Digital payments accelerated considerably in the Asia-Pacific region in 2020 amid the COVID-19 health crisis. Among other contributors to that growth were the increased smartphone penetration, Internet access and high digital adoption rate. Asia-Pacific dominated in cashless transactions in 2020 and was forecasted to remain the global leader over…
Unlike other regions of the world, the Middle East B2C E-Commerce market has developed slowly. Furthermore, the Internet penetration rate in the Middle East was in 2020 was estimated at 40%, far lower than the 80-90% penetration rate of the leading global regions. In a pre-COVID-19 assessment, the value…
The online payment industry in the Middle East and Africa continues to accelerate, especially after the onset of COVID-19 pandemic in 2020. After the lockdown, consumers adopted even more strongly the alternative ways of payments when shopping due to the fact that they were faster, more secure and did…
Amazon Business was expected to grow much faster than B2C Amazon, Alibaba is showing no signs of decreasing demand, and many B2B start-up marketplaces are raising substantial investment funding amid the COVID-19 pandemic. In 2020, furthermore, the Gross Merchandize Value of third-party marketplaces was expected to grow by about…
During COVID-19, bank wire transfers, bank debit and cheques continued to be the go-to payment choice for B2B companies worldwide. For B2B companies worldwide. Specifically for E-Commerce, however, businesses preferred credit cards, terms (30-60-90), and mobile wallets. The fact that the digitalization of business-to-business payments is important was understood…
The latest publication from Hamburg-based market research company yStats.com released a new report, titled “Asia B2C E-Commerce Market 2021”. The report gives insights into the B2C E-Commerce market situation amid the COVID-19 health crisis in 2020 summarizing the key figures and forecasts up to 2025. The publication reveals that in…
The latest publication of the Germany-based desk-research firm yStats.com, “2021 Key Trends of the Payment Industry: Global Real-Time Payments Market” gives insights about the increasing demand for real-time fund transfers and the reaction of the payment service providers in the USA, Europe, Middle East, Africa, Asia and Latin America in…
The latest publication from Germany-based desk research company yStats.com, “2021 Key Trends of the Payment Industry: Real-Time Payments in Latin America” gives insights into the current situation of real-time payments in the countries of Latin America during the COVID-19 health crisis in 2020. The publication reveals that despite the actions…
The latest publication of the Hamburg-based market research company yStats.com, “2021 Key Trends of the Payment Industry: Real-Time Payments in the Middle East and Africa” provides insights into the recent developments in the real-time payments adoptions process in the countries of the Middle East and Africa. The publication shows that…
A new publication of Germany-based business intelligence company yStats.com, “2021 Key Trends of the Payment Industry: Real-Time Payments in Asia” details the process of an ongoing move to real-time payments in countries of Asia. The publication reveals that most markets in the region are increasingly adopting this type of fund…