so ubiquitous that we often forget that each one is a unique combination of data points that are catapulted across providers, players, systems and ecosystems with one outcome in mind—to be approved. But behind the simplicity of this equation are millions of optimizations that need to take place to ensure success. When optimized […]
Sports present ‘huge opportunity’ for digital payments
As revenues grow, sports are an area where digital payments could look to consolidate its strength, driven by increased global usage of apps and contactless transactions within venues and stadia. GlobalData’s latest report, ‘Digital Payments in Sport – Thematic Intelligence’ reveals that by 2028, it’s expected that only 9% of payments made globally will be […]
Financial services boosting biometric device shipments post-COVID
Global biometric device shipments fell from 4.1 million in 2019 to 3.4 million in 2021 and recovered slightly to 3.6 million in 2022, with global trends impacting usage in banking, financial services and insurance (BFSI) sectors. According to a new report by technology intelligence firm ABI Research, geopolitical and macroeconomic events, including the conflict in […]
The impact of AI on the payments technology sector
Artificial Intelligence (AI) is revolutionising many industries, and the payments technology sector is no exception. AI-powered technologies are reshaping the way payments are processed, enhancing security, efficiency, and overall customer experience. This article explores the ways in which AI is impacting the payments technology sector and the benefits it brings to businesses and consumers… Fraud […]
The rise of retail pop-up stores
By Emily Farmer, Senior Market Manager UK at Peerspace As summer sales kick off, brands and consumers alike face challenging economic headwinds, many online retailers are ‘getting physical’ when it comes to selling their products. Known as ‘bricks and clicks’, this trend sees brands marrying the mass power of e-commerce with the physical allure of […]
Stand up and fight: How the pandemic forced Huggg Founder Paul Wickers to get creative with e-commerce
By Paul Wickers, Founder at Huggg When I left my banking job to start indie coffee shop chain Huggg, I thought I was prepared for the challenges I would face. Then the pandemic hit and effectively shut my business down overnight. I was left with 3 options – give up; hunker down; or stand up […]
Brilliant Brighton to launch gift card for the City’s shops and services
Brilliant Brighton has unveiled plans for a new gift card for the city that can be spent like a debit card with shops, restaurants and leisure venues, in a first of its kind collaboration with Brighton based Tillo. Working alongside Brilliant Brighton, Tillo is sponsoring the Brighton Gift Card as a means to drive local […]
How the most trusted brands are winning the fight against Account Takeovers
Account takeovers (ATOs) continue to plague digital businesses. ATO attacks increased by 90% in 2021 alone, according to Javelin Research. They have become so widespread that a Security.org report estimates that one in five households have been victimized, resulting in an average loss of $12,000 per ATO attack. An ATO is a type of identity theft […]
Co-op adds PayPal for online purchases
Co-op has partnered with PayPal to offer additional choice for shoppers to make purchases of groceries through its online shop. PayPal is now available for shoppers as a payment option for purchases of online home delivery orders and click and collect via Co-op’s online shop – shop.coop.co.uk – enabling shoppers to buy online and pay […]
