As the figures from the weekend’s sales bonanza trickle in, one thing is abundantly clear – people prefer to pay online. With that in mind, the infographic below charts the rise of e-commerce from the early adopters who saw the potential power of the internet to the behemoth it is now and the monolith it will be in the future.
It traces the biggest e-commerce acquisitions in the past ten years such as Amazon’s purchase of Zappos, an online shoe retailer , as early as 2009.
Another example of the increasing e-commerce dominance is the fact that major retailers, stalwarts of the high streets, are closing down or planning to close down many of their branches. In the US Staples will have closed 225 of its locations by the end of 2015.
The Emerging Payments Association discuss the impact of Brexit on the fintech industry at the latest payments industry event.
Jonathan Quin, co-founder and CEO of World First, explores how established financial institutions and newer fintech disruptors stand to benefit from collaborating with one another in the fast-moving financial services sector.
With advancements in technology and the subsequent availability of data, it seems surprising that banks seem to know less about their customers than ever before.
In an era where cheques are largely a thing of the past for organisations that operate within these shores, many people will be surprised to learn that many overseas B2B payments are still made by cheque.