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E-Commerce: Growing Brick by BRICS

By Transpay | April 4, 2018

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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Topics: China, e-commerce marketplaces, cross-border payouts, e-commerce payouts, BRICS, Brazil, India, Russia, South Africa

PYMNTS: How P2P Gives B2B X-Border Merchants A (Revenue) Lift

By PYMNTs | June 8, 2017

Source:  

PYMNTS.COM

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.

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Topics: Cross - border payments, News & Events, global payments, digital marketplaces, ecommerce, e-commerce payments, e-commerce marketplaces, cross-border payouts, pymnts.com, payout solutions, b2b payouts, e-commerce payouts, marketplace sellers, global e-commerce

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