China’s e-commerce market will hit $1 trillion this year, a year ahead of predictions, according to Forrester. The report reveals the growth in mobile shopping and consumer spending in categories like fashion and grocery would see China’s retail sales reach $1.1 trillion in 2018. Chinese online shoppers will continue to grow by 4.6% annually to [...]
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Online retailers are continuing to lose out on sales by failing to address customers’ preferred alternative payment methods. According to new research, 67% of UK consumers have abandoned an online retail transaction due to the payment process, only down 1% in the past four years from 68% in 2014. With the biggest reasons cited as [...]
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In 2017, retail e-commerce sales worldwide reached $2.304 trillion, a 24.8% increase over the previous year. Mobile payments were a key factor, as m-commerce sales totalled $1.357 trillion, making up 58.9% of digital sales—a large jump in share from 40.2% in 2015 according to , eMarketer estimates. A majority of first-time digital buyers are now [...]
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PayPal announced that it now has more than 250 million active customers using its payment services. It has taken the firm just over 18 months to get to that goal since it announced that it had passed 200 million users in February last year. The company said that the growth in users meant that around 3 million [...]
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In the last months it has been reported that 7,339 (and counting) individual e-commerce sites have been infested with the MagentoCore card skimmer malware in the last six months, making the malicious script one of the most successful payment card threats out there. The infections are part of a single effort, all tied back to [...]
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