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.Read More
Sellers Can Now Receive Payments Directly Into Their Local Bank Via TranspayRead More
As an online marketplace, your goal when making payouts is simple: make payments to your marketplace partners as quickly and as cost effectively as possible, anywhere in the world – benefiting both your company AND your recipients.Read More
By 2020, some 940 million cross-border shoppers are expected to spend $1 trillion on eCommerce, or online payment, transactions.
For marketplaces, this growth in cross-border trade means processing, accepting and making mass payments in multiple currencies, which comes with a host of complications, ranging from currency conversion to making high-cost wire transfers.Read More
Transpay is a B2B/B2P (business-to-persons) cross-border payments platform specializing in supplier payouts to emerging and challenging markets. The company’s platform is designed to enable transfers across its global proprietary network for global marketplaces, merchants and resellers, and serve as an alternative to legacy correspondent banking wires, digital wallets and prepaid cards.Read More