Dear Subscriber,

By 2020, it’s expected that some 940 million online shoppers will spend almost $1 trillion on cross-border eCommerce transactions, so how will the payments industry begin to adapt and manage this huge increase in demand in 2017?

And in other news, financial marketplace Raisin has raised $30m in Series C Funding, and HSBC has announced that it will be closing 62 branches following a significant shift of customers to mobile banking.

Enjoy!

Alistair Singer, Senior eCommerce Manager at Barclaycard, examines what’s in-store for the cross-border payment industry this year.

Raisin, the financial marketplace that connects customers looking to save with the most attractive deposit offers from European banks, has raised $30 million in Series C funding.

HSBC will close another 62 branches this year that will result in 200 jobs being lost, saying the restructure is due to the rise of mobile and internet banking.