The countries of Africa undergo nearly 23% of their cross-border trade.

"The level of intra-African trade is relatively low, as compared to other regions. For example, around 70% of the EU’s trade happens within its borders."

"Improved cross-border payment systems could facilitate intra-regional trade and regions across the continent are beginning to work on greater intra-continent trade. Although intra-regional trade is determined by economic fundamentals of supply and demand, the report notes that the lack of efficient regional payment systems could add significant costs to intra-regional trade."

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China's overseas online shopping market has registered a significant growth.

"The value registered by the Chinese online shoppers buying from abroad via domestic electronic payment methods jumped from USD 1.95 billion (CNY 12 billion) to more than USD 11.36 billion (CNY 70 billion) between 2010 and 2013."

"Alipay, China's largest third-party payment platform, recorded a 117% growth in its cross-border e-payment services from 2011 to 2012, whereas the average pointed to a 64.7% growth for other ecommerce companies."

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74% of UK adults have bought goods or services online in 2014 (compared to 53% in 2008) and 53% adults bank online.

"There is a risk coming from a section of society that is excluded simply because they don’t have credit or debit cards."

"81% of shoppers who have been refused credit feel there is a negative stigma attached to it. A shocking 27% of online shoppers who have been refused credit reported feeling like outcasts from society."

"33% of online shoppers being unaware that you can buy goods online without a bank account or credit card, while 53% complained about a lack of payment alternatives from online retailers."

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Source Smartinsights.com

Serbian online banking penetration rate amounts to 5%.

"Among those involved in the survey, 57% have a feature phone, 37% have a smartphone, 9% have a tablet, 51% have a PC whereas 12% claim they have no internet connection."

"In 2010, the online banking penetration rate in the country pointed at 2%."

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