Desktop-based e-commerce sales in the US hit USD49.8bn in Q2, the 15th straight quarter of increases, according to new estimates released by comScore. The revenues were up 16% year on year and comScore has pointed towards sales in April being particularly high. The figures highlight how quickly the retail market is being impacted by e-commerce, with Q2 typically a quieter period for online shopping.
“The second quarter tends to be seasonally lighter for e-commerce and, as such, the data represents a positive indicator for the back half of the year,” says comScore chairman Gian Fulgoni .
The new figures also reveal that top e-commerce product categories such as consumer packaged goods and digital content grew by at least 19% compared to a year ago. comScore says that consumers in the US spent USD4.7bn via m-commerce and that here accessories and apparel was the most popular product category.
Barclays has signed contracts with six of the fintech startups that just graduated from its second New York accelerator programme.
Company card killer Pleo has raised $3m in new funding as it prepares for public launch in the UK and Denmark.
Cheques are become less and less common in the UK according to new research from global market research firm Mintel which claims contactless card use has overtaken cheque payments in the UK for the first time.
Payments for digital and physical goods made mobile operating system-based payments platforms like Apple Pay and Android Pay are expected to boom in the next few years according to new analysis from Juniper.