Social commerce, as a subset of E-Commerce, experienced accelerated growth during and post pandemic. Faced with social distancing and lockdown measures consumers worldwide were forced to use online channels to buy goods and services. Furthermore, during the pandemic, the use of social media also increased, and consumers gradually began to…

Although subscription-based business models have been around for quite some time, consumers traditionally mainly opted for subscriptions of mainly media and entertainment services. The concept became even more popular for physical goods such as food & beverages, beauty & personal care, supplies for pets and animals, and luxury items during…

The outbreak of the pandemic and the measures of social distancing and lockdown that came along with it gave a push to the already growing crypto market, mainly because of the easy accessibility during the pandemic. Furthermore, cryptocurrencies provided a hedge against inflation, affordable remittances, as also acted as a…

After being severely hit by the Covid-19 pandemic, the travel industry globally continues to recover slowly from 2022 on. Travelers are warming up to the idea of traveling again as economies have eased travel restrictions, thus as per data cited in the new yStats.com publication, “Global Online Travel Market 2022”,…

Buy Now Pay Later (BNPL) services have experienced explosive growth rates over the past two years. With online shopping booming despite household budget restraints during the lockdowns, BNPL solutions as a form of easy-to-apply consumer credit were integrated directly into E-Commerce checkouts and caught on quickly. Of the top 3…

With the increasing pattern of mobile phone usage for online activities such as shopping, making payments, or banking, fraudsters started to follow up and target these devices too. Namely, the share of digital banking fraudulent transactions worldwide executed via a mobile app witnessed a steady increase in the past years,…

After the onset of the COVID-19 pandemic, the online retail in Turkey experienced significant growth from 2019 to 2020. The overall online sales value increased by over 65% between 2019 and 2020. In addition, the retail sales in Turkey accounted for over half of total E-Commerce sales in 2020. The…

The COVID-19 health crisis brought changes to the retail market in South Africa with the decline in brick-and-mortar store due to the pandemic-induced lockdowns. The B2C E-Commerce market increased by over 60% between 2019 and 2020. Moreover, online sales are projected to represent about 5% of total retail sales by…

  The global digital payment industry was dramatically affected by the health crisis COVID-19 in 2020 and this resulted in major shifts in the development of the market. Although non-cash transactions were already commonly used in many regions before 2020, the adoption rate of such payments accelerated significantly and is…