The development of new technology affects the world we live in every day – including the Direct Selling Industry. Social media sites have been beefing up their game, not only for personal use but for professional use as well. Sites like Facebook, Instagram, and Pinterest have been using this notion to gain traction on sales by making it possible for direct sellers to use these sites as a second source of income.
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In a recent blog post, Ingenico Group took a close look at factors that drive e-commerce in the BRICS (Brazil, Russia, India, China, and South Africa). With 720 million online shoppers in 2016, an e-commerce study released by AliResearch expects BRICS nations to hit 1,350 million by 2022. The report shows how rapidly BRICS e-commerce is growing, thanks to improved internet infrastructure and increased adoption of smart phones.
Several important country highlights include Brazil and South Africa's rapidly increasing growth rates, Russia's cross-border e-commerce driving the economy, India paving the way with mobile, and China's largest online retail market.
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Read MoreAs roughly one million international students visit the U.S. for higher education opportunities each year, many parents end up getting an unexpected crash course in cross-border car shopping. A slew of recent cross-border payment developments indicates that it’s time for various groups and markets to get a refresher on the shifting market.
According to London’s Centre for Economics and Business Research, Australia’s economy will become the world’s 11th biggest economy by 2026, thanks in large part to a growing population of skilled workers needed to keep up with the digital evolution of the world’s economy. Due to this projected growth, we decided to focus this month’s country spotlight on Australia and some of our client industries.
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Our first country spotlight of 2018 takes us to Thailand, whose capital, Bangkok is one of the most visited cities in the world. With a booming travel economy, growth in the direct sales markets, and a strong gig economy, Thailand is a prime market for Transpay partners looking to expand into Southeast Asia.
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Read MoreAs the PSP segment in the payments value chain is maturing, retail prices for online payments are steadily dropping, while the level of service offered to merchants is only increasing. Consequently, players aim to gain scale and increase capabilities through strategic acquisitions. This report describes the global PSP space today and defines the capabilities offered by the different participants in the ecosystem.
With the beginning of the New Year, we’re seeing lots of predictions for 2018 for the Travel, Tourism and Hospitality industry. Below is a roundup of two of the headlines and predictions that caught our eye here at Transpay: competition for OTAs and emerging markets travel.
Read MoreLearn how Transpay's cross-border mass payment platform can help your business reach new markets, offer real-time payouts in local currencies, and save your business up to 90% in fees.
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