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 enhancement of E-Commerce globally, the losses to online payment fraud are expected to grow
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…
Consumer behavior rapidly changed after the onset of COVID-19, and the preference for what to buy online and what not to vary by country. Due to the COVID-19 pandemic and enforced restrictions in Europe, the retail market experienced significant changes, namely, digitization of operations in 2020. Many businesses in…
With the increasing shift of consumers towards digitalization, fashion retailers started extensively adopting new strategies, such as introducing digital sales channels or ramping up omnichannel services. The global fashion industry experienced a drastic drop in sales volume after the onset of the COVID-19 pandemic in 2020. However, with the…
During the COVID-19 pandemic, the global health industry realized the necessity of going into digital space. Despite some implementation difficulties, the market was set to follow an upward trend in the next five to six years, growing at double-digit rates yearly across the globe. North America appears to be…
Both global consumers and enterprises are increasingly adopting Internet of Things technologies for various purposes and therefore the technology has started developing even faster. By 2024, global IoT market revenue was estimated to cross a USD 1 trillion mark and by 2030 the number of connected devices should reach…
Appearing naturally as the result of global digitalization, Neobanks are becoming increasingly trusted by consumers in many parts of the world. The number of digital-only banks at the end of 2020 had increased at least 4 times compared to two years earlier. Moreover, as consumers transfer their banking transactions…