Online retail spending in the US was valued at USD43.2 billion for the second quarter, an increase of 15% compared to last year according to comScore’s Q2 2012 report. The report shows that e-commerce in the US is seeing its eleventh consecutive quarter of growth, but comScore chairman Gian Fulgoni remains cautious for the remainder of 2012.
“Although e-commerce remains strong, we are taking a cautious view of the second half of the year in light of some renewed signs of economic uncertainty and a stubbornly high unemployment rate,” he says.
In addition, the report indicated that 42% of e-commerce transactions included free shipping with the top-performing online product categories including computer hardware, apparel and accessories and digital content and subscriptions growing at least 16% in comparison to 2011.
Booking travel arrangements online has never been faster, cheaper, or more convenient for consumers. The rise of smartphones in particular has resulted in an uplift in last minute bookings, and with the younger generation driving the digital shift, travel operators need to deploy mobile-first experiences, or run the risk of being left behind.
New research by UN-based Better Than Cash Alliance show that Alipay and WeChat Pay enabled a total of $2.9 trillion in digital payments in China last year.
The Second Payment Services Directive (PSD2) is a payments regulation in Europe, which is set to drastically impact the infrastructure for banks, fintechs and businesses using payments data by opening up access to third party providers.
For e-commerce marketplaces, user experience has long been a prime focus. From aesthetic quality to ease of use, UX plays a major role in determining whether consumers stick with the platform long-term or abandon it in favor of a competitor.