Ecommerce is changing everyday, and sometimes by the minute. So many new ideas and developments everyday, becomes hard to keep track.
We bring to you a curated digest of ecommerce developments/happenings around the world, compiled from various publications across the Internet.
Visa have announced that Visa Checkout has launched in the UK, debuting on lastminute.com. The popular checkout service allows users to conduct their online shopping with a single sign in of a username and password across all Visa Checkout merchants. Visa Checkout launched in the US in 2014 and the service is currently available in 23 markets, with 300,000 merchants and over 20 million consumer accounts.
WorldFirst is launching a new service called World Account, which is a multi-currency payments platform for online sellers trading globally. Designed to help marketplace sellers overcome some of the hurdles and costs associated with international commerce, The World Account allows online sellers to open one or more accounts in multiple currencies around the world enabling them to collect payments in, hold balances and make payments out in local currencies. World Account removes the need for online sellers to open up bank accounts in new international markets.
Amazon chief Jeff Bezos famously said that he wants to make the attractions of Amazon Prime so good that not being a member is the “irresponsible” choice. The various attractions already include delivery perks, music and videos, the Kindle library and many other things and all for £79 a year in the UK. Now they are adding access to live music gigs via video to draw in new users.
We like to cast our eyes to faraway horizons on Tamebay and there aren’t many places further away from British shores than Chile in South America. And it sounds like ecommerce is developing well there. DHL has started offering ecommerce delivery services in Chile and, so far, they say their service has exceeded expectations in terms of take up. According to DHL, more than 50 SMEs signed up in month one and the company is keen to do more in the region.
A new report from the Boston Consulting Group found that Chinese ecommerce spending was $750 billion in 2016, more than the U.S. and the UK combined, while it’s growing at 20% per year, twice as fast as those markets. The report also found China to be way ahead in terms of mobile commerce. Citing research from Criteo, iResearch and eMarketer, BCG estimated m-commerce’s share of total ecommerce in China was 61% in 2016, compared to 39% in the U.S., and is projected to reach 74% in 2020 compared to 46% here.