Computop Offers Alipay | Enables Merchants to enter Chinese Market
LONDON | Computop, a leading payment service provider (PSP), today announced the addition of Alipay, a commonly used third-party online payment solution in China, to its Paygate payment platform. As a result of this cooperation, Computop Paygate customers will benefit from being able to provide Alipay as a payment option to their customers. This will [...]
E-commerce in India: Expect Growing Pains
Source: economist.com, April 25th 2012, by A.A.K., Mumbai NINJUU NARANG, a middle-aged cloth manufacturer and wholesaler from Gujarat, is in a cheerful mood. Last month he sold saris worth $20,000 in just 10 days on Snapdeal.com, a Bangalore-based daily-deal and e-commerce portal. Every morning he wakes up to a consolidated list of customer orders [...]
Online Retailing India by 2024-2025: at least $70 billion
Source: livemint.com, June 28th 2012, by Surabhi Agarwal & Deepti Chaudhary Vidhi Choudhary and Suneera Tandon contributed to the story INDIA | Up until last year, private equity (PE) and venture capital (VC) investors were engaged in a frenetic race to fund Indian e-commerce companies as they sought to tap a market seen to have enormous [...]
Online Retailing: Britain and Europe 2012
Source: Centre for Retail Search UNITED KINGDOM | E-commerce is one of the fastest growing markets in Europe. The statistics are problematic as state statistical research organisations tend to underestimate the size of the sector. Based on CRR research commissioned by Kelkoo, 2011 online sales in the UK were £50.34 billion (€59.4 billion) or 12.0% [...]
Online payments 2012 – Moving beyond the web
THE NETHERLANDS | The 2012 edition of Innopay’s Online payments report is subtitled ‘Moving beyond the web’, as online payments advance into physical world. Authors Jip de Lange, Alessandro Longoni and Adriana Screpnic provide the reader with a comprehensive overview of trends and developments, both on a global and a regional scale. A must read for the [...]
Creating a Web Startup in China – The Yunio Way
CHINA | Not many foreigners are brave enough to start a company in China, especially an internet business. Willing to try are the people of Yunio (云诺), who have created a cloud storage service much like Dropbox, but with an advantage the competition doesn’t have: access to the Chinese market. I recently had the pleasure [...]
Germans like to shop cross-border
GERMANY | 60 procent of all German Internet users have at least once bought abroad. Main reasons for the German online shoppers: products are not available through German webshops (85%) or a higher price (77%). The favorite countries to purchase from are the United Kingdom, the United States and China. More than one third of [...]
Belgium Online Retail Sales Grow More Than 20% (2011)
BELGIUM | Online retail sales grow more than 20% year over year in the country. Online sales in Belgium rose by more than 20% year over year in 2011 to reach 1.10 billion euros (US$1.45 billion), compared with 903 million euros (US$1.19 billion) in 2010, according to BeCommerce, the Belgian federation of e-commerce and mail [...]
UK shoppers spend 32% of total budget online
UNITED KINGDOM | UK internet users make almost a third of all their purchases online – the highest proportion of any European country, according to a new study. IAB (Interactive Advertising Bureau) Europe’s latest Mediascope Europe study shows that UK internet users spend 32% of their total shopping budget online, followed by German users at 25.4%. The [...]
Online Retail Sales in Canada trailing behind?
CANADA | We stumbled across this excellent post from the Canadian Grocer that we wanted to share with you. Astonishingly the online retail market for Canada is trailing 5 per cent behind the US…and the quickest way to close that gap may lie in France… Only 2 per cent of total retail sales are made [...]
