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The mobile commerce boom set to accelerate in the holidays
Holidays and festival seasons worldwide are expected to cause a global spike in eCommerce transactions as consumers rush to buy digital goods and services online. Real time digital payment software specialist ACI Worldwide[i] predicts that global eCommerce transactions between October and December 2021 will rise 14% year on year. The trend will be led by […]
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Facebook envisions commerce in the Metaverse
Facebook’s recent decision to rebrand itself as Meta is intended to put the social media company at the center of an emerging digital universe which could soon become the default environment for online shopping – the Metaverse. CEO Mark Zuckerberg believes that wholesale adoption of virtual spaces and avatars will combine to help people select, […]
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Slower growth for Disney+ amidst maturing SVOD space
While the erstwhile rapid growth of the Disney+ subscriber base appears to have plateaued, for now, a conveyor belt of new, unique content over the next twelve months coupled with its expansion into additional Asian markets could help Disney+ quickly resume its earlier momentum. Disney+ added just 2.1m subscribers in the financial quarter ending 2nd […]
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Southeast Asia enters Digital Decade
The commercial markets of Southeast Asia are entering a “digital decade” that could see the value of the region’s Internet economy expand to US$365bn by 2025 and over US$1tn by 2030, according to estimates. The 2021 edition of the economy SEA report compiled by Google, Temasek, and Bain analyzed Vietnam, Thailand, the Philippines, Malaysia, Singapore, […]
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Amazon broadens US mobile payment options
Amazon’s decision to allow payments via the Venmo digital wallet app in the US illustrates how the world’s biggest online retailers are offering more flexible purchasing options in the face of burgeoning consumer demand. At some point in 2022 (a specific date is yet to be decided), Amazon will allow US customers to fund purchases […]
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Merchandising finds new digital channels
The latest collaboration between eCommerce platform provider Shopify and Spotify breaks fresh ground in online shopping, marketing, and advertising by giving musicians, bands, podcasters and others more options to quickly and easily monetise their brand via the audio streaming service. Shopify will now allow artists that use its service to sell their merchandise directly to […]
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Nubank IPO highlights LatAm digital payments growth
The imminent US$50bn IPO of Nubank, regarded as the biggest digital bank in the entire world,[i] let alone its native Brazil, illustrates how quickly Latin America is embracing new forms of payment. The company estimated contactless payments more than doubled in 2020 over 2019, leading to a partnership with Google in February this year, allowing […]
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Squid serves up Netflix boost
Netflix may be losing market share to its rivals, but the company still has several aces up its sleeve. And harnessing the power of its localised content engine may arguably be the best of them. The subscription video on demand (SVOD) market leader signed 4.4m new subscribers in the third quarter of 2021, surpassing expectations […]
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Google Play cuts fees for digital subscription apps
Cutting the commission fees, developers pay to sell digital subscriptions through the Google Play app store should make it easier for smaller companies to scale up their businesses more quickly and navigate fluctuations in customer churn. The new policies will impact different categories of apps consumers commonly pay for using their smartphones – everything from […]
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PromptPay illustrates Thailand mobile payment expansion
Consumers in Thailand have rushed to embrace digital payments since the beginning of the coronavirus pandemic, with the country’s central bank reporting that transaction volumes on the PromptPay platform have increased fourfold since 2019.[i] PromptPay was introduced in December 2016 by payments firm VocaLink, subsequently acquired by Mastercard in 2017 as the financial services giant […]
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Mobile channels underpin increased eCommerce fraud in North America
More people switched to buying their shopping online and paying for it using their smartphones, the economic lockdowns introduced to counter the impact of the coronavirus pandemic. But the enhanced consumer preference for mobile commerce (mCommerce) and mobile payments also attracted the unwanted attention of fraudsters keen to capitalise on the trend. In its latest […]
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Mobile payment growth attracting more fraudsters
Total eCommerce fraud will exceed US$20bn in 2021, up 18% over 2020 according to Juniper Research, and a growing tally of fraudulent transactions are originating from consumer smartphones as hackers follow the money. ACI Worldwide’s latest Fraud Insights report analysed hundreds of millions of transactions across its global customer network. It reveals a 27% year […]