Malaysia: security concerns arise as online shopping grows
Tuesday, 8th July 2014
Although in Malaysia 73% of population shops online at least once a month, concerns arise over online payments security.
"A PayPal survey shows that mobile devices, such as smartphones or tablets, become the preferred medium for online shopping, with half of respondents using these devices for ecommerce at least once a month, spending over RM200 shopping online over the last three months."
"Findings also reveal that the top concerns relating to online shopping security were financial details being stolen by cyber-criminals and falling to fraud, quoted by 58% of those surveyed, followed by having to share credit card details with a website not visited before (23%), with the fear of not getting what was ordered (9% of respondents) and of receiving damaged goods (6%) still persisting among online shoppers."
"However, only 11% of those who answered the survey actually encountered any form of fraudulent activity when shopping online. And although cross-border shopping was becoming increasingly popular, respondents had more concerns about security when it came to shopping from overseas websites."
More info here.
Europe: cross-border ecommerce suffers from delivery-related high costs
Monday, 7th July 2014
By comparing delivery costs within and out of borders, the latter requires, the least, twice the amount for shipping goods.
"It is a major logistical issue in the cross-border business in Europe which should be given prime importance and be solved in order to create a digital single market. It could also be a major driver for merchants to start selling to foreign markets."
"Improving delivery conditions within the EU has also been identified by the European Commission as one of the top five priorities to boost ecommerce before 2015."
"It is also relevant that cross- border delivery costs are decreased, as they form a competitive disadvantage for foreign retailers over the local ecommerce players. One of the factors that make cross- border delivery expensive is the fact that merchants often have to ship random, scattered packages to isolated destinations. One suggestion to improve cost efficiency could thus be to create export lanes and allow merchants to bundle their ecommerce exports to foreign destinations."
More info here.
Netherlands: iDEAL transactions volume climbs 21% in 2013
Saturday, 5th July 2014
iDEAL, a Dutch online payments system, recorded a 21% growth in the number of transactions, to a total value of EUR 10.8 billion.
"Consumers with a Dutch bank account opted for iDEAL as a payment option for their purchases over 142 million times, a notable figure which was spurred by the continuing increase in online shopping."
"However, consumers not only use iDEAL for online purchases and transactions but also for donations to charities and payments for subscriptions and invoices, for example. Security, speed and convenience are important factors for consumers when selecting their payment method, according to information issued by the report in question."
"In 2013, 59% of the Dutch customers opted for iDEAL as a payment method and 61% of consumers used the service to pay for their most recent online purchases."
More info here.
Ecommerce in Canada - Infographic
Friday, 4th July 2014
Source Ecommerceouttakes.com
India: domestic transactions account for 70% of the M&A activity by volume
Friday, 4th July 2014
Indian domestic transactions has cumulated a notable 70% of merger and acquisitions (M&A) volume since 2010.
"There have been 159 M&A transactions involving Indian technology product companies from 2010, with a total estimated transaction value of USD 1.78 billion."
"Speaking of the value factor, the 48 inbound M&A transactions account for 63% of the estimated M&A transaction value, due to a higher average deal size of USD 23.3 million versus USD 6 million."
More info here.
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