PaymentsNews

On The Web

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Domains

Good Bye Expedited Payments. Hello Real Time. by Mike Kresse

“So why are consumers flocking to billers’ websites? First, the payments are made immediately – critical to consumers about to have their electricity or other important services shut off. With only 54 percent of consumers always paying their bills on time, according to Aite, a huge percentage of consumers need last-minute payment options. Second, most big […]
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Reports

30.2% of the computers and electronics market is now online

“This is up roughly 2.5 percentage points from 2016, when Internet Retailer estimates that 27.6% of sales in the category were online. There are 48 online retailers in the Internet Retailer 2018 Top 500 that sell in the computers and electronics category. The computers/electronics category had the third-highest e-commerce penetration in 2017 out of all the retail categories […]
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Global

Southeast Asian merchants lead in benefiting from Chinese mobile payment: Nielsen report

“Southeast Asian merchants are leading those in other regions in benefiting from Chinese mobile payment, according to data from the 2018 Trends for Mobile Payment in Chinese Outbound Tourism survey conducted by Nielsen and Alipay. Specifically about three quarters of Chinese tourists used mobile payments on their most recent trips to Singapore, Thailand, or Malaysia, surpassing […]
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Global

U.S. set to lose its position as world’s biggest retail market |Chain Store Age

“China’s economy may be slowing, but it is on track to overtake the United States and become the world’s top retail market this year. The latest forecast by eMarketer predicts that retail sales in China will increase 7.5% to $5.636 trillion in 2019. That’s approximately $100 billion more than the United States, where retail sales are […]
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Global

Mobile money transactions equivalent of half of Kenya’s GDP

“Central Bank of Kenya (CBK) data shows that mobile money transactions stood at Sh3.98 trillion ($38.5 billion) last year, having increased by Sh346 billion (10%) from 2017. This translates to an average value of Sh10.92 ($108 million) billion mobile cash transactions per day. n short, Kenyans moved nearly half the equivalent of the country’s gross domestic […]
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Reports

Holiday Wrap-Up: Mobile Dominates E-Commerce, Driving 66% Of Traffic

“Mobile shopping eclipsed desktop for the first time during the 2018 holiday season: 48% of orders came from mobile devices while just 44% came from desktop or laptop computers, according to Salesforce. Mobile accounted for 66% of all e-Commerce traffic during the season, and 74% of shoppers browsed from a mobile phone on Christmas Day.”

On The Wires

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