The payments landscape is evolving because of fintech advances and the ever-shifting sands of consumer habits. From COVID creating an uptick towards contactless payments by customers, to voice commerce on devices like Alexa — here’s five payment trends to watch.…
COVID-19 Isn’t the Only Thing Shaking Up the World of B2B eCommerce B2B ecommerce is growing nine-times faster than all U.S. manufacturing and distributor/wholesaler sales.1 Broad factors are at play above and beyond the impacts of the virus. The growing…
Personalizing Your eCommerce Payments Process Is Key By personalizing your customers' ecommerce payments experience and rethinking key elements of the checkout process, you can optimize sales conversion rates and create a friendlier and easier-to-use experience for your shoppers. One Size…
Drive International Success with Local Payments Businesses are no longer limited by physical borders. Understanding customers’ payment preferences and offering local payment methods creates an optimal checkout experience that increases sales. This guide looks at how culture, behavior and available…
The Future of Commerce is Mobile Every day shoppers around the world are choosing to pay for their everyday items with the mobile devices in their hands in place of the cash and credit cards in their wallets. Thanks to…
Rapyd conducted a survey online in August 2020 to determine how the COVID-19 pandemic had impacted US consumers’ preferences for cash and digital payments. We found that consumers are more eager than ever for merchants to adopt digital payment methods.…
The Power of Local Payments In A Global Market eCommerce isn’t just becoming more global, it’s also becoming more local than ever before. Your company’s website is an essential place to both localize the shopping experience and optimize the checkout…
Businesses Need to Accept Local Payment Methods in India to Meet Consumer Preferences To secure a foothold in the $36.5 billion1 Indian ecommerce market, digital commerce leaders need to offer a range of payment options. Even before the offline-to-online shift…
Mexico’s Payment Methods that Local and Cross-Border Merchants Can’t Overlook With 127 million1 inhabitants, Mexico is the 10th most populous country in the world—and many of those people still haven't fully embraced online shopping. But with an annual growth rate…
India is home to the highest consumer ecommerce growth rate in the world.1 This market has seen explosive adoption of digital money and smartphones over the last five years2 and the Covid-19 pandemic has further accelerated this trend. The government…
In Mexico, government programs are improving internet connectivity, driving the adoption of digital payment methods and growing smartphone use at the fastest pace in Latin America. While buying habits are shifting quickly, payment preferences are slower to change. A considerable…
Companies that Traditionally Relied on Cards Must Accept Mobile Payments or Risk Being Left Behind US consumers are more eager than ever for merchants to accept mobile payments, ewallets and other alternative payment methods. Merchants that enable customers to pay…
France is one of Europe's top online markets for fashion. French consumers favor credit cards, though their preferred payment methods vary based on what they're buying. Any company expanding into France should be prepared to offer all preferred local payment…
A Market in Flux Creates Opportunity for Businesses that Quickly Adapt to Changing Consumer Behaviors. Between Brexit and the coronavirus pandemic, the United Kingdom is in a moment of massive economic upheaval. U.K. consumers across Britain, Northern Ireland, Scotland, and…
For marketplaces looking to receive payment from customers or pay their sellers locally or overseas, the ability to easily collect and disburse funds in your user’s preferred method is a constant challenge. With global growth comes new regulatory, compliance and…
The coronavirus pandemic means we still don't really know for certain how Brexit is affecting ecommerce. However, if what's happening during the COVID-19 pandemic is any indication, ecommerce is alive and growing in the U.K.1 As physical stores shuttered, ecommerce…
Opportunity abounds in Eastern Europe for ecommerce merchants who adapt their sites to local ecommerce and payment norms. The idea of Central and Eastern Europe (CEE) as a cohesive region is a misnomer. In many ways, the only similarities shared…
Platforms that Don’t Offer Real-Time Payments are at Risk of Losing their Sellers and Gig-Workers. Globally, 85% percent of gig economy workers would work more often if they could get paid faster, according to a recent analysis by PYMNTS.com.1 Gig…
Global cross-border shopping will make up 17% of ecommerce by 2023, with sales of $736 billion globally, according to an eShopWorld report1. Given these estimates, global cross-border ecommerce opens up significant growth potential for businesses. Four billion people have the…
This is the third in a series on the impact of COVID-19 on the digital economy. For more, please read Defying the COVID Economy: These Industries Thrive During the Economic Downturn There’s no denying that the COVID-19 pandemic has done…
The COVID-19 pandemic has made ecommerce an even more entrenched part of how we shop, buy and access products for daily needs. This effect is felt most in fast-growing ecommerce markets that were already experiencing large-scale shifts in consumer behaviors.…
We are entering the fourth industrial revolution1: artificial intelligence, robotics, and connected societies are powering new businesses that leverage the broader opportunities of the diverse, global workforce. Platform, marketplace, and gig-economy business models are taking advantage of workers and supply…
The island nation of Indonesia is home to more than 200 ethnic groups1. With the world’s fourth-largest population and a GDP of over $1 trillion2, this archipelagic country boasts the biggest economy in Southeast Asia – a region brimming with…
Brazil offers ecommerce leaders lucrative opportunities in the largest eCommerce market in Latin America1. Understanding how Brazilian consumers engage in digital commerce and how they prefer to pay is absolutely vital to capturing and growing business. Online marketplaces, digital goods sellers…
Germany can be a challenging market for international ecommerce companies. It’s citizens favor German-made products — due in part to domestic companies' deep cultural understanding of their clientele. Companies looking to enter this market or succeed with cross-border sales need…
Payment fraud is a global problem. In Europe's single Euro payments area (SEPA), annual losses owing to card fraud are approaching €2 billion. Across the Atlantic, the United States' Federal Trade Commission says it collected 1.4 billion fraud reports in…
eCommerce sales ballooned to 691 billion1 Euros across Europe in 2019. While Europeans are united in their growing adoption of ecommerce, their preferences vary wildly when it comes to how they like to pay. European consumers demand trusted local payment…
When businesses seek fast-growing markets, they often think of Asia. But Latin America is a compelling choice for businesses with the know-how to meet local consumer payment preferences. Economic volatility and political unrest in countries, like Venezuela, tend to dominate…
The Asia-Pacific region accounts for nearly two-thirds of global transactions. To successfully tap into this market, ecommerce leaders must look beyond cards and popular ewallets like Alipay and WeChat Pay. “Too often, merchants and retailers enter APAC thinking that offering…
For ecommerce companies, marketplaces, and gig-economy platforms looking to expand in Asia, few countries compete with Singapore's combination of affluent consumers and digital infrastructure. Digital adoption and usage among Singapore’s citizens and government efforts to transition to a cashless economy…
