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.
In this guest post, Anthony Walton, CEO of Iliad Solutions, explores how businesses and regulators can increase the safety and efficiency of transactions, and introduce technological advances into the system.
Payment terminals have stayed the same over the last 10 years, with steady advances in contactless and mobile wallet transactions. Retailers and brands are making a conscious effort to get closer to consumers.